Barrick Gold eyes more copper assets in Congo - executive

TORONTO/LONDON (Reuters) - Barrick Gold (ABX.TO) is interested in buying more copper mines in the Democratic Republic of Congo (DRC), the incoming COO of Africa and the Middle East region said in an investor presentation in London Friday.

“Barrick has one of the best competitive advantages in the DRC, should a world class opportunity present itself in the region,” Willem Jacobs said via webcast.

“Exploiting (our) already substantial footprint and presence in the DRC to acquire a world-class deposit is certainly an opportunity which we will pursue,” he said ahead of the $6.1 billion merger with Randgold Resources (RRS.L) expected to close Jan 1.

Reporting by Susan Taylor in Toronto and Zandi Shabalala in London; Editing by Chizu Nomiyama

Our Standards:The Thomson Reuters Trust Principles. Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Mixed outlook for gold as it remains range bound for past three months

Gold stocks down on flat metal price

Gold stocks down on metal decline

Huge quantifiable rise in geopolitical, economic and trade risks

Platinum clearly ahead of palladium for first time in seven years