His reputation was, however, dented more than a decade ago when he was fined 450,000 pounds (now roughly $574,000) for improperly disclosing information, though his actions were not found to lack integrity.
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 2018 acquisition of Randgold, which says the lawsuit is baseless.
Hannam & Partners says it was promised a minimum of $10 million, with the figure to increase if the deal was worth more than $10 billion.
Its lawyers say Hannam brokered discussions involving Randgold’s then CEO Mark Bristow and Barrick’s then executive chairman John Thornton, which led to the merger.
After Barrick and Randgold agreed a deal ultimately worth some $18 billion, Hannam asked for $18 million but was rebuffed.
“The Barrick-Randgold merger has been…
