Randgold: Kibali prepares to pour first gold
JERSEY, CHANNEL ISLANDS -- (Marketwired) -- 07/23/13 --
RANDGOLD RESOURCES LIMITED
Incorporated in Jersey, Channel Islands
Reg. No. 62686
LSE Trading Symbol: RRS
NASDAQ Trading Symbol: GOLD
KIBALI PREPARES TO POUR FIRST GOLD
Kinshasa, DRC, 23 July 2013 - The giant Kibali gold project in the
Democratic Republic of Congo has advanced to its immediate
preproduction development stage and final preparations are now being
made for the first gold pour, targeted for October this year.
Chief executive Mark Bristow told a media briefing here today that more
than a million tonnes of ore from the open pit mine had already been
stockpiled to feed the metallurgical plant's oxide circuit, which is
scheduled to start commissioning in the third quarter this year. All
36 power generator sets have arrived on site and the backup diesel
powerstation is on schedule, with the first six of the 15 generator
sets needed for plant start-up already commissioned. The construction
of the first hydrostation is on track for completion in quarter one of
next year and will be followed by three further stations. Work on the
underground mine is also progressing well, with the development of the
declines ahead of schedule and the vertical shaft due to reach a depth
of 183metres by year end.
In line with Randgold's policy of local employment and upskilling, 71
people from the local community as well as another 22 DRC nationals are
currently being trained as plant operators and supervisors at
Randgold's Tongon mine in Cote d'Ivoire and its Morila mine in southern
Mali. Like Randgold's other mines, Kibali's management team is being
drawn largely from host-country nationals.
In the meantime the relocation programme, one of the most complex and
sensitive parts of the project's development, is nearing completion,
with more than 3 400 families already resettled in the new model
village of Kokiza. Randgold is currently in the process of handing
over the village to a local administration.
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