LOULO, MALI--(Marketwired - Aug 1, 2014) - RANDGOLD RESOURCES LIMITED (
Bristow told a media update briefing that the complex's importance to the Malian economy was demonstrated by the fact that it currently accounts for some 8% of the country's GDP. In addition to the substantial contribution it makes to the Malian treasury in the form of dividends, taxes and royalties, Loulo-Gounkoto's continuing success has also enabled it to provide a wide range of life-changing benefits to local communities. This, he said, was in line with Randgold's commitment to share the value it created with all its stakeholders, including the people of its host countries.
One of the major achievements of this approach was the significant contribution Randgold was making to national skills growth in Mali through scholarship programmes, hands-on training and career development. As a direct result of this effort, Loulo-Gounkoto is managed and operated by an almost entirely Malian team, with the country's nationals accounting for 94% of the total workforce.
In addition, the complex has set up community-led commissions to direct each of its strategic community investment sectors, including potable water provision, education, healthcare and food security. Investment projects are run by the community, with guidance from Loulo-Gounkoto's management.
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