TORONTO (miningweekly.com) – Shareholders in Randgold Resources have approved the acquisition of another 20% of Kibali Goldmines, which owns the Kibali (previously Moto) gold project, in the Democratic Republic of Congo.

The company, together with partner AngloGold Ashanti, announced on October it planned to buy the additional shares from DRC government-owned L’Office des Mines d’Or de Kilo-Moto for about $113,6-million.

The two firms acquired an initial 70% of Kibali in October, through the acquisition of Moto Goldmines. Randgold is the operator of the project.

Last month, the LSE- and Nasdaq-listed gold-miner announced it had increased the indicated mineral resource at Kibali by 23%, to 13,93-million ounces, compared with the previous estimate of 11,29-million ounces.

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