Randgold aims to tackle debt - CEO

Cape Town - Even the largest gold mining companies may need to restructure their business and reduce their debt burden at a time of weaker gold prices, the chief executive of gold miner Randgold said.

Randgold, a medium-sized gold producer listed in London but with assets in Africa, is looking to expand via exploration and acquisition, seeing opportunities emerging from a shake-up among producers.

"The mining industry has scared the living (hell) out of investors and it's going to take a while for them to come back," chief executive Mark Bristow said in an interview on the sidelines of the Mining Indaba conference.