M&A

Randgold/Barrick merger passes "final milestone"

Randgold shares to disappear from London at the end of December

Staff reporter
Randgold is headquartered on the Channel Island of Jersey, presumably because Mark Bristow enjoys its famous Battle of Flowers festival

Randgold is headquartered on the Channel Island of Jersey, presumably because Mark Bristow enjoys its famous Battle of Flowers festival

The decision on Monday means Randgold will quit the London Stock Exchange at the end of 2018. 

When markets open again, on January 2, 'New Barrick' will trade as GOLD in New York and continue as ABX in Toronto. 

Randgold is headquartered on the low-taxing Channel Island. 

Incoming New Barrick CEO Mark Bristow said his focus would be on "making it the industry's most valued company". 

The merger will likely open up various Barrick and Randgold assets to the mid-tier miners as the new company focuses on major money-spinners. 

The combination has not been totally problem-free, as the Acacia Mining fight with the government of Tanzania continues. 

Barrick looked close to breaking the deadlock over alleged corruption and tax-avoidence at the 63%-owned miner but the past week has seen uncertainty over a deal being reached before the merger.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.