Randgold rises on news of temporary Mali government

Gold miner Randgold Resources has said it welcomes the appointment of a new interim government in Mali, which marks another step towards normalisation of the country following the coup attempt earlier this year.

Randgold operates the Loulo and Gounkoto gold mines in Mali as well as the Morila joint venture and is one of the largest contributors to the country's economy.

The temporary government has been formed with the support of Ecowas and the international community and has been extended to constitute a government of national unity including all the political parties and civil society.

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Chief executive Mark Bristow said it was pleasing to see that continued progress was being made in restoring full political stability in a country which had long been an "exemplary democracy".

"We have often said that we have confidence in the ability of Mali's people to resolve their differences in a constructive manner and, while there is still some way to go, this confidence remains unshaken. In the meantime, we continue to stay in touch with all parties and to monitor the situation closely," he added.

The firm's share price rose 3.66% to 6,370p by 12:29.

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