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PRESS: Barrick Could Buy Out Acacia Mining After Randgold Merger

Wed, 7th Nov 2018 11:35

LONDON (Alliance News) - Randgold Resources Ltd Chief Executive Mark Bristow said the newly-formed company after its merger with Barrick Gold Corp could buy Acacia Mining PLC, the Times said on Wednesday.

Randgold and Barrick Gold are merging to create Barrick Group, with Randgold boss Bristow set to lead the new company.

Barrick Group, the Times continued, could buy out Acacia to help it address Acacia's difficulties in Tanzania. Barrick currently owns 64% of London Main Market-listed Acacia.

By George Collard;

Copyright 2018 Alliance News Limited. All Rights Reserved.

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