Randgold Resources Ld -Tongon heads back to normal
JERSEY, CHANNEL ISLANDS, Jan 21, 2013 (Menafn - Marketwire via COMTEX) --RANDGOLD RESOURCES LIMITEDIncorporated in Jersey, Channel IslandsReg. No. 62686LSE Trading Symbol: RRSNASDAQ Trading Symbol: GOLD
POST-FIRE TONGON HEADS BACK TO NORMAL
Abidjan, Cote d'Ivoire, 19 January 2013 - Production at RandgoldResources' Tongon mine in Cote d'Ivoire is returning to normal after afire in the mill section of its plant three weeks ago, the company saidtoday. Both mill circuits are expected to be fully operational within2 weeks and, despite a series of setbacks, the mine produced 210 000ounces of gold in 2012.
Speaking to journalists in Abidjan today, Randgold chief executive MarkBristow said Tongon exemplified the company's long-term vision and itstenacity of purpose. The mine's development had been given thego-ahead at a time of political volatility in Cote d'Ivoire; it hadbeen commissioned in the climate of confusion created by the disputedpresidential election; it had contended with the disruption of frequentpower outages; and now it was overcoming the effects of the fire."Tongonrepresents the biggest single investment to date in this partof Cote d'Ivoire, and when we made that investment, we invested notonly in a mine but in this country," Bristow said. "We are currentlyexploring our extensive tenements elsewhere in Cote d'Ivoire and wehope to discover further multi-million ounce gold deposits here and,with the support of the government, to develop these into world-classmines."
Bristow said Randgold's policy of partnering with its host countriesand sharing the value it created equitably among its stakeholders wasthe key to its success in Africa.
RANDGOLD RESOURCES ENQUIRIES:
Chief Executive Financial DirectorMark Bristow Graham Shuttleworth223 66 75 01 22 / 44 788 071 44 1534 735 333 / 44 779 771 13381386
Group regional manager West Investor & Media RelationsAfrica Kathy du PlessisMahamadou Samake 44 20 7557 7738 /223 66 75 61 36 / 223 20 20 firstname.lastname@example.org 94
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SOURCE: Randgold Resources Ld
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