SOURCE: Randgold Resources Ld

September 24, 2013 08:53 ET

Randgold Resources Ltd: Kibali pours first gold ahead of schedule

JERSEY, CHANNEL ISLANDS--(Marketwired - Sep 24, 2013) - Randgold Resources Ltd (LSE: RRS) (NASDAQ: GOLD)


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


Denver, Colorado, 24 September 2013 - The giant Kibali gold project
in the Democratic Republic of Congo has successfully started production
well ahead of its original year-end target and still in line with
capital forecasts, Mark Bristow, chief executive of part-owner Randgold
Resources, which is developing and operating the project, announced
here today.

Prior to speaking at the annual Denver Gold Forum, Bristow said that
the Randgold development team had only moved on site in January 2010,
and since then had built a world-class gold mine in one of Africa's
remotest regions, in the process more than doubling its reserves to
11millionounces and increasing its resources to 21 million-plus
ounces."It has been an enormous feat of geology, metallurgy, engineering
and logistics, as well as negotiation and diplomacy, and its success is a
tribute to the Randgold team as well as the Congolese authorities, the
local community and our business partners, contractors and suppliers,"
he said. Kibali represents an initial investment of US$1.7billion by
Randgold and its partner, AngloGold Ashanti.

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