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Randgold sees prosperous future ahead with Mali

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 END