South Africa: Mark Bristow and His Randgold Team Tick the Right Boxes to Run the Biggest Gold Merger Ever

analysis

Mining eats money like competitors eat frankfurters in a hot dog eating competition, writes former mining CEO Peter Flack. This fact and others means that mining executives need to be a different kind of CEO. So what makes a good mining executive? Dig in...

Before anyone raises the question, no one has suggested, hinted, let alone asked me to write this article. But it did enter my mind after reading about the contested acquisition of Newmont by Barrick in Daily Maverick and later in The Economist that one the key questions shareholders in these companies might want to ask is this: What makes a good mining executive?

Clearly, the Barrick shareholders asked and answered the question when they appointed Mark Bristow, CEO of the smaller Randgold Resources, which Barrick recently acquired for more than $6-billion, to take over the running of the merged group assisted by a number of other key Randgold Resources' executives.

Randgold Resources was, without putting too fine a point on it, Bristow's baby. He envisioned it. He and his team came up with the strategy. They went out and found the mineral deposits, raised the money, built the mines and listed the business on the London...

See What Everyone is Watching

More From: Daily Maverick

Don't Miss

AllAfrica publishes around 600 reports a day from more than 150 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.