Barrick Gold Corp.’s new chief executive officer has a message for the gold industry: This is just the start of a big shakeup. Barrick agreed to buy smaller rival Randgold Resources Ltd. in a $5.4 billion (U.S.) deal announced in September. “Without a doubt, this industry needs transformation,” Bristow said in an interview from New York, where the combined company started trading Wednesday. Read more:Article Continued BelowMiners talk about artificial intelligence but do less Barrick Gold retreats from digital reinvention Randgold shareholders vote in favour of merger with Barrick Gold While John Thornton will continue as executive chairman, Randgold personnel will populate much of the upper management. Graham Shuttleworth, who was Randgold’s chief financial officer, assumes the same role in the merged company, while Randgold’s Willem Jacobs will head Barrick’s Africa and Middle East division.

Source: thestar January 03, 2019 14:37 UTC