May 3 - Randgold Resources CEO Mark Bristow tells Insider how his company is coping with the current economic climate.
Continuing our economy 2012 series we need CEOs from around the world again very unique site. On how businesses faring in the current environment the opportunities for hiring an expansion. -- -- bumps in the road might be my guest today is the CEO of gold miner Rangel resource is our democracy good to see you again -- Our business looks strong for -- gold but there are some political headwinds. How would you characterize the the current business environment for -- United says it comes -- -- -- radio operates in Africa out thinking. You know what remind people is that if you look. Back to you the political situation in which -- showing us started in. 990 fob at a very different and much better. That you know these situations arise and the ivory yet I remind you that we and a similar situation in the Ivory Coast lost you this Tom. And we have to deal than. I don't believe that it's terminal and it said he'd. Not a long term issue and and I think we'll get through it and and and that just reminds everyone that. When you run businesses -- idea in Africa have make sure you've got the quality. That can so Bob these sort of challenges. And is is is African politics what what keeps you awake at nights at night most when you look the rest of 2012. No I don't believe so I think you know I'm very comfortable that that with Africa in particular has a very clear plan of how to assistant and facilitate the Monte. The strategy what keeps me -- got guys. Yeah I'd be getting the odd because operation up and running at and it's designed capacity and and the -- shocking plot about businesses that use. The stock to of the construction of the body which is. You know comes at all the challenges a vote of bullying amiga mod and then very remote place in the -- act and act as the eurozone crisis hope you sleep at night given operatic sort of equals -- gold prices -- You know -- blaze we can always rely on the wasted world politicians to help keep the goal -- up that's what shall. Wit which geographic Blair as a sharing but the most and that -- the least growth after you right now. We we obvious to -- big growth is is the new laden and conga and -- out real value delivery is coming out of body with the expansion. And ramp up at -- and it's interesting that going caught mind which we started last year Missouri he paid back its capital. So you know -- highly profitable we make big contributions to the goblins. That host dust and and you're not but no doubt that as the will struggles. Economically. You know the the growth of Africa. They know Bob view is that -- Israeli changing from night. Fed will content into an emerging markets and that's an exciting time to be able to operate today. -- I see you've kept your your full constant place for the full year after. Com what what where -- I know you weary about talking about the price tomorrow but what way do you see this price -- given what we're seeing in Europe. Given whether US economy is headed right now. You know people say you know the gold prices stuff love it in it is nothing soft about 16100 on go prosperity from where where I come. But I think that again is up -- would print job that process largely because the industry itself is not profitable -- these processes. And more importantly there is no quick fix to the global economic challenges that we nice and you know more -- -- The emerging market central banks have to manage more -- money. And and I've got to manage that that. Exchange of risky. With the currencies that they all. On panicking and so I think you know it is a long way to go I think it is. It's not the end allotment of how to deal with these challenges across the but you know I think we have what we've seen happen since 2000 tonight is give -- -- the the face of global economics course I'm Tom. Okay thanks for sorting with -- -- mark Bristow the CEO of -- gold. That's at IMAX a -- this is rice's.