Randgold Resources Limited is engaged in gold mining, exploration and related activities. The Company�s activities are focused on West and Central Africa. In Mali, it has an 80% controlling interest in the Loulo mine through Somilo SA. As of December 31, 2011, the Loulo mine was mining from one large open pit, several smaller satellite pits and two underground mines. It also has an 80% controlling interest in the Gounkoto mine through Societe des Mines de Gounkoto S.A. The Company owns 50% of Morila Limited, which in turn owns 80% of Morila SA, the owner of the Morila mine in Mali. In addition, it own an effective 89% controlling interest in the Tongon mine located in the neighboring country of Cote d�Ivoire. It also owns an effective 83.25% controlling interest in the Massawa project in Senegal. The Company has a portfolio of exploration projects in both West and Central Africa.