May 14 (Reuters) - Randgold Resources Ltd RRS.L :
* COMMISSION APPOINTED TO DRAFT REGULATIONS TO EFFECT 2018 DRC MINING CODE HAS OFFICIALLY COMPLETED ITS WORK
* RANDGOLD - COMMISSION WILL NOW REPORT BACK TO DRC MINISTER OF MINES WHO WILL WORK WITH INTER-MINISTERIAL COMMISSION AHEAD OF PRESENTING IT TO GOVERNMENT FOR APPROVAL
* INDUSTRY TEAM PARTICIPATED ACTIVELY IN PROCESS AND INFLUENCED A NUMBER OF REGULATIONS ARISING FROM NEW DRC MINING CODE
* RANDGOLD - CO'S REPRESENTATIVES SAID COMMISSION'S TERMS OF REFERENCE WERE RESTRICTED TO REGULATIONS, IT COULD NOT DEAL WITH KEY ISSUES, NOTABLY AROUND RIGHTS VESTED UNDER FORMER CODE
* DETAILED PROPOSAL DEALING WITH KEY ISSUES WAS SUBMITTED TO MINISTER OF MINES BY INDUSTRY ON 29 MARCH
* INDUSTRY IS STILL AWAITING A FORMAL RESPONSE TO THIS PROPOSAL
* COMPANIES REPRESENTATIVES SAID THEY WOULD CONTINUE TO ENGAGE WITH DRC GOVERNMENT AT ALL LEVELS