Chinese miners in talks for 50% stake in Barrick’s Veladero mine: sources

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...