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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.
Barrick says no to any Kibali ownership change Barrick says no to any Kibali ownership change Barrick says no to any Kibali ownership change Barrick says no to any Kibali ownership change Barrick says no to any Kibali ownership change

Kibali in the DRC

Mining Journal

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.