Malian mines continue to operate, says Randgold

Gold miner Randgold Resources has assured that operations at its mines in Mali have continued to operate following a military coup in the country which began last week.

Randgold's shares fell by as much as 15% on Thursday after it was reported that rebel troops had taken over Malian state radio and TV and announced that they have seized control of the country.

The company's Chief Executive, Mark Bristow, who has been at the its Loulo complex over the last week, said that all of its mines were all operating at present and that Loulo's fuel supplies had been replenished over the weekend.

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"Randgold and other mining companies in Mali had a meeting with representatives of the Comit National de Redressement de la Dmocratie et la Restauration de l'tat (CNRD-RE) on Monday at which the CNRD-RE assured them that the situation was under control and that the State was still functioning," the firm announced this afternoon.

Despite trimming losses initially after the announcement at 13:40, shares fell further into the red by 15:47, down 2.13% at 5,505p.

Randgold said it would continue to monitor the political situation in the country and engage with the Malian authorities.

BC