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Randgold-Barrick merger "broadly positive" - Mining Capital's Alastair Ford

Alastair Ford

Mining Capital's Alastair Ford tells Proactive that the merger between  FTSE 100 miner Randgold Resources (LON:RRS) and Canadian firm Barrick Gold Corp (NYSE:ABX) has taken the market by surprise but is "on the whole broadly positive".

Ford says that the deal will generate significant cost savings for both groups, as well as bolstering each other's geographical spread.

However, Ford adds that the merger will open a void in the London market, with speculation around who will fill the gap left by Randgold.

Quick facts: Randgold Resources Limited

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LSE:RRS
Market: LSE
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