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Press release from Marketwire

Randgold sees prosperous future ahead with Mali

Thursday, August 01, 2013

Randgold sees prosperous future ahead with Mali

11:34 EDT Thursday, August 01, 2013

JERSEY, CHANNEL ISLANDS--(Marketwired - August 01, 2013) -

TSX - GOLDRANDGOLD RESOURCES LIMITEDIncorporated in Jersey, Channel IslandsReg. No. 62686LSE Trading Symbol: RRSNASDAQ Trading Symbol: GOLD("Randgold Resources", "the company" and "Randgold")RANDGOLD SEES PROSPEROUS FUTURE AHEAD WITH MALIBamako, Mali, 1 August 2013 - Randgold Resources and Mali arestrongly positioned to deal with the downturn in the gold price whichhas plunged much of the gold mining industry into crisis, chiefexecutive Mark Bristow said today.Speaking at a media briefing here, Bristow said the country and thecompany had a long history of a mutually beneficial partnership andtogether they had overcome many challenges, not all of them economic.Through some difficult times, Randgold had retained its belief in Maliand in the Malian people's ability to solve the country's problems andthis confidence had once again been vindicated by the previous week'speaceful presidential election.Bristow cited the Malian government's recent decision to waive itsroyalties for the 22month duration of the Morila pit pushback project,as an example of fruitful cooperation between state and capital. Thiswill enable a more equitable share for investors and the State whileextending the mine's life by a further two years and securing theemployment of almost 1000 workers until early 2015. In combinationwith a tailings retreatment project, this will also help fund theeventual rehabilitation of the mine site, as well as the establishmentof a sustainable agribusiness to provide economic opportunity for thelocal community. The development of this business is already faradvanced."The discovery and development of Morila was the foundation onwhichRandgold built its company, as well as Mali's growth into a majorAfrican gold producer. Since it went into production in 2001, Morilahas produced more than 6million ounces of gold at an average cost ofless than USD300perounce and contributed more than USD1billiondirectly to the Malian treasury," Bristow said.Click on, or paste the following link into your web browser, to viewthe associated PDF document. This information is provided by RNS The company news service from the London Stock ExchangeEND


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