Barrick’s Congo mine rejects financial claim by state-owned shareholder

The Toronto-based miner has joined forces with scientific consulting company Metron

It turned out to be an inside job.

This labour dispute is only the latest of the company’s recent management shakeups.

In the past 23 years, Banro Corp. had its Congo gold assets seized, got them back, built two mines, closed one after attacks by militants and sought bankruptcy protection.

Cerro Blanco is a permitted, high-grade underground gold project located in southeastern Guatemala.

In a three-year partnership, supported by a R6-million Gold Fields grant in 2017, a range of research projects are underway at both post-graduate and under-graduate level in the Wits School of Mining Engineering.

As the monetary growth is believed to lead financial conditions, the slow rate of money-supply growth increases the risk of recession in the coming months.

Gold is trading near a six-year high as simmering geopolitical and trade tensions boost demand for havens.

The company forecasts gold-equivalent ounces sold to be between 63,000 and 70,000 ounces this year.