President Opens New Randgold Mine in Cote d'Ivoire
(firmenpresse) - JERSEY, CHANNEL ISLANDS and TONGON, COTE D'IVOIRE -- (Marketwire) -- 10/24/11 --
PRESIDENT OPENS NEW RANDGOLD MINE IN COTE D'IVOIRE
The Honourable Alassane
Ouattara, President of Cote d'Ivoire, today officially opened Randgold
Resources' new Tongon gold mine in the north of the country. Also at
the ceremony were the Minister of Mines, Oil and Energy Adama Toungara,
a number of ambassadors and senior government officials from the Cote
d'Ivoire as well as Mali and the DRC, and representatives of Randgold's
international and African business partners.
The mine poured its first bar of gold in October last year, on time and
on budget despite the unrest which followed the disputed outcome of the
presidential election in the country at that time. Profitable from its
first quarter, it has since produced more than 250 000 ounces of gold
and recently commissioned its hard rock crushing circuit.
Speaking at the ceremony, Randgold chairman Philippe Lietard said the
successful development of Tongon was a tribute to the company's
partnership philosophy and its long-term vision."We nurtured the Tongon
project for 13 years because we could see this
country's great potential and had faith in its people's ability to
establish an environment in which that potential could be realised.
That gave us the confidence to invest some US$400 million in developing
what is now Cote d'Ivoire's largest hard-rock gold mine, and with it a
wide range of economic opportunities," he said.
Also at the ceremony, chief executive Mark Bristow said Tongon did not
represent the limit of Randgold's ambitions in Cote d'Ivoire."As far as we
are concerned, Tongon is only the start. Even as I speak
here today, our exploration teams are stepping out beyond the mine area
and into our portfolio of permits covering some 7000 km2 elsewhere in
the country, which includes some of Africa's most underexplored
greenstone belts. Randgold has already come a long way with the Cote
d'Ivoire; together, we may achieve even more on the road ahead," he
said.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: Except for the
historical information contained herein, the matters discussed in this
news release are forward-looking statements within the meaning of
Section 27A of the US Securities Act of 1933 and Section 21E of the US
Securities Exchange Act of 1934, and applicable Canadian securities
legislation. Forward-looking statements include, but are not limited
to, statements with respect to the future price of gold, the estimation
of mineral reserves and resources, the realisation of mineral reserve
estimates, the timing and amount of estimated future production, costs
of production, reserve determination and reserve conversion rates.
Generally, these forward-looking statements can be identified by the
use of forward-looking terminology such as 'will', 'plans', 'expects'
or 'does not expect', 'is expected', 'budget', 'scheduled','estimates',
'forecasts', 'intends', 'anticipates' or 'does not
anticipate', or 'believes', or variations of such words and phrases or
state that certain actions, events or results 'may', 'could',
'would','might' or 'will be taken', 'occur' or 'be achieved'. Assumptions
upon
which such forward-looking statements are based are in turn based on
factors and events that are not within the control of Randgold and
there is no assurance they will prove to be correct. Forward-looking
statements are subject to known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity,
performance or achievements of Randgold to be materially different from
those expressed or implied by such forward-looking statements,
including but not limited to: risks related to the integration of
Randgold and Moto, risks related to mining operations, including
political risks and instability and risks related to international
operations, actual results of current exploration activities,
conclusions of economic evaluations, changes in project parameters as
plans continue to be refined, as well as those factors discussed in the
section entitled 'Risk Factors' in Randgold's annual report on Form
20-F for the year ended 31 December 2010 which was filed with the US
Securities and Exchange Commission (the 'SEC') on 31 March 2011.
Although Randgold has attempted to identify important factors that
could cause actual results to differ materially from those contained in
forward-looking statements, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can be
no assurance that such statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking statements. Randgold does not
undertake to update any forward-looking statements herein, except in
accordance with applicable securities laws.
CAUTIONARY NOTE TO US INVESTORS: the SEC permits companies, in their
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 does not 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 our resources will ever be converted
into reserves which qualify as 'proven and probable 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 Exchange
END
RANDGOLD RESOURCES ENQUIRIES:
Chief Executive
Mark Bristow
+44 788 071 1386
+223 66 75 01 22
Financial Director
Graham Shuttleworth
+44 1534 735 333
+44 779 771 1338
Group Operations Manager: West Africa
Samba Toure
+223 66 75 77 41
+223 20 20 16 94
Investor & Media Relations
Kathy du Plessis
+44 20 7557 7738
Website:
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 24.10.2011 - 16:50 Uhr
Sprache: Deutsch
News-ID 79454
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contact information:
Town:
JERSEY, CHANNEL ISLANDS and TONGON, COTE D'IVOIRE
Kategorie:
Mining & Metals
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