Jersey, Channel Islands -- (MARKET WIRE) -- April 30, 2007 --
RANDGOLD RESOURCES LIMITED
Incorporated in Jersey, Channel Islands
Reg. No. 62686
LSE Trading Symbol: RRS
Nasdaq Trading Symbol: GOLD
RANDGOLD RESOURCES NAMES SHUTTLEWORTH AS NEW CFO
Jersey, Channel Islands, 30 April 2007 (LSE:RRS)(Nasdaq:
GOLD) - London
and Nasdaq listed gold miner Randgold Resources has appointed Graham
Shuttleworth as chief financial officer and financial director.
Shuttleworth, who will take up his new position on 1 July 2007 is
currently the New York-based head of metals and mining for the Americas
in the global investment banking division of HSBC.
The 38-year-old Shuttleworth, a qualified chartered accountant, was
corporate finance manager of the South African Randgold & Exploration
group at a time when it included eight listed gold companies, among them
Randgold Resources. He joined HSBC in 2000, where he has led or been
involved in a wide range of major mining industry transactions, including
Randgold Resources' Nasdaq listing, its bid for Ashanti Goldfields and
its 2002 US$110 million equity offering.
"Graham has been closely associated with Randgold Resources since its
inception, originally as part of the management team and subsequently as
an advisor. He brings to his new position not only an intimate
understanding of the company but also a wealth of investment banking
experience gained at a high level in London and New York," said chief
executive Mark Bristow.
Shuttleworth succeeds Roger Williams who has spent 10 years with the
company, the last five as CFO. Paying tribute to the contribution
Williams made at Randgold Resources, Bristow said: "Roger played an
integral role in and served the company selflessly during its critical
formative years. While he will be missed, we sympathise with his desire
to pursue an opportunity where he can devote more time to his young
family in South Africa. Roger will stay with the company until the end
of July to ensure a smooth handover."
RANDGOLD RESOURCES ENQUIRIES:
Chief Executive Investor & Media Relations
Dr Mark Bristow Kathy du Plessis
+44 779 775 2288 +27 11 728 4701
+44 788 071 1386 Cell: +27 83 266 5847
Email: randgoldresources@dpapr.com
Website:
www.randgoldresources.com
DISCLAIMER: Statements made in this document with respect to Randgold
Resources' current plans, estimates, strategies and beliefs and other
statements that are not historical facts are forward-looking statements
about the future performance of Randgold Resources. These statements are
based on management's assumptions and beliefs in light of the information
currently available to it. Randgold Resources cautions you that a number
of important risks and uncertainties could cause actual results to differ
materially from those discussed in the forward-looking statements, and
therefore you should not place undue reliance on them. The 2005 annual
report notes that the financial statements do not reflect any provisions
or other adjustments that might arise from the claims and legal
process initiated by Loulo against MDM. Other potential risks and
uncertainties include risks associated with: fluctuations in the market
price of gold, gold production at Morila, the development of Loulo and
estimates of resources, reserves and mine life. For a discussion on such
other risk factors refer to the annual report on Form 20-F for the year
ended 31 December 2005 which was filed with the United States Securities
and Exchange Commission (the 'SEC') on 29 June 2006. Randgold Resources
assumes no obligation to update information in this release. 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