Randgold Looking to the Future in Mali

JERSEY, CHANNEL ISLANDS -- (Marketwired) -- 10/26/16 -- In the current climate of global economic and political stress, it is more important than ever for African governments to engage with their investors in a spirit of genuine partnership, Randgold Resources (LSE: RRS) (NASDAQ: GOLD) chief executive Mark Bristow said here today.

Speaking at a briefing for local media, Bristow said Randgold's contribution to the treasury and people of Mali, where it operates the Loulo, Gounkoto and Morila mines, was a striking example of the tangible benefits the country was enjoying from Randgold's continuing investment there.

"In the 20 years we have been in Mali, we have invested FCFA 1.5 trillion ($2.8 billion) here and contributed FCFA 2.5 trillion ($4.7 billion) to the country's economy in the form of taxes, royalties, salaries, payments to local suppliers and community initiatives. The scale of our involvement in Mali, and the fact that we are still actively looking for new opportunities here, testifies to our faith in the country, our belief in partnering with the government and our philosophy of sharing the value we create with the state and the people," Bristow said.

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RANDGOLD RESOURCES LIMITED Incorporated in Jersey, Channel Islands Reg. No. 62686 LSE Trading Symbol: RRS NASDAQ Trading Symbol: GOLD

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Source: Randgold Resources

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