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Zijin, Shandong go after Barrick Gold’s Veladero mine in Argentina

Posted by ipso facto @ 10:09 on October 26, 2016  

China’s Zijin Mining Group and Shandong Gold Mining are said to be among the firms that have recently approached Canada’s Barrick Gold Corp (TSX, NYSE:ABX) with the intention of buying a 50% stake in one of its Argentine mines.

According to sources familiar with the matter quoted by Reuters, both Asian miners have held separate talks with the world’s largest gold miner by output to try negotiating a deal that could let them grab half the ownership of Veladero, located in the mining-friendly San Juan province of Argentina.

cont. http://www.mining.com/zijin-shandong-go-after-barrick-golds-veladero-mine-in-argentina/

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.