Chinese miners in talks for 50% stake in Barrick’s Veladero mine: sources
By News on the Net -- Financial Post—— Bio and Archives--October 26, 2016
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TORONTO/VANCOUVER — China’s Zijin Mining Group Co Ltd and Shandong Gold Mining Co Ltd have held separate talks with Barrick Gold Corp to buy a 50 per cent stake in its Veladero gold mine in Argentina, according to four sources with knowledge of the process.
Veladero is one of Barrick’s five core mines; all are in the Americas. It is expected to produce between 580,000 and 640,000 ounces of gold this year. -- More...
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