BARRICK’S CONGO MINE REJECTS FINANCIAL CLAIM

Kibali Goldmines SA, the Congolese joint venture of Barrick and Anglogold Ashanti, said its 10 per cent shareholder Société Minière de Kilo-moto (SOKIMO) had filed a financial claim against it in a Kinshasa commercial court. The Democratic Republic of Congo news website objectif-infos.cd published documents Sunday showing state-owned SOKIMO filed proceedings on April 16 claiming Kibali owed SOKIMO US$1.1138 billion in unpaid dividends and other funds. Kibali described the claim as a second attempt by SOKIMO to “extort certain benefits from the company.” “Kibali also rejects the current proceedings on the basis that it was similarly spurious and without substance, and would seek its dismissal as it had done with the previous claim.”