The $6 billion, all-share merger between Barrick Gold and Randgold Resources will create a global gold giant that will dominate the African gold industry.
When rebel soldiers overthrew the Mali government in 2012, coup leader Amadou Konare closed the border to everyone except the employees of Randgold Resources.
Yesterday, Biznews published a press statement from a group of Randgold minorities, intending to sue Investec for R1.3 billion. Here’s Investec’s side of the story.
The Randgold minorities have been engaged in legal wrangling with Investec since March 2011, when they applied for an order to have the bank purchase their shares in Randgold for R288.56 per share.
Randgold CEO Mark Bristow warns had DRC then implemented its proposed new tax regime, his group’s massive Kibali gold mine would never have been built.
The Democratic Republic of Congo’s focus on maximising short-term tax revenues risks squandering long-term mining prospects, the chief executive of one of its largest mining investors warned on Wednesday.
