Dealmaker sues Randgold for up to $18 million over Barrick merger work

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Dealmaker Ian Hannam is suing Randgold Resources for up to $18 million he says he is owed for work on its acquisition by Canada’s Barrick Gold, telling a London court on Friday that the gold miner reneged on their agreement.

Hannam entered the witness box this week to give evidence for his advisory boutique Hannam & Partners’ case over an agreement he says was reached shortly before Barrick’s “The Barrick-Randgold merger has been hugely successful,” Hannam & Partners’ lawyer Matthew Hardwick said on the first day of the trial on Wednesday, adding: “But for Ian Hannam’s vision, it would not have happened.”

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