Randgold sees prosperous future ahead with Mali

Marketwired

JERSEY, CHANNEL ISLANDS--(Marketwired - Aug 1, 2013) -



TSX - GOLD


RANDGOLD RESOURCES LIMITED
Incorporated in Jersey, Channel Islands
Reg. No. 62686
LSE Trading Symbol: RRS
NASDAQ Trading Symbol: GOLD
("Randgold Resources", "the company" and "Randgold")


RANDGOLD SEES PROSPEROUS FUTURE AHEAD WITH MALI


Bamako, Mali, 1 August 2013 - Randgold Resources and Mali are
strongly positioned to deal with the downturn in the gold price which
has plunged much of the gold mining industry into crisis, chief
executive Mark Bristow said today.

Speaking at a media briefing here, Bristow said the country and the
company had a long history of a mutually beneficial partnership and
together they had overcome many challenges, not all of them economic.
Through some difficult times, Randgold had retained its belief in Mali
and in the Malian people's ability to solve the country's problems and
this confidence had once again been vindicated by the previous week's
peaceful presidential election.

Bristow cited the Malian government's recent decision to waive its
royalties for the 22month duration of the Morila pit pushback project,
as an example of fruitful cooperation between state and capital. This
will enable a more equitable share for investors and the State while
extending the mine's life by a further two years and securing the
employment of almost 1000 workers until early 2015. In combination
with a tailings retreatment project, this will also help fund the
eventual rehabilitation of the mine site, as well as the establishment
of a sustainable agribusiness to provide economic opportunity for the
local community. The development of this business is already far
advanced."The discovery and development of Morila was the foundation on
which
Randgold built its company, as well as Mali's growth into a major
African gold producer. Since it went into production in 2001, Morila
has produced more than 6million ounces of gold at an average cost of
less than USD300perounce and contributed more than USD1billion
directly to the Malian treasury," Bristow said.    Click on, or paste the following link into your web browser, to view
the associated PDF document.

http://www.rns-pdf.londonstockexchange.com/rns/7460K_1-2013-8-1.pdf


This information is provided by RNS
The company news service from the London Stock Exchange

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