SOURCE: Randgold Resources Ld

October 24, 2012 09:06 ET

Mills head to Kibali as development progresses

JERSEY, CHANNEL ISLANDS--(Marketwire - Oct 24, 2012) -


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Kinshasa, DRC, 24 October 2012 - Indicative of the steady progress
being made with the development of the Kibali gold project, two giant 7
megawatt mills are currently being trucked halfway across Africa, from
the east coast port of Mombasa to the mine site at Doko in the north
east of the Democratic Republic of Congo. The Kibali mine will be one
of the largest of its kind in Africa when it pours its first gold,
scheduled for the end of 2013.

The mills, a key component of the production plant at Kibali, are each
being transported in three massive sections. Each mill weighs
170tonnes and is 9.5 metres long and 6.1 metres in diameter and when
installed will be capable of milling a combined 7.2 million tonnes a
year. Manufactured in Europe, they were landed at the port of Mombasa
on 20October and are due to arrive at the mine site at the end of
November after a 1800 kilometre road trip. The mills are expected to
be set on their foundations at the plant early next year.

In the meantime, open pit mining is already underway at Kibali. In
addition, the box cut for the project's underground twin decline
section is almost complete and in the fourth quarter of this year work
is scheduled to start on the development of the twin declines and the
sinking of the vertical shaft. The relocation programme, designed to
rehouse the villagers from the mine area in the new model Kokiza
village, is also progressing rapidly. New houses are being built at
the rate of 45a week and more than 1000 families have been resettled
to date. This means that the whole mine footprint has now effectively
been cleared for development.

Kibali is being developed by project co-owner RandgoldResources, which
will also operate the mine. Randgold already operates the Morila mine
and the Loulo-Gounkoto complex in Mali as well as the Tongon mine in

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