SOURCE: Randgold Resources
November 18, 2016 03:29 ET
JERSEY, CHANNEL ISLANDS--(Marketwired - Nov 18, 2016) - Randgold Resources (LSE: RRS) (NASDAQ: GOLD)
RANDGOLD RESOURCES LIMITED
Incorporated in Jersey, Channel Islands
Reg. No. 62686
LSE Trading Symbol: RRS
NASDAQ Trading Symbol: GOLD
RANDGOLD AND NEWCREST JOIN FORCES TO EXPAND EXPLORATION IN CÔTE D'IVOIRE
London, 18 November 2016 - Randgold Resources and Newcrest have signed a heads of agreement to establish a joint venture for the exploration, development and mining of mineral resources in an area of interest in the south-east of Côte d'Ivoire. The area covers the extension of some of the more prolific Ghanaian gold belts and associated structures.
Randgold will manage the exploration programme as well as any mines that it produces. A technical committee of senior geologists from both companies will work closely with the Randgold exploration team and a joint venture board will oversee the exploration programme and any consequent development projects.
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