| Loulo Project |
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Country |
Mali
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Status |
PRODUCTION
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Surface |
372 km² / 91,921 acres |
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Latitude / Longitude |
12 N 54 / 11 w 21 |
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Legends
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| Risk and valuation analysis of the Loulo Project |
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| Title(s) of the Loulo Project |
 | Randgold Resources Ltd.
Owner: 80% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| Société des Mines de Loulo (SOMILO) S.A. which owns the 372km2 Loulo mining lease in western Mali, is the 80% owned subsidiary of Randgold Resources Limited. The remaining 20% is owned by the Government of Mali. |
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| Location of the Loulo Project |
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The Loulo Gold mine is located at the border with Senegal.
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| History of the Loulo Project |
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The initial open pit mine was financed, developed and then commissioned by Randgold Resources in September 2005 The development of the underground phase is expected to be financed from internal cashflow and by Randgold. The original Gara orebody, was discovered by Syndicate d'Or in 1981 and the Yalea orebody, the principal orebody, by Randgold Resources in 1996/1997.
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| Production history |
| Metal | 2010 |
| GOLD (oz) | 316,539 |
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Data last updated on : 12/31/2008
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Disclaimer
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All information on this page comes from internal and external sources deemed reliable. This information might not be up to date, so please perform due diligence before making any conclusion or making any action. Do contact us should any information be missing or incorrect.
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