Randgold Resources Ld: Ivory Coast major opportunity for gold investors
JERSEY, CHANNEL ISLANDS--(Marketwired - Oct 28, 2013) -
Randgold Resources Ld (TSX: GOLD) (LSE: RRS) (NASDAQ: GOLD) TSX:GOLD RANDGOLD RESOURCES LIMITED Incorporated in Jersey, Channel Islands Reg. No. 62686 LSE Trading Symbol: RRS NASDAQ Trading Symbol: GOLD COTE D'IVOIRE PRESENTS MAJOR OPPORTUNITIES FOR GOLD INVESTORS Tongon, Cote d'Ivoire, 26 October 2013 - Cote d'Ivoire has the potential to become one of Sub-Saharan Africa's key exploration destinations if its government and mining companies join in a long term commitment to the development of a sustainable mining industry in the country, says Randgold Resources chief executive Mark Bristow. At a media briefing here, Bristow said the Cote d'Ivoire was highly prospective for gold and other metals but underexplored relative to some of its West African peers. In addition, it had arguably the most advanced infrastructure in the region - a key consideration for investors - as well as a competent civil service. To exploit these advantages, the Ivorian government should ensure that its mining code, currently under review, remains investor-friendly and that it acts as a partner to the mining companies in the creation of long term economic value to benefit all stakeholders. Randgold owns and operates Cote d'Ivoire's largest gold mine at Tongon and Bristow said the company's geologists were aggressively exploring its portfolio of 15 permits elsewhere in the country for further multi-million ounce gold deposits. Tongon, which went into production at the end of 2010, has already produced more than 600 000 ounces of gold and contributed more than US$50 million to the State in the form of royalties and taxes. The mine was commissioned amid the unrest that followed the disputed outcome of the presidential election and initially suffered from an erratic power supply from the Ivorian grid as well as some plant start-up issues. These were being addressed through a number of plant expansion and upgrade projects, Bristow said, and the mine's performance was steadily improving. Click on, or paste the following link into your web browser, to view the associated PDF document. http://www.rns-pdf.londonstockexchange.com/rns/4861R_1-2013-10-27.pdf RANDGOLD ENQUIRIES Chief executive Group regional manager Investor & media relations Mark Bristow West Africa Kathy du Plessis +44 788 071 1386 Mahamadou Samake +44 20 7557 7738 +223 66 75 01 22 +223 66 75 61 36 Email:randgold@dpapr.com +223 20 20 16 94 Website: www.randgoldresources.com This information is provided by RNS The company news service from the London Stock Exchange END
