Randgold Resources
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GOLD: Zijin Mining to acquire Continental Gold for $1.4B
COLOMBIA – In the latest mega-deal sweeping the gold sector, Zijin Mining Group is buying Continental Gold for $1.4 billion in cash. The cash-rich Chinese gold miner is on an acquisition spree. In early November it said it would buy copper-gold assets…
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COMMENT: Acacia takeover by merged Barrick an option
UNITED KINGDOM – The buyout of Acacia Mining’s minority shareholders by the new, larger Barrick Gold is one option, said Mark Bristow, CEO of Randgold Resources. Toronto-based Barrick, which owns about 64% of Acacia, and Randgold are merging in a…
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MERGER: Glass Lewis likes Barrick-Randgold combo
TORONTO – A second independent proxy advisory firm, Glass Lewis, has recommended that shareholders of Barrick Gold and Randgold Resources for the proposed merger of the two companies. The recommendation from Glass Lewis comes in addition to an earlier report…
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GOLD: Barrick to buy Randgold creating $18B company
TORONTO – Barrick Gold has made an all-share offer worth US$6 billion for Randgold Resources. The merger, subject to the approval of both companies’ shareholders, will create an industry leading gold miner with a combined market cap of US$18 billion.…
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Proposed mining code upsets miners in the DRC
A new mining code in the Democratic Republic of the Congo that would raise royalties on metals and eliminate a stability clause enshrined in the previous 2002 charter that protects mining companies from changes to the code for ten years…
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Randgold’s Mark Bristow on managing gold price cyclicality
Randgold Resources’ (LSE: RRS; NASDAQ: GOLD) chief executive Mark Bristow gave a talk on how to create and protect shareholder value in gold mining during the March 6 keynote session at the Prospectors and Developers Association of Canada’s (PDAC) annual…
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Randgold and Newcrest to team up in Côte d’Ivoire
Randgold Resources (NASDAQ: GOLD; LSE: RRS) and Newcrest Mining (ASX: NCM), two of the world’s leading gold mining companies, have agreed to negotiate a formal joint venture to explore areas of interest in southeastern Côte d’Ivoire. Both companies already have operations in the…
