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Barrick Gold and Randgold join to form a mega-miner

International Business. 


Africa is well known for its vast mineral resources. Thus, has attracted a large number of investors in the common called “The less developed continent on the planet”. We have witness multinationals mining companies such as BHP Billiton, Anglo American, Glencor, RandGold or even Barrick Gold, investing heavily in Africa. As part of international business, most of these companies have largely succeed in that sector for more than a decade.
            Speaking about RandGold Resources; the company has significantly been reported to be in serious debts over the past couple years. RandGold Resources is an Anglo Norman gold mining company exploiting its major resources in Africa; precisely in the Democratic Republic of Congo, Mali, and Ivory cost. The company had recently shared its desire to be sold and that come as a result in September 2018 where they found an agreement for the selling of the company’s shares with Barrick Gold for $6.5bn. The pair have to combine in and do business together.  Although Barrick Gold will make a good profit out of the deal, it will have to face the different challenges RandGold had face while doing businesses in those particular country.
Eventually, the Canadian giant [Barrick Gold] will have to come up with a very strong strategic and business plan in order to have a successful business. For instance, the Democratic Republic of Congo has recently passed new strong laws on mining investments in the region. Subsequently, Africa is known for it unstable political status among its countries and that makes the challenges even more complex for the Mega-Miner.
 In the textbook, chapter 9, section 9.4 talks about the business in the global environment. it mentions the different aspects to consider when doing business in a foreign country. Therefore the two main aspect in which the Mega-Miner will have to face and eventually understand to succeed in their business, surely will have to be the Economic Environment and the Legal and Regulatory Environment (as mention in the textbook) of the countries they invest in. 


(Sept 27th, 2018). Barrick Gold and RandGold Join to form a Mega-Miner. The Economist. Retrieve from: https://www.economist.com/business/2018/09/29/barrick-gold-and-randgold-join-to-form-a-mega-miner 


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