JERSEY, CHANNEL ISLANDS--(Marketwired - Dec 21, 2015) - Randgold Resources Limited (LSE: RRS) (NASDAQ: GOLD)
RANDGOLD RESOURCES LIMITED
Incorporated in Jersey, Channel Islands
Reg. No. 62686
LSE Trading Symbol: RRS
NASDAQ Trading Symbol: GOLD
OBUASI GOLD MINE
Jersey, Channel Islands, 21 December 2015
On 16 September 2015, Randgold Resources Limited (Randgold) and AngloGold Ashanti Limited (AngloGold Ashanti) announced their intention to form a joint venture to redevelop AngloGold Ashanti's Obuasi mine in Ghana, subject among other things to the completion of satisfactory due diligence by Randgold and the agreement of a revised development plan. After undertaking a due diligence exercise into the mine and the redevelopment opportunity the mine affords, and following the work undertaken on the revised development plan, Randgold has determined that the development plan will not satisfy Randgold's internal investment requirements. Accordingly, Randgold has decided to terminate the investment agreement entered into with AngloGold Ashanti, with immediate effect.
Chief Executive Mark Bristow said Randgold remained committed to creating real value for all its stakeholders by continuing to invest substantially in its exploration programmes with their proven record of success as well as by investigating potential growth opportunities presented by the market.
RANDGOLD ENQUIRIES
Chief Executive
Mark Bristow
+44 788 071 1386
+44 779 775 2288 |
Financial Director
Graham Shuttleworth
+44 1534 735 333
+44 779 771 1338 |
Investor & Media Relations
Kathy du Plessis
+44 20 7557 7738
randgold@dpapr.com |
www.randgoldresources.com
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http://www.rns-pdf.londonstockexchange.com/rns/6826J_1-2015-12-21.pdf