M&A

Randgold/Barrick merger passes "final milestone"

Randgold Resources (LSE:RRL) and Barrick Gold (TSX:ABX) have confirmed their US$18 billion merger with the Royal Court of Jersey sanctioning the deal.

Staff reporter
Randgold is headquartered on the Channel Island of Jersey, presumably because Mark Bristow enjoys its famous Battle of Flowers festival

Randgold is headquartered on the Channel Island of Jersey, presumably because Mark Bristow enjoys its famous Battle of Flowers festival

The decision on Monday means Randgold will quit the London Stock Exchange at the end of 2018. 

When markets open again, on January 2, 'New Barrick' will trade as GOLD in New York and continue as ABX in Toronto. 

Randgold is headquartered on the low-taxing Channel Island. 

Incoming New Barrick CEO Mark Bristow said his focus would be on "making it the industry's most valued company". 

The merger will likely open up various Barrick and Randgold assets to the mid-tier miners as the new company focuses on major money-spinners. 

The combination has not been totally problem-free, as the Acacia Mining fight with the government of Tanzania continues. 

Barrick looked close to breaking the deadlock over alleged corruption and tax-avoidence at the 63%-owned miner but the past week has seen uncertainty over a deal being reached before the merger.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

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.

editions

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.

editions

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.

editions

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.