https://www.miningweekly.com
Africa|Gold|Resources
Africa|Gold|Resources
africa|gold|resources

Competition Tribunal approves Randgold, Barrick merger

9th November 2018

By: Schalk Burger

Creamer Media Senior Deputy Editor

     

Font size: - +

The proposed merger between Africa-focused gold miner Randgold Resources and Canadian gold miner Barrick Gold has received unconditional clearance from the South African Competition Tribunal, Randgold announced last week.

The transaction was approved without conditions, as recommended by the Competition Commission. Barrick plans to acquire Randgold in an $18.3-billion share deal. If the buyout is concluded, Randgold CEO Mark Bristow will take over as CEO of the enlarged Barrick, which will become the world’s largest gold miner.

The merger, which is expected to close on January 1, remains subject to the satisfaction or waiver of various conditions, including obtaining approval from the shareholders of both companies and the sanction of the scheme by the Royal Court of Jersey, which will be sought at a hearing scheduled for December 17.

To watch Creamer Media's latest video reports, click here
 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
Updated 6 hours ago
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.179 0.219s - 89pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: