30th May 2007 17:28
Randgold Resources Ld30 May 2007 RANDGOLD RESOURCES LIMITEDIncorporated in Jersey, Channel IslandsReg. No. 62686LSE Trading Symbol: RRSNasdaq Trading Symbol: GOLD LOULO MINE UNAFFECTED BY WATER SHORTAGE Bamako, Mali, 30 May 2007 - London and Nasdaq listed gold miner RandgoldResources said today its Loulo mine in Mali was not affected by the watershortage which could soon force the suspension of processing operations atNevsun's Tabakoto mine. General manager Amadou Konta says the Loulo mine has experienced no water supplyproblems and does not foresee any. "During the feasibility study we hadidentified water supply as a critical risk factor and consequently installedsufficient storage capacity to supply us through the dry season. We have anumber of on-site storage facilities comprising the barrage on the Faleme River,a separate dam on the Gara stream as well as return water from the tailingsfacility. Our estimate is that we have more than six months supply available tous. The main seasonal rains are expected to start in July, peaking in August,and will replenish supply," he said RANDGOLD RESOURCES ENQUIRIES: Chief Executive Loulo General Manager Investor & Media RelationsDr Mark Bristow Amadou Konta Kathy du Plessis+223 675 0122 +223 674 4831 +27 11 728 4701+44 788 071 1386 Cell: +27 83 266 5847+44 779 775 2288 [email protected] Website: www.randgoldresources.com DISCLAIMER: Statements made in this document with respect to Randgold Resources'current plans, estimates, strategies and beliefs and other statements that arenot historical facts are forward-looking statements about the future performanceof Randgold Resources. These statements are based on management's assumptionsand beliefs in light of the information currently available to it. RandgoldResources cautions you that a number of important risks and uncertainties couldcause actual results to differ materially from those discussed in theforward-looking statements, and therefore you should not place undue reliance onthem. The 2005 annual report notes that the financial statements do not reflectany provisions or other adjustments that might arise from the claims and legalprocess initiated by Loulo against MDM. Other potential risks and uncertaintiesinclude risks associated with: fluctuations in the market price of gold, goldproduction at Morila, the development of Loulo and estimates of resources,reserves and mine life. For a discussion on such other risk factors refer tothe annual report on Form 20-F for the year ended 31 December 2005 which wasfiled with the United States Securities and Exchange Commission (the 'SEC') on29 June 2006. Randgold Resources assumes no obligation to update information inthis release. Cautionary note to US investors: the 'SEC' permits companies, intheir filings with the 'SEC', to disclose only proven and probable ore reserves. We use certain terms in this release, such as "resources", that the 'SEC' doesnot recognise and strictly prohibits us from including in our filings with the 'SEC'. Investors are cautioned not to assume that all or any parts of ourresources will ever be converted into reserves which qualify as 'proven andprobable reserves' for the purposes of the SEC's Industry Guide number 7. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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