Randgold signs joint venture for gold project in Congo

April 20, 2016

Randgold Resources has entered a joint venture in Democratic Republic of Congo with a company controlled by Israeli billionaire Dan Gertler and a state miner, the company announced in a statement on Tuesday.

The gold project in northeastern Congo with Moku Goldmines AG, majority-owned by Gertler’s Fleurette Group, and state miner Sokimo could allow Randgold to acquire a minimum 51 percent stake by funding and conducting exploration and completing a prefeasibility study, the statement said. Source: Reuters