PRECIOUS METALS

Kibali calls latest SOKIMO claim 'extortion'

Kibali Goldmines, the DRC-based joint venture comprising Barrick Gold and AngloGold Ashanti, said Sunday its local partner Societe Miniere de Kilo-Moto SA (SOKIMO) had filed new proceedings against it in a commercial court in Kinshasa.

The Kibali gold mine in the DRC is operated by Barrick Gold

The Kibali gold mine in the DRC is operated by Barrick Gold

Kibali said SOKIMO, which holds a 10% stake in the project, was "attempting for the second time to extort certain benefits from the company". Local media reported SOKIMO was claiming in excess of US$1...

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