Randgold Resources Ltd. moved to cut ties with Israeli billionaire Dan Gertler, its partner in a gold project in the Democratic Republic of Congo and who has been sanctioned by the U.S. over alleged corruption.
Randgold has told Gertler’s Fleurette Group that it can’t continue with the joint development of the Moku-Beverendi project in Congo’s northeast, Chief Executive Officer Mark Bristow said. Randgold, which in 2016 agreed to fund and conduct exploration at the project, is awaiting a response from Fleurette.