Randgold Resources Ld
21 June 2000
RANDGOLD RESOURCES SHAREHOLDERS ENDORSE MORILA JOINT VENTURE
London, 21 June 2000 - At an extraordinary general meeting today, Randgold
Resources shareholders approved the sale of a 50% stake in the company's
Morila gold project in Mali to AngloGold for $132 million. The sale is
expected to be completed at the end of this month.
When the intended sale was announced earlier this year, Randgold Resources
chief executive Dr Mark Bristow said it would enable the company to cash in
some of its exploration success, strengthening its balance sheet and funding
the pursuit of new growth opportunities. In addition, this alliance with
AngloGold would combine that company's technical and operational expertise
with Randgold Resources' ability to find and develop good prospects.
Issued on behalf of Randgold Resources Limited by du Plessis Associates. dPA
contact Kathy du Plessis on Tel: +27(11) 728 4701, cell: (0)83 266 5847 or