SOURCE: Randgold Resources Ld

July 19, 2011 11:09 ET

Randgold - Kibali relocation programme starts

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


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


KIBALI RELOCATION STARTS, PAVING WAY FOR PROJECT'S CONSTRUCTION PHASE

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."The first of these milestones was to connect this region to the
outside world. The second was to increase the ore reserves and
optimise the development plan for the mine. The third was to find a
way of generating electrical power economically. The fourth was to
engage in consultation with all the affected parties so that we could
clear the site to build the mine, guided by the principle that all the
people to be relocated should be better off than they were before.
Thanks to the enthusiastic participation and support of all concerned,
this is now being achieved," he said.

Bristow said the relocation programme, like all other aspects of the
Kibali development, reflected the company's partnership philosophy,
based on the belief that all stakeholders, including the local
community, should benefit from its activities.


ENQUIRIES:

Mark Bristow                      Willem Jacobs
Kibali chairman & Randgold        Randgold GM operations Central & East
Resources CEO                     Africa
+223 6675 0122/+44 788 071 1386   +27 72 614 4053/+27 82 905 6797

Louis Watum                       Kathy du Plessis
GM Kibali Goldmines               Randgold investor & media relations
+243 994 035464/+256 782 239767   +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 operating the Tongon
mine in Cote d'Ivoire, 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 Randgold's filings with the US Securities
and Exchange Commission (the 'SEC'), including in the section entitled'Risk Factors' in Randgold's annual report on Form 20-F for the year
ended 31 December 2010 which was filed with the US Securities and
Exchange Commission (the 'SEC') on 31 March 2011. 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

Contact Information