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Randgold Resources Ld -Tongon heads back to normal

JERSEY, CHANNEL ISLANDS -- (Marketwire) -- 01/21/13 --

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


Abidjan, Cote d'Ivoire, 19 January 2013 - Production at Randgold
Resources' Tongon mine in Cote d'Ivoire is returning to normal after a
fire in the mill section of its plant three weeks ago, the company said
today. Both mill circuits are expected to be fully operational within
2 weeks and, despite a series of setbacks, the mine produced 210 000
ounces of gold in 2012.

Speaking to journalists in Abidjan today, Randgold chief executive Mark
Bristow said Tongon exemplified the company's long-term vision and its
tenacity of purpose. The mine's development had been given the
go-ahead at a time of political volatility in Cote d'Ivoire; it had
been commissioned in the climate of confusion created by the disputed
presidential election; it had contended with the disruption of frequent
power outages; and now it was overcoming the effects of the fire."Tongon
represents the biggest single investment to date in this part
of Cote d'Ivoire, and when we made that investment, we invested not
only in a mine but in this country," Bristow said. "We are currently
exploring our extensive tenements elsewhere in Cote d'Ivoire and we
hope to discover further multi-million ounce gold deposits here and,
with the support of the government, to develop these into world-class

Bristow said Randgold's policy of partnering with its host countries
and sharing the value it created equitably among its stakeholders was
the key to its success in Africa."For this to work, however, it requires
our partners to share our own
long-term commitment to developing and operating sustainably profitable
mines and to building substantial gold mining industries in their
countries. It is for this reason that we encourage governments to
promulgate attractive mining codes for investors through competitive
and stable tax regimes," he said.


Chief Executive                 Financial Director
Mark Bristow                    Graham Shuttleworth
+223 66 75 01 22 / +44 788 071  +44 1534 735 333 / +44 779 771 1338

Group regional manager West     Investor & Media Relations
Africa                          Kathy du Plessis
Mahamadou Samake                +44 20 7557 7738 /
+223 66 75 61 36 / +223 20 20   [email protected]
16 94


historical information contained herein, the matters discussed in this
news release are forward-looking statements within the meaning of
Section 27A of the US Securities Act of 1933 and Section 21E of the US
Securities Exchange Act of 1934, and applicable Canadian securities
legislation. Forward-looking statements include, but are not limited
to, statements with respect to the future price of gold, the estimation
of mineral reserves and resources, the realisation of mineral reserve
estimates, the timing and amount of estimated future production, costs
of production, reserve determination and reserve conversion rates.
Generally, these forward-looking statements can be identified by the
use of forward-looking terminology such as 'will', 'plans', 'expects'
or 'does not expect', 'is expected', 'budget', 'scheduled','estimates',
'forecasts', 'intends', 'anticipates' or 'does not
anticipate', or 'believes', or variations of such words and phrases or
state that certain actions, events or results 'may', 'could',
'would','might' or 'will be taken', 'occur' or 'be achieved'. Assumptions
which such forward-looking statements are based are in turn based on
factors and events that are not within the control of Randgold and
there is no assurance they will prove to be correct. Forward-looking
statements are subject to known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity,
performance or achievements of Randgold to be materially different from
those expressed or implied by such forward-looking statements,
including but not limited to: risks related to the integration of
Randgold and Moto, risks related to mining operations, including
political risks and instability and risks related to international
operations, actual results of current exploration activities,
conclusions of economic evaluations, changes in project parameters as
plans continue to be refined, as well as those factors discussed in the
section entitled 'Risk Factors' in Randgold's Annual Report on Form
20-F for the year ended 31 December 2011 which was filed with the US
Securities and Exchange Commission (the 'SEC') on 31 March 2012.
Although Randgold has attempted to identify important factors that
could cause actual results to differ materially from those contained in
forward-looking statements, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can be
no assurance that such statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking statements. Randgold does not
undertake to update any forward-looking statements herein, except in
accordance with applicable securities laws.
CAUTIONARY NOTE TO US INVESTORS: The SEC permits companies, in their
filings with the SEC, to disclose only proven and probable ore
reserves. We use certain terms in this release, such as 'resources',
that the SEC does not recognise and strictly prohibits us from
including in our filings with the SEC. Investors are cautioned not to
assume that all or any parts of our resources will ever be converted
into reserves which qualify as 'proven and probable reserves' for the
purposes of the SEC's Industry Guide number 7.

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


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