JERSEY, CHANNEL ISLANDS--(Marketwire - Jul 25, 2012) -
RANDGOLD RESOURCES LIMITED Incorporated in Jersey, Channel Islands Reg. No. 62686 LSE Trading Symbol: RRS Nasdaq Trading Symbol: GOLD ("Randgold Resources" or "Randgold") MINING STARTS AT KIBALI AS PARTNERSHIP CONTINUES TO DELIVER PROGRESS Kinshasa, Democratic Republic of Congo, 25 July 2012 - Open pit mining has started at the giant Kibali gold project in the DRC, which remains on track for first production towards the end of next year. At the same time, decline development for the underground mine has commenced with a boxcut to open up the tunnel portals, while terracing for the metallurgical plant, earthworks for the first of four hydropower stations and infrastructure construction are all progressing well. Thirteen excavators and 53 trucks are working round the clock and up to the end of June, more than 500000m3 of soil had been excavated and 100 000m3 of fill exceeded. Manufacturing of the mills and hydro turbines is 85% complete and more than 1000 tonnes of structural steel and platework is en route to the site. The project currently employs some 3500 people, of whom 700 are housed on site. The resettlement programme, clearing the site for development, is also on schedule, with 774 families already relocated to the new model village of Kokiza. 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. Mark Bristow, chief executive of project developer and 45% shareholder Randgold Resources, said today that all the challenges presented by a multi-faceted world-class project in a remote part of Africa had thus far been successfully overcome, thanks in large measure to the productive co-operation between Kibali and the DRC government, which owns 10% of Kibali."The DRC had for years tried to interest the major mining companies in this project but all were daunted by its scale and location. When we came on board in 2009 our first step was to engage the State in a partnership, and the extent to which both parties have delivered on their commitment is evident in Kibali's brisk rate of development," 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/4950I_1-2012-7-25.pdf This information is provided by RNS The company news service from the London Stock Exchange END
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