Randgold Resources hopes its Morila mine is a golden gorilla. The exploration and mining company's chief asset is its stake in the Morila Limited gold mine located in Mali. Morila is a joint venture with AngloGold Ashanti. Randgold Resources has holdings in projects in Mali (the Loulo operation, which began production in 2005) and Côte d'Ivoire (the Tongon operation). It also has exploration projects in Senegal, Burkina Faso, Ghana, and Tanzania. The company has proved and probable reserves of about 7.8 million ounces of gold. Randgold Resources was spun off from Randgold & Exploration in 1995 and in 2006 Randgold & Exploration sold its remaining holding in the company.