All about Randgold and Barrick’s $18bn deal to create world’s biggest miner


London-listed Randgold Resources and Canadian miner Barrick have agreed to merge in a deal worth more than $18bn (£14bn) to create the world’s largest gold miner.

Under the terms of the deal, the combined group will be known as the New Barrick Group and will own five of the world’s 10 lowest cost gold mines.

“Randgold has the agility and swift-footedness of a younger and smaller company, much like Barrick in its early years while Barrick has the infrastructure and global reach of a large corporate company,” Barrick Chairman John Thornton told media.

Randgold boss Mark Bristow will become the chief executive of the new merged company while Thornton will be executive chairman.