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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Randgold Res. | LSE:RRS | London | Ordinary Share | GB00B01C3S32 | ORD $0.05 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 6,546.00 | 6,580.00 | 6,584.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMRRS
RNS Number : 8298C
Randgold Resources Ld
30 June 2016
RANDGOLD RESOURCES LIMITED
Incorporated in Jersey, Channel Islands
Reg. No. 62686
LSE Trading Symbol: RRS
NASDAQ Trading Symbol: GOLD
REPORT ON PAYMENTS TO GOVERNMENTS FOR THE YEAR 2015
Jersey, Channel Islands, 30 June 2016 - Randgold Resources Limited today provides information in accordance with DTR 4.3A of the Disclosure and Transparency Rules of the United Kingdom's Financial Conduct Authority in respect of payments made to governments by Randgold Resources Limited and its subsidiary undertakings for the year ended 31 December 2015.
This report is prepared in accordance with United Kingdom's Reports on Payments to Governments Regulations 2014 (as amended) ("UK Regulations") and the basis of preparation is summarised below. The report is available for download from: http://www.randgoldresources.com/regulatory-releases.
For information on all of the payments the Randgold Resources Limited group entities have made to governments (including payments by Société des Mines de Morila SA and Kibali Goldmines SA, which are excluded from this report), please refer to the company's Sustainability Report as set out in its 2015 Annual Report and Accounts. The 2015 Sustainability Report is available for download from: http://www.randgoldresources.com/sustainability-report-2015.
Basis of Preparation - Report on Payments to Governments for the year ended 31 December 2015
Reporting entities
This report includes payments to governments made by Randgold Resources Limited and its subsidiary undertakings (together "Randgold"). Payments made by entities over which Randgold Resources Limited has joint control (including Société des Mines de Morila SA and Kibali Goldmines SA) are excluded from the report.
Activities
Payments made by Randgold to governments arising from activities involving the exploration, prospection, discovery, development and extraction of minerals ("extractive activities") are disclosed within this report. As extractive and processing activities are unable to be reported separately, associated payments related to both activities have been disclosed in full.
Government
Government includes any national, regional or local authority of a country and includes a department, agency or entity that is a subsidiary of a government or entity that is controlled by such authority.
Project
Payments are reported at a project level except those payments which cannot be attributed to a specific project and therefore are reported at an entity level. Project is defined in the UK Regulations as being the operational activities which are governed by a single contract, license, lease, concession or similar legal agreement and form the basis for payment liabilities with a government. If such agreements are substantially interconnected, those agreements shall be treated for the purposes of the UK Regulations as a single project. Substantially interconnected means forming part of operationally and geographically integrated contracts, licenses, leases or concessions or related agreements with substantially similar terms which are signed with a government giving rise to payment liabilities. Indicators of integration include, but are not limited to, geographic proximity, the use of shared infrastructure and common operational management.
Payment Types
- Taxes
These are taxes paid by Randgold on its profits. In line with the UK Regulations payments made in relation to consumption, such as value added taxes, personal income taxes or sales taxes are excluded.
- Royalties
Royalty arrangements based on mineral production are in place at each operating mine. The royalty amounts paid to a government are calculated as a set percentage of the value of gold production at market gold prices less any deduction that may be taken.
- Dividends
These comprise dividends paid by Société des Mines de Gounkoto SA to the State of Mali based on the State of Mali's shareholding pursuant to the Establishment Convention under which Société des Mines de Gounkoto SA operates.
- License fees, rental fees and other considerations for licenses or concessions
These are fees paid as consideration for acquiring a license for gaining access to an area or permitted area where extractive activities are to be performed.
- Infrastructure Improvements
These are payments which relate to the construction of infrastructure (including but not limited to roads, bridges and buildings) that is not primarily dedicated to extractive activities throughout its useful life. Payments which are in the nature of social investment, for example for the building of hospitals, schools or other social projects, are excluded from this report in line with the UK Regulations.
- Other Payments
Other types of payments which are required to be disclosed in accordance with the UK Regulations are the following:
1. Production entitlements; and 2. Signature, discovery and production bonuses.
However for the year ended 31 December 2015, there were no such reportable payments made by Randgold to a government.
Basis of Disclosure
Payments are reported on a cash flow basis and refunds are included within the year received.
Materiality
Payments are disclosed in US Dollars and, in line with the UK Regulations, where a payment or a series of related payments have not exceeded GBP86 000 (US $131 500)(1) such payment or series of related payments have not been included.
Exchange Rate
Payments made in currencies other than US Dollars are converted based on the foreign exchange rate at the relevant annual average rate.
(1) Amount exchanged at a rate of GBP GBP1:US $1.529.
Report on Payments to Governments 2015
Hot Features
Premium
Government Reports (all amounts in US$)
----------------------------------------------------------------------------------------------------------------------
MALI Government Production Taxes Royalties Dividends Signature, License Infrastructure Total
Entitlements Discovery Fees Improvements
and Production
Bonuses
---------------- --------------- ------ ---------- ---------- ---------------- -------- --------------- ------
Ministère
de l'Economie
et des
Finances
- Direction 55 21 77
des Grandes 698 422 120
Enterprises - 763 034 - - - - 797
---------------- --------------- ------ ---------- ---------- ---------------- -------- --------------- ------
Ministère
de l'Economie
et des
Finances
- Bureau
des Domaines 2 996 2 996
de Kenieba - 446 - - - - - 446
---------------- --------------- ------ ---------- ---------- ---------------- -------- --------------- ------
Ministère
des Domaines
de l'Etat
et des
Affaires
Foncières
- Direction
Nationale 21 10 31
Domains 422 256 45 724
et Cadastre - - 034 728 - 339 - 101
---------------- --------------- ------ ---------- ---------- ---------------- -------- --------------- ------
Infrastructure
expenditure 328
(a) - - - - - - 328 163 163
---------------- --------------- ------ ---------- ---------- ---------------- -------- --------------- ------
58 42 10 112
695 844 256 45 169
- 209 068 728 - 339 328 163 507
-------------------------------- ------ ---------- ---------- ---------------- -------- --------------- ------
CÔTE Production Taxes Royalties Dividends Signature, License Infrastructure Total
D'IVOIRE Entitlements Discovery Fees Improvements
Government and Production
Bonuses
---------------- --------------- ------ ---------- ---------- ---------------- -------- --------------- ------
Ministère
du Budget
et du
Portefeuille
de l'Etat
- Receveur
de Grandes 579 579
Entreprises - 868 - - - - - 868
---------------- --------------- ------ ---------- ---------- ---------------- -------- --------------- ------
Ministère
du Budget
et du
Portefeuille
de l'Etat
- Receveur
des Domaines 6 446 6 446
d'Abidjan - - 036 - - - - 036
---------------- --------------- ------ ---------- ---------- ---------------- -------- --------------- ------
Ministère
de l'Industrie 1 137 308 1 445
et des Mines - - 536 - - 188 - 724
---------------- --------------- ------ ---------- ---------- ---------------- -------- --------------- ------
Infrastructure
expenditure 172
(a) - - - - - - 172 000 000
---------------- --------------- ------ ---------- ---------- ---------------- -------- --------------- ------
579 7 583 308 8 643
- 868 572 - - 188 172 000 628
-------------------------------- ------ ---------- ---------- ---------------- -------- --------------- ------
SENEGAL Production Taxes Royalties Dividends Signature, License Infrastructure Total
Government Entitlements Discovery Fees Improvements
and Production
Bonuses
---------------- --------------- ------ ---------- ---------- ---------------- -------- --------------- ------
Ministère
de l'Industrie
et des Mines
- Direction
des Mines
et de la 42 42
Geologie - - - - - 294 - 294
---------------- --------------- ------ ---------- ---------- ---------------- -------- --------------- ------
42 42
- - - - - 294 - 294
-------------------------------- ------ ---------- ---------- ---------------- -------- --------------- ------
59 50 10 120
275 427 256 395 855
Total - 076 640 728 - 821 500 163 429
---------------- =============== ====== ========== ========== ================ ======== =============== ======
(a) Infrastructure expenditure relates to infrastructural
improvements in the areas surrounding the mines sites
----------------------------------------------------------------------------------------------------------------------
Project Reports (all amounts in US$)
----------------------------------------------------------------------------------------------------------------------
MALI Projects Production Taxes Royalties Dividends Signature, License Infrastructure Total
Entitlements Discovery Fees Improvements
and
Production
Bonuses
------------------- --------------- ------ ---------- ---------- ------------- -------- --------------- ------
Société
des Mines 12 24 37
de Loulo 395 620 29 207
SA - 231 902 - - 781 161 163 078
------------------- --------------- ------ ---------- ---------- ------------- -------- --------------- ------
Société
des Mines 46 18 10 74
de Gounkoto 299 223 256 12 959
SA - 978 166 728 - 681 167 000 552
------------------- --------------- ------ ---------- ---------- ------------- -------- --------------- ------
Randgold
Resources
Mali SARL - - - - - 2 877 - 2 877
------------------- --------------- ------ ---------- ---------- ------------- -------- --------------- ------
58 42 10 112
695 844 256 45 169
- 209 068 728 - 339 328 163 507
----------------------------------- ------ ---------- ---------- ------------- -------- --------------- ------
COTE D'IVOIRE Production Taxes Royalties Dividends Signature, License Infrastructure Total
Projects Entitlements Discovery Fees Improvements
and
Production
Bonuses
------------------- --------------- ------ ---------- ---------- ------------- -------- --------------- ------
Société
des Mines
de Tongon 579 7 583 62 8 398
SA - 868 572 - - 628 172 000 068
------------------- --------------- ------ ---------- ---------- ------------- -------- --------------- ------
Randgold
Resources
(Côte
d'Ivoire) 24 24
SARL - - - - - 734 - 734
------------------- --------------- ------ ---------- ---------- ------------- -------- --------------- ------
Boundiali
exploration 220 220
permit - - - - - 827 - 827
------------------- --------------- ------ ---------- ---------- ------------- -------- --------------- ------
579 7 583 308 8 643
- 868 572 - - 188 172 000 628
----------------------------------- ------ ---------- ---------- ------------- -------- --------------- ------
SENEGAL Production Taxes Royalties Dividends Signature, License Infrastructure Total
Projects Entitlements Discovery Fees Improvements
and
Production
Bonuses
------------------- --------------- ------ ---------- ---------- ------------- -------- --------------- ------
Randgold
Resources
(Senegal) 42 42
Limited - - - - - 294 - 294
------------------- --------------- ------ ---------- ---------- ------------- -------- --------------- ------
42 42
- - - - - 294 - 294
----------------------------------- ------ ---------- ---------- ------------- -------- --------------- ------
59 50 10 120
275 427 256 395 855
Total - 076 640 728 - 821 500 163 429
------------------- =============== ====== ========== ========== ============= ======== =============== ======
RANDGOLD RESOURCES ENQUIRIES:
Chief Executive Financial Director Investor & Media Relations Mark Bristow Graham Shuttleworth Kathy du Plessis +44 788 071 +44 1534 735 +44 20 7557 7738 1386 333 Email: randgold@dpapr.com +44 779 775 +44 779 771 1338 2288
Website: www.randgoldresources.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
PGRFBLFXQQFZBBZ
(END) Dow Jones Newswires
June 30, 2016 07:48 ET (11:48 GMT)
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