RNS Number:0360L
Randgold Resources Ld
13 May 2003

For further information call:
(CEO) Mark Bristow on +44 779 775 2288
(CFO) Roger Williams on  +44 779 771 9660

RANDGOLD RESOURCES AND NEVSUN INVESTIGATE JOINT PROJECT STRATEGIES IN MALI

London, 13 May 2003 - Randgold Resources (Nasdaq: GOLD) (LSE: RRS) and Nevsun
have announced that they are investigating cooperative options to optimise the
value of their respective gold projects in the western region of Mali.

The London and Nasdaq listed Randgold Resources recently presented an updated
feasibility study on its 4.3 million ounce Loulo project to the Malian
government while the Toronto-listed Nevsun is progressing its Tabakoto project
through to production and is conducting a feasibility study on the adjacent
Segala deposit with a view to incorporate this deposit into the future Tabakoto
mining operation.

An exchange of information between the two companies is already under way and
they will form a jointly managed project team led by Randgold Resources to
evaluate regional synergies and development.  Randgold Resources chief executive
Dr Mark Bristow said by cooperating the two companies could overcome the main
obstacle to mining development in Mali West:  the region's very limited
infrastructure.

"Mali West is an extremely prospective gold play and we have had great success
in defining opencast resources there.  Our updated feasibility study on Loulo
has, however, highlighted the disparity between the reserve base and the
project's estimated infrastructural costs, operational as well as regional.
Against this background, we're looking with Nevsun at the operational savings
and synergies that could be achieved through cooperation.  The critical mass of
a combined operation  -  which will have a combined resource in excess of 7
million ounces  -  could also be crucial in obtaining the Malian government's
commitment to the development of the regional infrastructure.  This should
include the extension of grid electricity from the Manantali hydroelectric
scheme as well as the upgrading of the Kayes-Kenieba national road system,"
Bristow said.

Nevsun CEO John Clarke said there were obvious advantages in a cooperative
approach to mining development in the region.  "We've already identified
significant benefits in a combined Tabakoto/Segala development and we believe
similar rewards could be delivered by cooperation on a larger scale with
Randgold Resources," he said.

Issued on behalf of Randgold Resources Limited by du Plessis Associates.
dPA contact Kathy du Plessis on Tel: +27(11) 728 4701,
mobile: +27(0)83 266 5847 or e-mail randgoldresources@dpapr.com
website: www.randgoldresources.com

DISCLAIMER:Statements made in this release with respect to Randgold Resources'
current plans, estimates, strategies and beliefs and other statements that are
not historical facts are forward-looking statements about the future performance
of Randgold Resources. These statements are based on management's assumptions
and beliefs in light of the information currently available to it.  Randgold
Resources cautions you that a number of important risks and uncertainties could
cause actual results to differ materially from those discussed in the
forward-looking statements, and therefore you should not place undue reliance on
them. The potential risks and uncertainties include, among others, risks
associated with:  fluctuations in the market price of gold, gold production at
Morila, estimates of reserves and mine life and liabilities arising from the
closure of Syama.  Randgold Resources assumes no obligation to update
information in this release.


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