GLOBAL NEWS •
CANADA:
BARRICK SELLS TONGON STAKE FOR USD305-MILLION
Global news
On 6 October 2025, Barrick Mining Corporation announced that it would sell its Tongon Gold Mine and certain exploration properties( Exploration Permits) in Côte d’ Ivoire to the Atlantic Group for a total consideration of up to USD305-million.
The consideration comprises a cash amount of USD192-million, inclusive of a USD23-million shareholder loan repayment within six months of closing and contingent cash payments of up to USD113- million payable based on the price of gold over 2.5 years and resource conversions over 5 years.
EUROPE, MIDDLE EAST, AFRICA:
‘ GIVING BACK’ STRENGTHENS COMMUNITY TIES
Barrick noted that proceeds from the sale would be used to strengthen the company’ s balance sheet and support their commitment to continue to deliver returns to shareholders.
Founded 48 years ago and owned by an Ivorian entrepreneur, Atlantic is a privately held multisectoral Pan-African Group with diversified interests in financial services, agriculture and industry, and a strong footprint across 15 countries in Africa.
The acquisition will be completed through the purchase of Barrick’ s interests in the two Ivorian subsidiaries that hold the mine and exploration permits. By transitioning ownership to an Ivorian partner, Tongon enters a new chapter under local stewardship while preserving its track record of operational excellence and community benefits.
Originally scheduled for closure in 2020, Tongon has continued to be extended through successful exploration by Barrick. Since pouring its first gold in 2010, Tongon has generated over USD2- billion to the Ivorian economy in the form of taxes, infrastructure development, salaries and payments to local suppliers.
The transaction was completed in late 2025, subject to customary closing conditions being satisfied, including approval by the government of Côte d’ lvoire.
TD Securities Inc. and Treadstone Resource Partners are acting as financial advisors to Barrick. Lawson Lundell LLP is acting as legal counsel to Barrick.
Source: supplied by Barrick Mining Corporation
The acquisition will be completed through the purchase of Barrick’ s interests in the two Ivorian subsidiaries that hold the mine and exploration permits.
Supplied by Doosan Bobcat
Through the initiative, efforts were focused on key impact areas such as parks and recreation and environmental sustainability.
A global initiative to strengthen community ties came to life during Doosan Bobcat Community Days, which mobilised hundreds of employees across 23 locations in 12 countries, including Europe, the Middle East, Africa, South Korea, China and North America.
Employees from the different regions joined colleagues across the globe for the Doosan Bobcat Community Days, an annual tradition that brings teams together to volunteer in the communities where they live and work. This serves as part of the company’ s ongoing global commitment to community partnership.
“ Doosan Bobcat Community Days is about creating meaningful connections, both with one another and with the communities we’ re proud to be part of and serve around the world,” said Scott Park, CEO and vice-chair of Doosan Bobcat.“ Our employees generously give their time and talents to make a real difference. That spirit of caring is what makes our company and the communities we call home stronger.”
Volunteer efforts focused on key impact areas such as parks and recreation, health and wellness, education, environmental sustainability and safe housing.
www. africanmining. co. za African Mining Publication African Mining African Mining • January 2026 • 9