AJN yields to Barrick pressure, won’t buy into Kibali mine
Mining News Pro - Canadian junior AJN Resources has dropped plans to acquire 10% of the Kibali gold mine in the Democratic Republic of Congo from state-owned Société Minière de Kilo-Moto (SOKIMO), after facing stern opposition from Barrick Gold, the mine’s operator.
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AJN shares slump after Barrick moves to block Kibali stake purchase
Mining News Pro - Shares in junior miner AJN Resources tumbled after Barrick Gold, the operator of Congo’s biggest gold mine, issued a cease-and-desist notice to block AJN’s acquisition of a 10% stake in the mine which it says the deal undervalues.
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