From the Wires
Randgold Resources Ld -Tongon heads back to normal
By: Marketwired .
Jan. 21, 2013 02:07 AM
JERSEY, CHANNEL ISLANDS -- (Marketwire) -- 01/21/13 --
RANDGOLD RESOURCES LIMITED Incorporated in Jersey, Channel Islands Reg. No. 62686 LSE Trading Symbol: RRS NASDAQ Trading Symbol: GOLD POST-FIRE TONGON HEADS BACK TO NORMAL Abidjan, Cote d'Ivoire, 19 January 2013 - Production at Randgold Resources' Tongon mine in Cote d'Ivoire is returning to normal after a fire in the mill section of its plant three weeks ago, the company said today. Both mill circuits are expected to be fully operational within 2 weeks and, despite a series of setbacks, the mine produced 210 000 ounces of gold in 2012. Speaking to journalists in Abidjan today, Randgold chief executive Mark Bristow said Tongon exemplified the company's long-term vision and its tenacity of purpose. The mine's development had been given the go-ahead at a time of political volatility in Cote d'Ivoire; it had been commissioned in the climate of confusion created by the disputed presidential election; it had contended with the disruption of frequent power outages; and now it was overcoming the effects of the fire."Tongon represents the biggest single investment to date in this part of Cote d'Ivoire, and when we made that investment, we invested not only in a mine but in this country," Bristow said. "We are currently exploring our extensive tenements elsewhere in Cote d'Ivoire and we hope to discover further multi-million ounce gold deposits here and, with the support of the government, to develop these into world-class mines." Bristow said Randgold's policy of partnering with its host countries and sharing the value it created equitably among its stakeholders was the key to its success in Africa. RANDGOLD RESOURCES ENQUIRIES: Chief Executive Financial Director Mark Bristow Graham Shuttleworth +223 66 75 01 22 / +44 788 071 +44 1534 735 333 / +44 779 771 1338 1386 Group regional manager West Investor & Media Relations Africa Kathy du Plessis Mahamadou Samake +44 20 7557 7738 / +223 66 75 61 36 / +223 20 20 firstname.lastname@example.org 16 94 Website: www.randgoldresources.com Click on, or paste the following link into your web browser, to view the associated PDF document. http://www.rns-pdf.londonstockexchange.com/rns/9675V_1-2013-1-21.pdf This information is provided by RNS The company news service from the London Stock Exchange END
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