Randgold signs joint venture for gold project in Congo

Tue Apr 19, 2016 12:06pm EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

KINSHASA, April 19 (Reuters) - 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. (Reporting By Aaron Ross; editing by Matthew Mpoke Bigg and David Clarke)