London Calling ponders recent Western moves on Africa
A while ago, the world’s biggest gold producer bid more than C$7 billion for Zambian copper miner, Equinox. The takeover is likely to proceed without hitch now that Barrick’s only major competitor, China’s Minmetals, has withdrawn from the race. The market hasn’t been that impressed by Barrick’s move and doubts were expressed as to whether it’s particularly prudent for a company that’s so far only dabbled in the red metal.
Barrick Gold is a Canadian company that is the world’s largest gold producer and in which a number of UK-based funds invest (see