Randgold Resources Ld: Kibali gold mine poised to deliver
JERSEY, CHANNEL ISLANDS -- (Marketwired) -- 04/16/13 -- *T
RANDGOLD RESOURCES LIMITED
Incorporated in Jersey, Channel Islands
Reg. No. 62686
LSE Trading Symbol: RRS
NASDAQ Trading Symbol: GOLD
("Randgold Resources" or "Randgold")
KIBALI POISED TO DELIVER
Kinshasa, DRC, 16 April 2013 - The giant Kibali gold project in the
Democratic Republic of Congo is steadily nearing the stage where it
will start to deliver value to its stakeholders and to support the
economic growth of the DRC, says developer and co-owner Randgold
Speaking at a media presentation here today, chief executive Mark
Bristow said the Randgold projects team was fully focused on its target
of producing Kibali's first bar of gold before the end of this year.
At the same time, the operational team who will run the mine is being
marshalled. In line with Randgold's philosophy of local employment and
empowerment, Kibali's general manager and most of its senior managers
will all be Congolese nationals.
When the combined open pit and underground mining operation is running
at full capacity, Kibali will be processing 7 million tonnes of ore per
year to produce around 600000 ounces of gold, making it one of the
largest gold mines in Africa. Open pit mining is already underway to
build up the ore stockpile which currently stands at 600000 tonnes.
The projects team is also pressing ahead with the underground mine
development, and work on the decline and the vertical shaft is
progressing rapidly."We are not just building a world-class mine here,
we've also expanded and upgraded the regional infrastructure,
which is already benefiting
the Orientale province where Kibali is located. We're also rehousing
the local community in a model village which, when it is completed by
the middle of the year, will comprise 4000 new homes with access to
water and power, as well as clinics, schools and churches," Bristow
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