Randgold Resources Ld
20 November 2001
For further information call:
(Chairman) Roger Kebble +27 (11) 309-6037
(CEO) Mark Bristow +44 (0) 779-775-2288
RANDGOLD RESOURCES AND SENEGALESE GOVT SIGN EXPLORATION CONVENTION
Dakar, Senegal, 20 November - Randgold Resources has extended its presence
in the West African goldfields to Senegal by concluding an exploration
convention with that country's Department of Mines.
Announcing this today, chief executive Dr Mark Bristow said detailed analysis
of preliminary exploration work had highlighted three promising gold targets
in Senegal's Kanoumering region. The company had already established a
presence there to develop these as a new project.
'As a resource company we believe we constantly need to find new prospects to
feed into our project pipeline. This is why we have maintained our
exploration programmes during a time when there has been little or no
exploration of substance in the gold industry generally. In fact, total
spending on global exploration has dropped by more than half over the past
four years, a period when Randgold Resources has demonstrably added to the
size and value of its resource base,' Bristow said.
The company has an extensive portfolio of gold projects and exploration
properties in Mali, Cote d'Ivoire and Burkina Faso, as well as a 40% interest
in the Morila mine in Mali.
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
Certain of the statements made in this document are forward-looking in nature
and are based on certain assumptions which involve risk and uncertainty
because they relate to events and depend on circumstances that will occur in
the future. Randgold Resources undertakes no obligation to update any
forward-looking statements. Mining and exploration by its very nature, is a
risky business and one in which the producers have little influence over the
price of their product. Consequently investors should be mindful of the
inherent risks associated with all mineral development projects.