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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: PAUL ROBERTSON who wrote (56065)	7/11/2000 10:34:22 PM
From: pater tenebrarum	Respond to of 116826

that would be excellent.

To: PAUL ROBERTSON who wrote (56065)	7/12/2000 7:09:20 AM
From: long-gone	Respond to of 116826

JOINT ANNOUNCEMENT BY ANGLOGOLD AND RANDGOLD RESOURCES Date: Wednesday, July 12, 2000 MORILA AGREEMENT CONCLUDED Johannesburg, 11 July - AngloGold and Randgold Resources today announced that they had concluded the agreement in respect of the sale by Randgold Resources of a 50% share of its stake in the Morila gold mining project in Mali to AngloGold for US$132 million. The two companies have also agreed to the terms of a joint venture which will manage Morila. AngloGold has been appointed to operate the project. The transaction involves the disposal to AngloGold of 50% of Randgold Resources (Morila) Limited (now Morila Limited) which holds 80% of Societé des Mines de Morila SA. This gives each company a 40% indirect interest in the operation with the balance being held by the Mali government. Morila is situated in southern Mali, 180 kilometres south-east of the capital Bamako and 600 kilometres south-east of Sadiola. Construction, which began in 1999, is 70% complete and stockpiling of ore for commissioning is in progress. The first gold pour is expected during October and the official opening of the mine is planned for 31 October 2000. Randgold Resources chief executive Dr Mark Bristow confirmed today that the proceeds of the sale had been received and that the bridging loan from Barnex had been repaid in full. Bristow said after settling all current liabilities Randgold Resources would be left with US$90 million of the sale proceeds which would be applied to the pursuit of new growth opportunities, a number of which were currently being examined. Disclaimer Except for the historical information which may be contained herein, there maybe matters discussed in this news release that are forward-looking statements. Such statements are only predictions and actual events or results may differ materially. For a discussion of important factors including, but not limited to, development of the Company's business, the economic outlook in the gold mining industry, expectations regarding gold prices and production, and other factors, which could cause actual results to differ materially from such forward-looking statements, refer to the Company's annual report on the Form 20-F for the year ended December 31, 1998 which was filed with the Securities and Exchange Commission on March 30, 1999. anglogold.co.za