[miningmx.com] – RANDGOLD Resources CEO, Mark Bristow, said it didn’t make sense to pay a premium for the shares in the Kibali gold mine that it did not already own.
In an interview with Bloomberg News, Bristow said: “It doesn’t make sense to pay a premium on a premium we created. In principle everything has a price, but is doesn’t really fit with what Randgold stands for.’
Randgold Resources is in joint venture on Kibali in the Democratic Republic of Congo with AngloGold Ashanti – an asset that Investec Securities suggested on September 15 could be sold to clear debt ahead of a restructuring.
Srinivasan Venkatakrishnan, CEO of AngloGold, said however the group did not intend to sell its shares in Kibali which it believed was a tier one gold asset. His comments came after announcing the group would not attempt to raise $2.1bn in a rights issue.
Click here to read the full article
