Randgold Resources Ltd was incorporated under the laws of Jersey, Channel Islands in August 1995. The Company is engaged in the exploration and development of gold deposits in Sub-Saharan Africa. Its discoveries to date include the 7.5Moz Morila deposit in southern Mali, the 7Moz Yalea deposit and the 5.9Moz Gounkoto deposit, both in western Mali, the 4.9Moz Tongon deposit in the Côte d'Ivoire and the 3.7Moz Massawa deposit in eastern Senegal. The company's Tongon mine in Côte d'Ivoire poured its first gold. The company acquired a 45% interest in the Kibali project in the Democratic Republic of Congo (DRC), which at 11Moz of mineral reserves is one of the gold deposits in Africa. Randgold also has a project at Massawa in Senegal and an portfolio of organic growth prospects, supported by intensive exploration programmes in Côte d'Ivoire, DRC, Mali and Senegal. The Loulo mine is currently mining from one open pit, several smaller satellite pits and two underground mines namely Yalea and Gara deposits.