Randgold-Barrick merger clears last major milestone

Trading in Randgold Resources on the LSE and Nasdaq will cease on December 31, as its $6.1-billion share-for-share merger with Barrick Gold cleared its last major milestone.

The Royal Court of Jersey on Monday sanctioned the scheme of arrangement, which will give effect to the merger of the Africa-focused gold mining company with the world’s largest bullion producer.