SOURCE: Randgold Resources Ld

July 19, 2011 11:10 ET

Randgold Kibali relocation programme starts

JERSEY, CHANNEL ISLANDS--(Marketwire - Jul 19, 2011) -

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


Kibali, Democratic Republic of Congo, 19 July 2011 - The Kibali
relocation programme has started with the move of the first people from
within the giant gold project's development zone to the specially
designed and built model town of Kokiza, which has been established to
provide a new home for the residents of the 14 affected villages.

Kokiza will ultimately consist of more than 3 500 houses accommodating
about 15 000 people, a Catholic Church complex and other places of
worship, schools, 7 medical centres, 5 public market places and a
government office. In addition, a transport infrastructure is being
created to serve the town, with more than 50 kilometres of primary
roads and 20 kilometres of secondary roads already constructed.

Randgold Resources chief executive Mark Bristow said today the
successful initiation of the relocation programme marked the latest
major milestone in the development of Kibali, which is likely to rank
as the largest gold mine in Africa outside South Africa, as it cleared
the way for construction to start on site. Randgold (LSE: RRS)
(NASDAQ: GOLD) is managing the development and will be operating the
project, in which it has a 45% stake, with AngloGold Ashanti (JSE: ANG)
(NYSE: AU) (ASX: AGG) (LSE: AGD) (GhSE:AGA/AAD) holding 45% and the DRC
parastatal Sokimo owning the 10% balance.


Mark Bristow                                Willem Jacobs
Kibali chairman & Randgold Resources CEO    Randgold GM operations
+223 6675 0122/+44 788 071 1386             Central & East Africa
                                            +27 72 614 4053/+27 82 905

Louis Watum                                 Kathy du Plessis
GM Kibali Goldmines                         Randgold investor & media
+243 994 035464/+256 782 239767             relations
                                            +44 20 7557 7738

To view the full announcement visit the
company website: 

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