Randgold Resources - Tongon turnaround continues JERSEY, CHANNEL ISLANDS -- (Marketwired) -- 07/29/13 -- Randgold Resources (LSE: RRS) (NASDAQ: GOLD) (TSX: GOLD) *T TSX: GOLD RANDGOLD RESOURCES LIMITED Incorporated in Jersey, Channel Islands Reg. No. 62686 LSE Trading Symbol: RRS NASDAQ Trading Symbol: GOLD ("Randgold Resources" and "Randgold") AS TONGON TURNAROUND CONTINUES, RANDGOLD CALLS FOR RENEWED COMMITMENT TO FUTURE OF COTE D'IVOIRE MINING Abidjan, Cote d'Ivoire, 27 July 2013 - Randgold Resources remains committed to working with the government of Cote d'Ivoire to build a sustainable mining industry in that country by using its Tongon operation as a platform from which to find and develop more world-class gold deposits, chief executive Mark Bristow said today. Bristow told a media briefing here that the current crisis in the global gold mining industry, prompted by the downturn in the gold price, was being exacerbated in Cote d'Ivoire by continuing uncertainty over the country's mining code. Consequently mining companies were withdrawing from Cote d'Ivoire or delaying or downsizing their projects there."Randgold has been in Cote d'Ivoire since the early Nineties and in that time we have seen the country face and deal with some major challenges. The government has already made significant progress in restabilising the country along with the other parties, and we are confident that the country will also weather the storm in the gold market if together we reinforce the partnership between capital, labour and the state and renew our mutual commitment to the long-term development of this industry," he said. Randgold was demonstrating its own commitment by upgrading the Tongon operation and stepping up its exploration programmes in the country, Bristow said. He noted that the company had already mobilised on the new exploration permits it had recently been granted by the government. Turning to Tongon, Bristow said after contending with operational setbacks last year, the mine was steadily improving its performance as the turnaround programme initiated by management started showing results. Click on, or paste the following link into your web browser, to view the associated PDF document. http://www.rns-pdf.londonstockexchange.com/rns/3122K_1-2013-7-29.pdf RANDGOLD ENQUIRIES Chief Executive Group regional manager West Investor & Media Mark Bristow Africa Relations +44 788 071 1386 Mahamadou Samake Kathy du Plessis +223 66 75 01 22 +223 66 75 61 36 +44 20 7557 7738 +223 20 20 16 94 Email:email@example.com Website: www.randgoldresources.com This information is provided by RNS The company news service from the London Stock Exchange END Contacts: RNS Customer Services 0044-207797-4400 firstname.lastname@example.org http://www.rns.com
Randgold Resources - Tongon turnaround continues
Press spacebar to pause and continue. Press esc to stop.