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Home>GoldWire>Chinese miners in talks for stake in Barrick's Veladero mine, Reuters says

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Chinese miners in talks for stake in Barrick's Veladero mine, Reuters says

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Chris Powell

GATA

Published : October 27th, 2016

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FOLLOW : Argentina China Chinese Georgia Gold Gold Mine Miners Mines

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Category : GoldWire


	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-percent 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. The high quality of the mine, production capacity, and the prospect for geographical diversification have appealed to the state-owned Chinese suitors, said three of the sources, who requested anonymity because the matter is private. All spoke over the past week. ... ... For the remainder of the report: http://www.reuters.com/article/us-barrick-gol...a-idUSKCN12P2QD

Data and Statistics for these countries : Argentina | China | Georgia | All

Gold and Silver Prices for these countries : Argentina | China | Georgia | 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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