Kibali Goldmines Rejects SOKIMO Claim
April 18 2021 - 1:59PM
Kibali Goldmines SA (Kibali) said today it had learned that SOKIMO
SA was attempting for the second time to extort certain benefits
from the company by filing new proceedings with the commercial
court in Kinshasa. SOKIMO is a 10% shareholder in the Kibali gold
mine which is operated by 45% owner Barrick Gold Corporation
(NYSE:GOLD) (TSX:ABX) with the remaining 45% held by AngloGold
Ashanti.
Kibali said SOKIMO had withdrawn its first claim
of this kind after it had been shown to be without foundation.
Kibali also rejects the current proceedings on the basis that it
was similarly spurious and without substance, and would seek its
dismissal as it had done with the previous claim.
Kibali has operated for the past 12 years under
a joint venture agreement with a clear dispute resolution mechanism
which in these instances had been ignored by SOKIMO, the company
said.
Enquiries: |
|
President and CEO Mark Bristow +1
647 205 7694 +44 788 071 1386 |
Investor and Media Relations
Kathy du Plessis +44 20 7557 7738 Email: barrick@dpapr.com |
Website: www.barrick.com |
|
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