Wednesday, May 30, 2007

Bamako, Mali, 30 May 2007 - London and Nasdaq listed gold miner Randgold Resources said today its Loulo mine in Mali was not affected by the water shortage which could soon force the suspension of processing operations at Nevsun's Tabakoto mine.

General manager Amadou Konta says the Loulo mine has experienced no water supply problems and does not foresee any.  "During the feasibility study we had identified water supply as a critical risk factor and consequently installed sufficient storage capacity to supply us through the dry season.  We have a number of on-site storage facilities comprising the barrage on the Falémé River, a separate dam on the Gara stream as well as return water from the tailings facility.  Our estimate is that we have more than six months supply available to us.  The main seasonal rains are expected to start in July, peaking in August, and will replenish supply," he said.

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