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Barrick sells 50% interest in Veladero to Shandong Gold for $960 million
Barrick Gold announced on Apr 6, 2017 that as a first step in a new partnership with Shandong Gold Mining, of China, Shandong will acquire a 50% interest in Barrick's Veladero mine in San Juan province, Argentina, for $960 million. As a second step, Barrick and Shandong will form a working group to explore the joint development of the cross-border Argentina-Chile Pascua-Lama deposit, which is located 10 km from Veladero. As a third step, both companies will evaluate additional investment opportunities on the highly prospective El Indio gold belt on the Argentina-Chile border, which hosts a cluster of world-class gold mines and projects, including Veladero and Pascua-Lama.
Barrick sells 50% interest in Veladero to Shandong Gold for $960 million
Barrick Gold announced on Apr 6, 2017 that as a first step in a new partnership with Shandong Gold Mining, of China, Shandong will acquire a 50% interest in Barrick's Veladero mine in San Juan province, Argentina, for $960 million. As a second step, Barrick and Shandong will form a working group to explore the joint development of the cross-border Argentina-Chile Pascua-Lama deposit, which is located 10 km from Veladero. As a third step, both companies will evaluate additional investment opportunities on the highly prospective El Indio gold belt on the Argentina-Chile border, which hosts a cluster of world-class gold mines and projects, including Veladero and Pascua-Lama.
Barrick sells 50% interest in Veladero to Shandong Gold for $960 million
2017
Article (Journal)
English
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