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Barrick weighs sale of $1.9 billion Acacia stake, sources tell Reuters

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Published : July 27th, 2016
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Category : GoldWire

Barrick Gold Corp, the world's largest gold producer, is weighing a sale of its majority stake in African unit Acacia Mining and has approached several South African miners, according to sources familiar with the situation.

The potential sale would be part of Barrick's broader strategy of selling non-core assets to reduce its debt load. The Toronto-based company offloaded stakes in several mines last year.

The talks are at an early stage and there is no assurance a deal will be done, the sources said.

Barrick owns 64 percent of Acacia, a London-listed miner with three producing gold mines in Tanzania: Bulyanhulu, Buzwagi, and North Mara. Much of the remainder of Acacia is widely held. ...

... For the remainder of the report:

http://www.reuters.com/article/us-barrick-gol...-divestitur-...

 

Data and Statistics for these countries : Tanzania | All
Gold and Silver Prices for these countries : Tanzania | All
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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.
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