--A group of mining companies including Randgold Resources Ltd., Glencore PLC and Ivanhoe Mines Ltd. have warned the government of the Congo that its new mining code will cost the country $3 billion over a decade, according to Bloomberg.

--The mining companies said they intend "to protect their rights", according to a note that the companies sent to the Mines Ministry, Bloomberg reports.

--Negotiations with the government have so far failed resolve the companies' concerns, Bloomberg says.

Full story: https://bloom.bg/2L26aM8

Write to Barcelona editors at barcelonaeditors@dowjones.com

(END) Dow Jones Newswires

May 30, 2018 02:08 ET (06:08 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
Randgold Resources Limited ADS Each Represented BY One Ordinary Share (delisted) (NASDAQ:GOLD)
Historical Stock Chart
From Oct 2024 to Nov 2024 Click Here for more Randgold Resources Limited ADS Each Represented BY One Ordinary Share (delisted) Charts.
Randgold Resources Limited ADS Each Represented BY One Ordinary Share (delisted) (NASDAQ:GOLD)
Historical Stock Chart
From Nov 2023 to Nov 2024 Click Here for more Randgold Resources Limited ADS Each Represented BY One Ordinary Share (delisted) Charts.