Economie

Kibali Ownership Change in Randgold Merger Needs Approval: Congo

A change of the ownership structure at the Kibali mine in the Democratic Republic of Congo as a result of
the proposed merger between Barrick Gold and Randgold Resources would require prior agreement from Congo’s government, the country’s Mines Ministry says in news release.
* Government invokes a provision in the new mining law, adopted in March, which it says makes an ownership change of a Congo mine subject to the prior agreement of the state: ministry
* NOTE: State-owned Sokimo holds 10% stake in Kibali gold mine in northeastern Congo; Randgold and AngloGold Ashanti each own 45%
* NOTE: Randgold’s Congo Partner to ‘Assert Rights’ in Barrick Deal
* NOTE: Randgold Refutes Sokimo’s Claim on Kibali Joint Venture

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