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$18.3 Billion Deal Creates Global Mining Giant

mineworld

Canada’s Barrick Gold (TSX, NYSE:ABX), the world’s largest bullion producer by value, is about to become even bigger as it has agreed to buy Randgold Resources (LON:RRS) in a $18.3 billion share deal, the biggest in the gold sector in the past three years.

The new Barrick, valued at $24 billion including debt, would be now the world’s top gold miner by value and output, with a dominant position in Africa. CLICK for complete article

$18.3 Billion Deal Creates Global Mining Giant

mineworld

Canada’s Barrick Gold (TSX, NYSE:ABX), the world’s largest bullion producer by value, is about to become even bigger as it has agreed to buy Randgold Resources (LON:RRS) in a $18.3 billion share deal, the biggest in the gold sector in the past three years.

The new Barrick, valued at $24 billion including debt, would be now the world’s top gold miner by value and output, with a dominant position in Africa. CLICK for complete article

$18.3 Billion Deal Creates Global Mining Giant

mineworld

Canada’s Barrick Gold (TSX, NYSE:ABX), the world’s largest bullion producer by value, is about to become even bigger as it has agreed to buy Randgold Resources (LON:RRS) in a $18.3 billion share deal, the biggest in the gold sector in the past three years.

The new Barrick, valued at $24 billion including debt, would be now the world’s top gold miner by value and output, with a dominant position in Africa. CLICK for complete article

Instagram Co-Founders Leave Facebook

isntagram

Instagram co-founders Kevin Systrom and Mike Krieger resigned Monday and didn’t offer a reason to the parent company.

Sources close to the matter told TechCrunch the departure is due to rising tension between Facebook and Instagram’s leaders likely the result of a management shuffle in May. Specifically, Instagram’s former VP of Product Kevin Weil moved to work with Facebook’s blockchain technology and was replaced with the Adam Mosseri, who was VP of Facebook News Feed and part of Facebook CEO Mark Zuckerberg’s “inner circle.” CLICK for complete article