Information  X 
Enter a valid email address

Randgold Resources (RRS)

  Print      Mail a friend       Annual reports

Friday 15 August, 2003

Randgold Resources

Merger Update

Randgold Resources Ld
15 August 2003

Randgold Resources Limited
Incorporated in Jersey, Channel Islands
Registration Number 62868
LSE Trading Symbol: RRS
Nasdaq Trading Symbol: GOLD


London, Friday 15 August 2003 - Following the announcement by Randgold Resources
Limited ('Randgold Resources')(LSE: RRS)(NASDAQ: GOLD) on Friday 8 August that
it had submitted an indicative merger proposal to Ashanti Goldfields Company
Limited ('Ashanti'), Randgold Resources is pleased to note the announcement made
today by the Government of Ghana, the text of which is reproduced below:

'Following the proposals presented to it in May for a merger between Ashanti
Goldfields Ltd. and Anglo Gold Ltd. of South Africa, the Government of Ghana has
also received indicative proposals for a merger with Randgold Resources Limited,
a gold mining company based in Jersey, UK.

As previously announced, the Government has appointed a consortium led by
Societe Generale to act as advisers to the Government in its capacity as a (16.9
per cent.) shareholder in Ashanti, holder of the golden share in Ashanti, and
regulator of the mining industry in Ghana, and to assist the Government in
arriving at a decision on the future of Ashanti Goldfields Ltd.

The Government intends to reach a decision on this matter once it has had the
opportunity to consider fully, in conjunction with its advisers, both proposals
and any others that may be received.  In coming to its decision, the Government
will be guided solely by what it considers to be in the best interests of Ghana
and its people, and of Ashanti Goldfields Ltd. as a major transnational mining
enterprise with its roots in Ghana.



Chief Executive
Dr Mark Bristow
+44 779 775 2288

Financial Director
Roger Williams
+44 779 771 9660

Investor & Media Relations
Kathy du Plessis
+27 11 728 4701
Cell: +27 (0) 83 266 5847

Adrian Coates/
Tim Morgan-Wynne/
Jan Sanders
+44 20 7991 8888

HSBC Bank plc, which is regulated in the United Kingdom by the Financial
Services Authority, is acting for Randgold Resources Limited, and no-one else in
connection with the matters referred to in this document and will not be
responsible to any person other than Randgold Resources Limited for providing
the protections afforded to customers of HSBC Bank plc, or for advising any such
person on the contents of this announcement or any transaction referred to in
this announcement.

                      This information is provided by RNS
            The company news service from the London Stock Exchange