-
SOLUTIONS
Mining Journal Intelligence Investor Sentiment Report 2024
Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.
Mining Journal Intelligence Mining Equities Report 2023
Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.
Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)
A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.
Mining Journal Intelligence Global Leadership Report 2023: Social licence
Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.
THE ASPERMONT BRAND PORTFOLIO
Copyright © 2000-2024 Aspermont Media Ltd. All rights reserved. Aspermont Media is a company registered in England and Wales. Company No. 08096447. VAT No. 136738101. Aspermont Media, WeWork, 1 Poultry, London, England, EC2R 8EJ.
FORUM
Barrick says no to any Kibali ownership change
A Mining Journal article, ‘Eckhofs in big Congo deal’, published on February 10 this year referenced a company statement from AJN Resources Inc, released in accordance with Canadian Securities Exchange guidelines, which indicated the company had entered into a memorandum of understanding with the Democratic Republic of Congo’s Société Minière de Kilo-Moto SA (SOKIMO) to acquire rights to several DRC mining and development assets, including 10% of the major Barrick Gold and AngloGold Ashanti majority controlled Kibali gold mine.
Kibali in the DRC
The news brief contained no reference to any public statements from Barrick or AngloGold regarding AJN's proposal. Nor did it include any comment from SOKIMO.
Mining Journal has been advised by legal representatives of Barrick Gold that "whilst the article reflects the press release issued by AJN Resources Inc on 6 February 2020" it did not mention "SOKIMO's contractual obligations to the Barrick and AngloGold Ashanti groups of companies".
"These obligations prevent any sale or otherwise transfer of shares held by SOKIMO in Kibali Goldmines SA, the owner of the Kibali gold mine, without prior approval from Barrick and AngloGold Ashanti," Barrick's legal note said.
"It is not Barrick's intention to approve of any such sale or transfer."
Mining Journal has asked for AngloGold Ashanti's position on AJN's public statement.
TOPICS:
RELATED ARTICLES
< PREVIOUS ARTICLE
Blackrock's Fink triggers carbon avalanche
NEXT ARTICLE >
Toronto timing right for Northern Star, Evolution?
Get the Mining Journal Newsletter delivered free each day
FROM OUR PARTNERS
RESOURCE STOCKS
Northern Territory Copper Project Well Positioned
RESOURCE STOCKS
PolarX Strongly Backed by Gold Major