Barrick Will Not Approve Mooted Sale of SOKIMOs Stake in Kibali | Financial Buzz

Barrick Will Not Approve Mooted Sale of SOKIMOs Stake in Kibali

TORONTO, Feb. 20, 2020 (GLOBE NEWSWIRE) — Barrick Gold Corporation’s attention has been drawn to media reports to the effect that the Congolese parastatal Société Minière de Kilo-Moto SA (SOKIMO) has signed a memorandum of understanding with AJN Resources Inc to sell its 10% share in the Kibali gold mine to that company.

Barrick wishes to make it clear that SOKIMO is contractually bound by Barrick and its joint venture partner AngloGold Ashanti not to sell or otherwise transfer its shares in Kibali Goldmines SA, the owner of the Kibali gold mine, without their approval.  No such approval has been sought, nor will it be granted.

Barrick enquiries
  President and chief executive
Mark Bristow
+1 647 205 7694
+44 788 071 1386
COO, Africa and Middle East
Willem Jacobs
+44 779 557 5271
+243 820 678 040
Investor and media relations
Kathy du Plessis
+44 20 7557 7738
Email: barrick@dpapr.com

Website: www.barrick.com

Primary Logo

Opt-into our eNewsletter NOW! For the Latest Trending Financial News Topics in Cannabis, Tech, Biotechs, Precious Metals, Energy, Renewable Energy and much more!