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Following the acquisition, Randgold and AngloGold Ashanti will hold 45% each and OKIMO holds the remaining 10% stake in the project.
Shearman & Sterling LLP is acting as legal advisor to AngloGold.
Deal Value (US$ Million) 113.6 Deal Type Acquisition Sub-Category Asset Purchase Deal Status Announced: 2009-10-31
Deal Participants
Target (Company) Office des Mines d'or de Kilo-Moto (OKIMO) - Kibali Project (formerly Moto Gold Project) - Congo Acquirer 1 (Company) Randgold Resources Limited Acquirer 2 (Company) AngloGold Ashanti Limited Vendor (Company) Office des Mines d'or de Kilo-Moto
% Acquisition 20%
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