SOURCE: Randgold Resources Ld

September 13, 2012 11:55 ET

Community Sees Kibali Progress

JERSEY, CHANNEL ISLANDS--(Marketwire - Sep 13, 2012) -


RANDGOLD RESOURCES LIMITED
Incorporated in Jersey, Channel Islands
Reg. No. 62686
LSE Trading Symbol: RRS
Nasdaq Trading Symbol: GOLD

COMMUNITY SEES KIBALI PROGRESS

Kinshasa, Democratic Republic of Congo, 13 September 2012 - Randgold
Resources held an open day today at the giant Kibali gold project to
update community leaders, including religious leaders, businessmen and
local administrators, on the progress that has been made with
development of the mine, which remains on track for first gold
production towards the end of 2013.

Mark Bristow, chief executive of project developer and 45% shareholder
Randgold Resources, said the open day was organised in line with the
company's philosophy of active and transparent engagement with the
community.

The event was used to update attendees on the overall development, the
current status of the relocation action plan, which involves the
resettlement of some 14 villages to the new model town of Kokiza, the
job creation potential and business opportunities that will be created
and other community projects currently being developed. Kokiza will
ultimately accommodate 3800 families, and construction of all their
homes, as well as a civic infrastructure which will include schools,
clinics, shops and churches, is progressing rapidly.

Senior management also used the day as an opportunity to address
queries from delegates and to share with them the challenges
encountered, which Bristow said had been overcome in large measure
because of the support and cooperation Randgold had received from the
community and the authorities. Bristow said Kibali was a national
asset, of which the DRC government owns 10%, and encouraged the
community to take full advantage of the many economic opportunities it
will generate.

The completed Kibali operation will comprise an integrated underground
and open pit mine, a twin-circuit sulphide and oxide plant with a
designed throughput of 6 million ounces per annum, and four
self-constructed hydropower stations as well as a standby high-speed
thermal power generator for back-up during the dry season.

ENQUIRIES:

Mark Bristow
Kibali chairman & Randgold Resources CEO
+223 6675 0122 / +44 788 071 1386

Willem Jacobs
Randgold GM operations Central & East Africa
+243 991 001 222

Louis Watum
GM Kibali Goldmines
 +243 994 035464 / +243 817 153 062

Kathy du Plessis
Randgold investor & media relations
+44 20 7557 7738 /  randgoldresources@dpapr.com 


Website:
 www.randgoldresources.com 

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: Except for the
historical information contained herein, the matters discussed in this
news release are forward-looking statements within the meaning of
Section 27A of the US Securities Act of 1933 and Section 21E of the US
Securities Exchange Act of 1934, and applicable Canadian securities
legislation. Forward-looking statements include, but are not limited
to, statements with respect to the future price of gold, the estimation
of mineral reserves and resources, the realisation of mineral reserve
estimates, the timing and amount of estimated future production, costs
of production, reserve determination and reserve conversion rates.
Generally, these forward-looking statements can be identified by the
use of forward-looking terminology such as 'will', 'plans', 'expects'
or 'does not expect', 'is expected', 'budget', 'scheduled','estimates',
'forecasts', 'intends', 'anticipates' or 'does not
anticipate', or 'believes', or variations of such words and phrases or
state that certain actions, events or results 'may', 'could',
'would','might' or 'will be taken', 'occur' or 'be achieved'. Assumptions
upon
which such forward-looking statements are based are in turn based on
factors and events that are not within the control of Randgold and
there is no assurance they will prove to be correct. Forward-looking
statements are subject to known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity,
performance or achievements of Randgold to be materially different from
those expressed or implied by such forward-looking statements,
including but not limited to: risks related to the integration of
Randgold and Moto, risks related to mining operations, including
political risks and instability and risks related to international
operations, actual results of current exploration activities,
conclusions of economic evaluations, changes in project parameters as
plans continue to be refined, as well as those factors discussed in the
section entitled 'Risk Factors' in Randgold's annual report on Form
20-F for the year ended 31 December 2011 which was filed with the US
Securities and Exchange Commission (the 'SEC') on 31 March 2012.
Although Randgold has attempted to identify important factors that
could cause actual results to differ materially from those contained in
forward-looking statements, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can be
no assurance that such statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking statements. Randgold does not
undertake to update any forward-looking statements herein, except in
accordance with applicable securities laws.

CAUTIONARY NOTE TO US INVESTORS: the SEC permits companies, in their
filings with the SEC, to disclose only proven and probable ore
reserves. We use certain terms in this release, such as 'resources',
that the SEC does not recognise and strictly prohibits us from
including in our filings with the SEC. Investors are cautioned not to
assume that all or any parts of our resources will ever be converted
into reserves which qualify as 'proven and probable reserves' for the
purposes of the SEC's Industry Guide number 7.

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

END

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