Rand Mining (RND)

Shares / Stock Code

RND

Stock Exchange / Sharemarket

Australian Securities Exchange

Rand Mining (RND) is an exploration company primarily searching for gold, with tenements mainly in Australia. Key projects are located in the Yilgarn Craton of Western Australia. Exploration companies aim to discover and delineate occurrences of metals and minerals that can be economically mined and extracted. The company listed on the Australian stockmarket (ASX) 15 August, 1985.

The main focus of Rand Mining is the development of the EKJV resources. The East Kundana Joint Venture includes Tribune Resources NL (36.75%), Gilt Edged Mining NL (51%) and Rand Mining NL (12.25%). There are 5 projects within this joint venture (Raleigh Underground, Hornet Pit, Hornet Underground, Rubicon Underground and Pegasus Underground) making up a total of 1.382 million ounces.

RND's major customers would include the retail, wholesale and international markets. Its competitors consist of other mining companies such as Reward Minerals (RWD). Concentrates from the mining industry are generally sold to smelters in the main markets of Asia, Europe and North America. For metals, sales agreements tend to be short term and therefore subject to price fluctuations according to global price trends. The Company’s wholly owned subsidiaries include Rand Exploration N.L. and Pan African Mining Ltd.

Rand Mining (RND) Products and Services

  • Mineral exploration and the development of gold interests in Kalgoorlie.

Rand Mining (RND) Locations and Subsidiaries

Rand Mining Head Office
Suite G1, 49 Melville Parade, SOUTH PERTH,
WA, AUSTRALIA, 6151
Phone: (08) 9474 2113
Fax: (08) 9367 9386

Rand Mining (RND) Share Price

Submitted by ASX Listed Company on 22 May, 2010 - 19:52

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