SOURCE: Randgold Resources Ld

October 28, 2013 03:20 ET

Randgold Resources Ld: Ivory Coast major opportunity for gold investors

JERSEY, CHANNEL ISLANDS--(Marketwired - Oct 28, 2013) -

 Randgold Resources Ld (TSX: GOLD) (LSE: RRS) (NASDAQ: GOLD)


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


Tongon, Cote d'Ivoire, 26 October 2013 - Cote d'Ivoire has the
potential to become one of Sub-Saharan Africa's key exploration
destinations if its government and mining companies join in a long term
commitment to the development of a sustainable mining industry in the
country, says Randgold Resources chief executive Mark Bristow.

At a media briefing here, Bristow said the Cote d'Ivoire was highly
prospective for gold and other metals but underexplored relative to
some of its West African peers. In addition, it had arguably the most
advanced infrastructure in the region - a key consideration for
investors - as well as a competent civil service. To exploit these
advantages, the Ivorian government should ensure that its mining code,
currently under review, remains investor-friendly and that it acts as a
partner to the mining companies in the creation of long term economic
value to benefit all stakeholders.

Randgold owns and operates Cote d'Ivoire's largest gold mine at Tongon
and Bristow said the company's geologists were aggressively exploring
its portfolio of 15 permits elsewhere in the country for further
multi-million ounce gold deposits. Tongon, which went into production
at the end of 2010, has already produced more than 600 000 ounces of
gold and contributed more than US$50 million to the State in the form
of royalties and taxes. The mine was commissioned amid the unrest that
followed the disputed outcome of the presidential election and
initially suffered from an erratic power supply from the Ivorian grid
as well as some plant start-up issues. These were being addressed
through a number of plant expansion and upgrade projects, Bristow said,
and the mine's performance was steadily improving.

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Chief executive  Group regional manager   Investor & media relations
Mark Bristow     West Africa              Kathy du Plessis
+44 788 071 1386 Mahamadou Samake         +44 20 7557 7738
+223 66 75 01 22 +223 66 75 61 36
                 +223 20 20 16 94


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