Glencore, Randgold Form Group to Challenge Congo Law Changes [Bloomberg Business News]
Barrick Gold Corporation (BC) (GOLD)
Last barrick gold corporation (bc) earnings: 2/12 07:00 am
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Source: Bloomberg Business News
Glencore Plc and Randgold Resources Ltd. are among major mining companies in the Democratic Republic of Congo clubbing together in a bid to stop sweeping legal reforms, claiming their interests were poorly served by the existing industry body. In a letter sent to Congolese President Joseph Kabila on Feb. 8 and seen by Bloomberg, investors requested a meeting “to once again put forward our positions” about changes to the mining code approved by lawmakers Jan. 27. The new code will overhaul Congo’s most important economic sector if Kabila signs it, raising the cost of doing business for investors in Africa’s biggest copper producer, while boosting the state’s share of mining revenue. Investors want the newly created body to replace the Chamber of Mines, which is part of Congo’s main private sector lobby group, after it “was unable to satisfactorily consolidate and communicate our wishes during the re-visitation of the Mining Code,” according to the letter. China Mo
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- Barrick Gold Corp (NYSE: GOLD) had its price target lowered by analysts at BMO Capital Markets from $27.00 to $26.00. They now have an "outperform" rating on the stock.MarketBeat
GOLD
Earnings
- 2/14/24 - Beat
GOLD
Sec Filings
- 3/28/24 - Form 6-K
- 3/15/24 - Form 6-K
- 3/15/24 - Form 6-K
- GOLD's page on the SEC website