SOURCE: Randgold Resources

February 16, 2011 12:29 ET

Randgold Resources Sets Record Straight on Greenhouse Gas Emissions

JERSEY, CHANNEL ISLANDS--(Marketwire - February 16, 2011) -  Randgold Resources (NASDAQ: GOLD) (LSE: RRS)

RANDGOLD RESOURCES LIMITED
Incorporated in Jersey, Channel Islands
Reg. No. 62686
LSE Trading Symbol: RRS
Nasdaq Trading Symbol: GOLD
('Randgold Resources', 'Randgold' or the 'company')

London, 16 February 2011  -- Randgold Resources said today its rating in the Environmental Investment Organisation's Carbon Rankings Report was based on incorrect information and that the EIO's claim that the data on which the company's ranking was based had to be inferred because Randgold did not disclose its greenhouse gas emissions was unfounded.

Rod Quick, the company's general manager: evaluation and environment, pointed out that Randgold had filed its greenhouse emission figures for 2007, 2008 and 2009 as part of the 2010 Carbon Disclosure Project and that these were consequently a matter of public record and could be viewed at https://www.cdproject.net. The company will publish its 2010 figures next month and is participating in the 2011 Carbon Disclosure Project due in May this year.

Had the correct figures been used for the EIO survey, Randgold would have ranked significantly higher, and it would have been apparent that it compares well to its peers in the mining industry. For the record, the key 2009 figures are that its financial GHG emissions intensity, reported on an equity basis, was 475 metric tonnes CO² equivalent per US$ million revenue. On an operating basis, the figure was 787 metric tonnes CO² equivalent per US$ million equivalent. The company's total gross Scope 1 and Scope 2 GHG emissions were calculated using 'The Greenhouse Gas Protocol: A Corporate Accounting and Reporting Standard' and were 347 880 metric tonnes CO² equivalent for the year.

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http://www.rns-pdf.londonstockexchange.com/rns/3658B_1-2011-2-16.pdf

This information is provided by RNS
The company news service from the London Stock Exchange

Contact Information

  • RANDGOLD RESOURCES ENQUIRIES:

    Chief Executive
    Mark Bristow
    +44 788 071 1386
    +44 779 775 2288

    GM Evaluation & Environment
    Rodney Quick
    +27 82 886 9851
    +223 6674 7257

    Investor & Media Relations
    Kathy du Plessis
    +44 20 7557 7738
    Email: Email Contact

    Website: www.randgoldresources.com