DR Congo: Randgold Resources partners with Fleurette Group on Moku-Beverendi mine
Wednesday, 20 April 2016 15:33
Randgold Resources signed a joint-venture agreement with Moku Goldmines AG, which is controlled by Israeli billionaire Dan Gertler through his firm Fleurette Group, to develop the Moku-Beverendi gold project in DR Congo.
The agreement was signed after Randgold made an approach, in February 2015, to acquire the mine. Under the agreement, the company is to get a minimum 51% stake in the projects, by funding and conducting exploration and completing pre-feasibility study.
Randgold’s CEO, Mark Bristow, after expressing his excitement over the new partnership, said that state-owned firm SOKIMO would hold a 20% stake in the project without taking part in its development.
Moku Goldmines holds an exploration permit, not far from the Kibali gold mine also owned by Randgold and which is the largest exploited mine of the mountains that are along DR Congo’s eastern border.
Louis-Nino Kansoun
Live News
-
Access Holdings maintains growth momentum despite profit decline
19:04
-
Investment Promotion Agency Opens Incentive Access to Public Enterprises
18:25
-
FinTech Disruption: The Innovation Imperative Redefining Profitability Risk for Foreign Investors in South African Banks
17:27
-
Ghana Think Tank Proposes New Economic Model for Tema Oil Refinery
16:58
-
Zambia Considers Third-Party Transfer to Unlock Afreximbank Debt
16:56
-
Cameroon-Italy Witness Deepened Trade Ties in Four Years
15:37
-
Government Launches Tender for Road Safety Audit of Babadjou–Bamenda Highway
15:18
-
Customs Impound Nearly 1,000 Bottles of Contraband Wine, Champagne in Douala
15:13
-
Tanzania’s University of Dar es Salaam Accelerates Digital Transformation
15:00
-
Ivorian Sébastien Kouassi launches EmploiRapide.Net to tackle youth unemployment
15:45
Sonatel is a major telecom company in West Africa that investors trust, offering steady growth and...
Wave launches Wave Bank Africa in Côte d'Ivoire with $32M capital Move follows €117M fu...
Cameroon's Constitutional Council declared Paul Biya the winner of the presidential election, secu...
ECOWAS will integrate AI into its early warning systems to strengthen crime prevention and intelli...
NGE wins two contracts for sanitation, coastal protection in Senegal Projects target Dakar’s Hann...
Profit down 23.3% in H1 2025 due to higher loan-loss provisions Non-bank subsidiaries post strong double- and triple-digit gains Group revenue up...
SA FinTech credit surged 38% to $2.9B (R55B), challenging banks' core market and projected to hit $17.7B (R337B) revenue by 2030. Foreign...
A third party is willing to assume Zambia’s $45 million debt to Afreximbank, potentially unlocking the country’s five-year debt restructuring...
Somalia’s livestock exports could reach a record $1 billion by end-2025, marking an eighth consecutive year of growth. The country has tripled...
The Eyo Festival, also known as the Adamu Orisha Play, stands among the most iconic cultural events in Lagos, Nigeria. This traditional Yoruba procession,...
Asmara, the capital of Eritrea, is often described as Africa’s modern city for its remarkable architectural heritage and forward-thinking urban design....