Predictive Discovery to merge with Robex Resources in a $1.5bn deal.

Predictive Discovery, a gold exploration company, agreed to merge with Robex Resources, a gold production and development company, in a $1.5bn deal. “By combining two of West Africa’s largest and most advanced gold development projects and leveraging the proven track record of both management teams in Africa, we are creating a company that positions Guinea to become one of Africa’s top five gold producers. The new, diversified company will not only further de-risk our flagship Bankan Project, but also deliver enduring value for shareholders, the communities where we operate and Guinea as a whole,” Andrew Pardey, PDI Chief Executive Officer and Managing Director.