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Press release from Marketwire

Randgold Resources Ld: Major effort delivers early start-up for Kibali

Tuesday, September 24, 2013

Randgold Resources Ld: Major effort delivers early start-up for Kibali

09:15 EDT Tuesday, September 24, 2013

JERSEY, CHANNEL ISLANDS--(Marketwired - September 24, 2013) - Randgold Resources Ld (LSE: RRS)


TSX- GOLDRANDGOLD RESOURCES LIMITEDIncorporated in Jersey, Channel IslandsReg. No. 62686LSE Trading Symbol: RRSNASDAQ Trading Symbol: GOLDMAJOR EFFORT DELIVERS EARLY START-UP FOR KIBALIKibali, DRC, 24 September 2013 - The giant Kibali gold project in theDemocratic Republic of Congo today officially poured its first bar ofgold in a ceremony attended by Congolese officials includingrepresentatives from the Provincial Government and various ministriesand the offices of the President and Prime Minister, traditionalleaders as well as executives of the parastatal SOKIMO and the jointventure partners Randgold Resources and AngloGold Ashanti.The mine has been brought into production ahead of schedule after amassive operation which included the resettlement of more than 4000families to a new model village and the substantial upgrading of thelocal infrastructure. The construction process alone has required ateam of more than 7000 people on site at one time.Randgold is developing and operating the mine, which with a projectedannual production of some 600000ounces of gold, reserves of11millionounces and resources of 21millionounces will rank as oneof the largest of its kind in Africa. The mine is being developed intwo concurrent phases at an estimated initial cost of US$1.7billion,starting as an open pit operation, with the underground mine, alreadywell advanced, scheduled to access ore in 2015.Speaking at the ceremony, Randgold's general manager operations forCentral and East Africa, Willem Jacobs, said that in line withRandgold's partnership philosophy, the mine was destined to be anenormous economic boon to its Congolese stakeholders: the state, whichhas a 10% interest in Kibali through SOKIMO, the Province Orientale,where Kibali is located, and the local community.Click on, or paste the following link into your web browser, to view theassociated PDF document. This information is provided by RNS The company news service from the London Stock ExchangeEND


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