Randgold Resources: Report on Payments to Governments for year 2016
JERSEY, Jun 30, 2017 - Randgold Resources (LSE: RRS) (NASDAQ: GOLD) Randgold Resources Ltd.
Incorporated in Jersey, Channel Islands
Reg. No. 62686
LSE Trading Symbol: RRS
NASDAQ Trading Symbol: GOLD
REPORT ON PAYMENTS TO GOVERNMENTS FOR THE YEAR 2016
Jersey, Channel Islands, 30 June 2017 - Randgold Resources Ltd. today provides information in accordance with DTR 4.3A of the Disclosure and Transparency Rules of the United Kingdom's Financial Conduct Authority in respect of payments made to governments by Randgold Resources Ltd. and its subsidiary undertakings for the year ended 31 December 2016.
This report is prepared in accordance with United Kingdom's Reports on Payments to Governments Regulations 2014 (as amended) ("UK Regulations") and the basis of preparation is summarised below. The report is available for download from: http://www.randgoldresources.com/regulatory-releases.
Basis of Preparation - Report on Payments to Governments for the year ended 31 December 2016
Reporting entities
In line with UK Regulations, this report includes payments to governments made by Randgold Resources Ltd. and its subsidiary undertakings (together "Randgold"). Payments made by entities over which Randgold Resources Ltd. has joint control (including Société des Mines de Morila SA and Kibali Goldmines SA) are excluded from the report.
Activities
Payments made by Randgold to governments arising from activities involving the exploration, prospection, discovery, development and extraction of minerals ("extractive activities") are disclosed within this report. As extractive and processing activities are unable to be reported separately, associated payments related to both activities have been disclosed in full.
Government
Government includes any national, regional or local authority of a country and includes a department, agency or entity that is a subsidiary of a government or entity that is controlled by such authority.
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