Barrick reaches deal with Mali unions, averts strike
BARRICK Mining has reached a new labour agreement with unions at its Loulo-Gounkoto gold mine in Mali, easing the threat of strike action, Reuters reported. The Canadian miner…
What resource nationalism means for Africa’s miners
Governments across Africa are seeking to assert greater control over their mineral wealth by rewriting mining codes, demanding larger equity stakes or greater local…
Barrick’s North American IPO plan faces investor backlash
BARRICK Mining’s proposed IPO of its North American assets is facing opposition from several major shareholders, raising pressure on the Canadian group’s chair, John Thornton,…
Randgold pursues Gold Fields over Kebble-era share theft
ON the night of September 27 2005, Brett Kebble climbed into his silver-grey Mercedes-Benz S600 and drove into the Johannesburg dark. Near a bridge over the M1 in the city’s…
Barrick launches $3bn buyback ahead of spin-off
BARRICK Mining said it planned to repurchase $3bn of its shares in an effort to reward shareholders ahead of the proposed spin-off of its North American operations, later this…
Barrick shifts focus to M&A in less risky jurisdictions
BARRICK Mining Corp is pivoting away from riskier operating environments and returning to mergers and acquisitions, said Bloomberg News on Thursday citing a letter to…
Barrick names leadership team for North America IPO
BARRICK Mining has appointed an executive leadership team for its North American operations as the gold producer moves ahead with plans to list the business in an initial public…
Barrick slows Reko Diq on security fears
BARRICK Mining is extending its review of the Reko Diq copper-gold project in Pakistan and slowing development activity, citing escalating security concerns in the country and…
Barrick gives green light to IPO of North American mines
BARRICK Mining has given the green light to a separation of its North American gold mines through an IPO which it expects to be completed by late 2026. The new company will hold…
Barrick restructuring hinges on Newmont’s approval
CANADIAN miner Barrick’s planned spinoff of North American assets depends on joint venture partner Newmont, said Reuters citing documents it had seen and the comments of former…
Barrick names new CFO as leadership shake up continues
BARRICK Mining has appointed board member Helen Cai as CFO, replacing Graham Shuttleworth in the latest senior departure at the Canadian miner amid speculation over its future,…
Barrick to seek IPO of North American gold assets
BARRICK Mining is to explore an IPO of its North American assets, the Toronto-based group announced on Monday. The listed subsidiary, majority controlled by Barrick Mining, would…
Barrick to pay Mali $430m as bows to mining code
BARRICK Mining has reached a 244bn CFA francs ($430m) settlement with Mali to resolve a two-year dispute that forced closure of the Loulo-Gounkoto gold complex, said Bloomberg…
Barrick agrees with Mali to end dispute over Loulo-Gounkoto
BARRICK Mining said on Monday it had entered into an agreement with Mali to end a long-standing dispute over the Loulo-Gounkoto mine. The Toronto-listed miner said the…
Activist investor emerges as candidate for Barrick role
ACTIVIST investor Mick McMullen has positioned himself as a contender for the CEO position at Barrick Mining, telling The Globe and Mail that major shareholders have approached…
Barrick overhauls management amid break-up rumours
BARRICK Mining is implementing a management overhaul and restructuring its regional operations as activist investor Elliott Investment Management acquires a significant stake in…
Elliott stake fuels Barrick restructure talk
ACTIVIST investor Elliott Management has acquired a substantial position in Barrick Mining, intensifying speculation that the world’s second-largest gold producer could pursue a…
Barrick Mining considers splitting off risky assets
CANADA’S Barrick Gold is exploring a potential split into separate North American and Africa-Asia entities, said Reuters citing sources familiar with the company’s deliberations.…
Endeavour CEO says West Africa still key to future
ENDEAVOUR Mining said it was committed to West Africa despite signing a joint venture to look for gold in Kazakhstan, and mining code uncertainty in the region. The JV with East…
Barrick unveils operational review in wake of Bristow exit
BARRICK Mining used its first quarter following the shock resignation of CEO Mark Bristow to unveil an operational review and to boost returns to shareholders amid record free…