Randgold CEO says Ivory Coast power cuts weigh on Tongon

Power cuts in Ivory Coast have hurt output and equipment at Randgold Resources' Tongon gold mine in the first three months of this year, Chief Executive Mark Bristow said. Ivory Coast, French-speaking West Africa's largest economy, is struggling to meet a surge in demand for electricity to power its expanding postwar economy. Randgold CEO said its mine was Ivory Coast's biggest power consumer, paying 8 billion CFA francs ($14 million) per year for power.