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")
VITAL MEDICAL SUPPLIES REACH DOKO IN DRC
Doko, Democratic Republic of Congo, 21 October 2010 - A shipment of
vital medical equipment and supplies was handed over today to the Durba
Referral Hospital and the Gambella Clinic in Watsa in the Haut-Uele
district of the DRC close to the Kibali Gold Project by project
developer Randgold Resources.
This shipment follows an earlier consignment of medical equipment and
supplies, which was handed over last month to the Watsa Referral
Hospital by the Deputy Governor of the Province Orientale region of the
DRC, Mr Dieudonne Arama. The total value of both shipments is US$1.7
million, according to Randgold Resources which has spearheaded the
campaign. The Governor of the Province Orientale region, Mr Medard
Autsai Senga, and Randgold Resources chief executive Mark Bristow
handed over today's shipment.
North American financial services provider BMO Capital Markets
co-sponsored the medical provisions which were sourced, packed and
freighted to the area from Nashville, Tennessee, by the US medical
charity C.U.R.E..
The supply of medical provisions to clinics is part of Randgold
Resources' community development strategy which focuses on projects
providing basic health, potable water, basic education and food
security to the communities close to its operations in Central and West
Africa. It has identified the upgrading of local clinics and hospitals
as a key priority and is collaborating with medical charities and local
healthcare authorities to deliver crucial medical equipment and
supplies to village clinics in these areas. In addition to the
donations near the Kibali Project, Randgold has funded medical supplies
to the value of US$950 000 to clinics in and around its Loulo and
Morila mines in Western Mali and is planning another donation of
medical provisions of around US$800 000 for villages in the M'Bengue
district of the Cote d'Ivoire, close to its Tongon mine development.
Speaking at the handover ceremony, Bristow said that the development of
strong local relationships was one of the cornerstones on which the
company had been built. "In Africa, it is not enough for a company to
be profitable - it also has to be a responsible corporate citizen and
a good neighbour, with a demonstrable long-term commitment to its host
country," he said."Development of the Kibali Project has already had a
positive impact on
the communities living in the area. In line with our partnership
philosophy, we have created new employment opportunities through the
establishment of community-based businesses that will supply
construction materials to the project and the new road link we have
built with Uganda has slashed living costs in the whole of the
north-eastern DRC, by substantially reducing the cost of transporting
food and other essentials there," Bristow said.
The Kibali Gold Project in the north eastern DRC is a joint venture
between Randgold Resources, AngloGold Ashanti and OKIMO and potentially
one of the world's largest gold mines.
ENQUIRIES:
Mark Bristow Willem Jacobs
Randgold CEO & Kibali chairman Randgold GM operations
+223 6675 0122/+44 788 071 1386 Central & E Africa
+27 72 614 4053/+27 82 905 6797
Louis Watum Kathy du Plessis
GM Kibali Goldmines Randgold investor & media relations
+243 994 035 464/+256 782 239 767 +44 20 7557 7738
randgoldresources@dpapr.com
Website:
www.randgoldresources.com
RANDGOLD QUALIFIED PERSONS
The information in this release related to Kibali mineral resources and
mineral reserves is documented in the Technical Report (NI 43-101),
Kibali Gold Project, in the Democratic Republic of Congo, dated 20th
May 2010 and is currently available under Randgold's profile on the
SEDAR website at www.sedar.com. The open pit reserve estimate was
carried out by Mr Quinton de Klerk, a director of Cube Consulting Pty
Ltd. a Qualified Person under National Instrument 43-101 - Standards of
Disclosure for Mineral Projects of the Canadian Securities
Administrators ('NI 43-101') while the underground reserves were
generated by Mr Paul Kerr, a senior consultant (Underground Mining)
employed by SRK Consulting Pty Ltd.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: Except for the
historical information contained herein, the matters discussed in this
news release are forward-looking statements within the meaning of
Section 27A of the US Securities Act of 1933 and Section 21E of the US
Securities Exchange Act of 1934, and applicable Canadian securities
legislation. Forward-looking statements include, but are not limited
to, statements with respect to the future price of gold, the estimation
of mineral reserves and resources, the realisation of mineral reserve
estimates, the timing and amount of estimated future production, costs
of production, reserve determination and reserve conversion rates.
Generally, these forward-looking statements can be identified by the
use of forward-looking terminology such as 'will', 'plans', 'expects'
or 'does not expect', 'is expected', 'budget', 'scheduled','estimates',
'forecasts', 'intends', 'anticipates' or 'does not
anticipate', or 'believes', or variations of such words and phrases or
state that certain actions, events or results 'may', 'could',
'would','might' or 'will be taken', 'occur' or 'be achieved'. Assumptions
upon
which such forward-looking statements are based are in turn based on
factors and events that are not within the control of Randgold and
there is no assurance they will prove to be correct. Forward-looking
statements are subject to known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity,
performance or achievements of Randgold (including Kibali) to be
materially different from those expressed or implied by such
forward-looking statements, including but not limited to: risks related
to the integration of Randgold and Moto, risks related to mining
operations, including political risks and instability and risks related
to international operations, actual results of current exploration
activities, conclusions of economic evaluations, changes in project
parameters as plans continue to be refined, as well as those factors
discussed in the section entitled 'Risk Factors' in Randgold's annual
report on Form 20-F for the year ended 31 December 2009 which was filed
with the US Securities and Exchange Commission (the 'SEC') on 31 March
2010, and in the section entitled 'Risk Factors' in Randgold's
prospectus published on 30 November 2009 in relation to the indirect
acquisition of 10 per cent of the issued capital of Kibali Goldmines
SPRL. Although Randgold has attempted to identify important factors
that could cause actual results to differ materially from those
contained in forward-looking statements, there may be other factors
that cause results not to be as anticipated, estimated or intended.
There can be no assurance that such statements will prove to be
accurate, as actual results and future events could differ materially
from those anticipated in such statements. Accordingly, readers should
not place undue reliance on forward-looking statements. Randgold does
not undertake to update any forward-looking statements herein, except
in accordance with applicable securities laws.
CAUTIONARY NOTE TO US INVESTORS: the SEC permits companies, in their
filings with the SEC, to disclose only proven and probable ore
reserves. We use certain terms in this release, such as 'resources',
that the SEC does not recognise and strictly prohibits us from
including in our filings with the SEC. Investors are cautioned not to
assume that all or any parts of our resources will ever be converted
into reserves which qualify as 'proven and probable reserves' for the
purposes of the SEC's Industry Guide number 7.
This information is provided by RNS
The company news service from the London Stock Exchange
END
Contact Information: Contacts: RNS Customer Services 0044-207797-4400 http://www.rns.com