RANDGOLD RESOURCES LTD | CIK:0001175580 | 3

  • Filed: 3/29/2018
  • Entity registrant name: RANDGOLD RESOURCES LTD (CIK: 0001175580)
  • Generator: DataTracks
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1175580/000114420418017952/0001144204-18-017952-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1175580/000114420418017952/gold-20171231.xml
  • XBRL Cloud Viewer: Click to open XBRL Cloud Viewer
  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0001175580
  • Open this page in separate window: Click

    • ifrs-full:DisclosureOfRelatedPartyExplanatory

    19.
    Related party transactions
     
    $000
     
    Dec 31, 2017
     
    Dec 31, 2016
     
    Dec 31, 2015
     
    Management fee received from Rockwell Diamonds Inc
     
     
    -
     
     
    9
     
     
    37
     
    Net income from Loulo
     
     
    -
     
     
    -
     
     
    -
     
    Net income from Tongon
     
     
    -
     
     
    -
     
     
    -
     
    Net income from Morila
     
     
    3,764
     
     
    3,522
     
     
    14,259
     
    Net income from Gounkoto
     
     
    -
     
     
    -
     
     
    -
     
    Net income from Kibali
     
     
    13,829
     
     
    43,106
     
     
    47,555
     
    Net income from RAL 1
     
     
    778
     
     
    2,319
     
     
    3,049
     
    Net income from RAL 2
     
     
    2,595
     
     
    405
     
     
    335
     
     
    Net income refers to interest, management fees, recharges and dividends.
     
    In terms of the operator agreement with Morila, a management fee calculated as 1% of the total sales of Morila is payable to Randgold (through Mining Investment (Jersey) Ltd). Randgold (through Randgold Resources (Somilo) Ltd) is the operator of the Loulo gold mine, the Tongon gold mine (through Mining Investment (Jersey) Ltd) as well as the Gounkoto gold mine (through Randgold Resources (Gounkoto) Ltd). Seven Bridges Trading 14 (Pty) Ltd provided administration services to Rockwell Diamonds Inc (Rockwell). Mr DM Bristow is a non-executive director of Rockwell. Refer to note 10 for details of the company’s investments in and loans to subsidiaries and joint ventures within the group together with its relevant share of income and expense.
     
    $000
     
    Dec 31, 2017
     
    Dec 31, 2016
     
    Key management remuneration
     
     
     
     
     
     
     
    Short term employee benefits
     
     
    13,009
     
     
    12,899
     
    Share-based payments
     
     
    10,831
     
     
    10,836
     
    Total
     
     
    23,840
     
     
    23,735
     
     
    This includes compensation for two executive directors of the company (2016: 2), 8 non-executive directors (2016: 8) and 22 executive management personnel (2016: 23). Refer to directors’ and executives’ profiles on “PART I. Item 6. Directors, Senior Management and Employees” in the Annual Report on Form 20-F for detail of their roles and responsibilities.