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Reuters: Chinese miner in talks to buy half of Barrick Gold's Veladero mine

Published 04/05/2017, 10:50 AM
© Reuters.  Reuters: Chinese miner in talks to buy half of Barrick Gold's Veladero mine
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  • China's Shandong Gold Mining is in advanced talks to purchase a 50% stake in Barrick Gold's (ABX -1.9%) Veladero gold mine in Argentina, in a deal that could fetch more than $1B, Reuters reports.
  • ABX is no longer in discussions with China's Zijin Mining (OTCPK:ZIJMF) about the Veladero mine stake, according to the report.
  • As part of a plan being discussed, Shandong reportedly also could acquire 50% of ABX's nearby undeveloped Pascua-Lama gold and silver project.


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