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Kilo Goldmines & Randgold Resources agree JV

Last updated: 05:21 07 Dec 2012 EST, First published: 06:21 07 Dec 2012 EST

Alex Van Hoeken, President & CEO of Kilo Goldmines (TSX-V:KGL), and Paul Harbidge, Group Exploration Manager at Randgold Resources (LON:RRS), explain to Proactiveinvestors the details of the agreed joint venture in the Democratic Republic of Congo. Alex gives the shareholder case and says that while the two have agreed a five-year plan to reach the pre-feasibility study the two companies will work as fast as they can to move ahead with the project. Both Paul and Alex explain that each company will be able to share in the cost savings that arise out of the agreement.

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