JOHANNESBURG, July 31, 2003 (PRIMEZONE) -- Following his appointment to the Randgold & Exploration (JSE:RNG) (Nasdaq:RANGY) board, Brett Kebble has resigned as a director of Randgold Resources (LSE:RRS) (Nasdaq:GOLD), the London and Nasdaq-listed company in which Randgold & Exploration has a 43% interest.
It was announced earlier this week that Randgold & Exploration was set to become the vehicle for the JCI group's mining interests after its black economic empowerment deal with Phikoloso Mining.
"We understand Brett's decision and commend him for his contribution to the revitalisation of the once moribund Randgold Group and to the transformation of the South African mining industry in the 90s. His entrepreneurial drive helped enable the birth of Randgold Resources and the Group's support was critical when we embarked on our biggest challenge to date, the development of the Morila mine," said Randgold Resources chief executive Dr Mark Bristow.
Issued on behalf of Randgold Resources Limited by du Plessis Associates. dPA contact Kathy du Plessis - Tel: +27 11 728 4701, or e-mail randgoldresources@dpapr.com.
website: www.randgoldresources.com
DISCLAIMER: Statements made in this release with respect to Randgold Resources' current plans, estimates, strategies and beliefs and other statements that are not historical facts are forward-looking statements about the future performance of Randgold Resources. These statements are based on management's assumptions and beliefs in light of the information currently available to it. Randgold Resources cautions you that a number of important risks and uncertainties could cause actual results to differ materially from those discussed in the forward-looking statements, and therefore you should not place undue reliance on them. The potential risks and uncertainties include, among others, risks associated with: fluctuations in the market price of gold, gold production at Morila, estimates of reserves and mine life and liabilities arising from the closure of Syama. Randgold Resources assumes no obligation to update information in this release.
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