Setback for company in goldmine takeover

Setback for company in goldmine takeover

Randgold Resources, a London-listed South African mining company which has its registered office in La Motte Street, has announced that it is ‘reviewing its position’ regarding an offer for Ashanti Goldfields after the board of the West African company recommended an improved offer from AngloGold, the world’s third largest mining company.

ut Randgold remains optimistic that its $1.

billion share offer for Ashanti is still more attractive than AngloGold’s lower bid.

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