SOURCE: Randgold Resources

January 24, 2011 10:06 ET

Randgold Resources -- Partnership in Progress Keeps Kibali on Fast Track

JERSEY, CHANNEL ISLANDS--(Marketwire - January 24, 2011) - Randgold Resources (NASDAQ: GOLD) (LSE: RRS)

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

Kinshasa, Democratic Republic of Congo All key pre-production targets set for 2010 have been met by the Kibali development team and the giant gold project is on track for the start-up of construction by the middle of the year, six months earlier than originally scheduled.

Mark Bristow, chief executive of project manager and joint owner Randgold Resources, said here today that the active participation and support of a wide range of interest groups, including the local community, the regional and national governments and the Catholic Church, were a key factor in the continuing steady progress of the project.

This cooperation has among other things been instrumental in the successful finalisation of the public participation process regarding the Relocation Action Programme (RAP), a sensitive and complex exercise that involves the relocation of some 3 800 families. The implementation of the RAP is already under way, with the acquisition from the State of the site for a new town, to be known as Kokiza, as well as farmland. Model homes have been built and the process of house selection by each of the families involved has started. Kibali and the Catholic Church have signed a protocol in terms of which the local church will be moved from the mine site to the new town so that it may remain at the heart of the resettled community.

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Contact Information

    Mark Bristow
    Kibali chairman & Randgold Resources CEO
    +223 6675 0122 / +44 788 071 1386

    Louis Watum
    GM Kibali Goldmines
    +243 994 035 464 / +256 782 239 767

    Willem Jacobs
    Randgold Resources GM operations Central & E Africa
    +27 72 614 4053 / +27 82 905 6797

    Kathy du Plessis
    Randgold investor & media relations
    +44 20 7557 7738
    Email Contact