South African competition authorities consider proposed Barrick, Randgold merger

South Africa’s Competition Tribunal will, on Wednesday, consider the proposed merger between TSX- and NYSE-listed Barrick Gold and LSE-listed Randgold Resources. The gold miners announced in September that Barrick plans to acquire Randgold in an $18.3-billion share deal. If the buyout is concluded, Randgold CEO Mark Bristow will take over as CEO of the enlarged Barrick, which will become the world’s largest gold miner.