China's Shandong Gold Mining Co. Ltd. will pay $960 million for a 50 percent stake in Barrick Gold Corp.'s Veladero gold mine in Argentina, the Canadian miner said in a press release today.
The deal, which confirms an earlier Reuters report about the talks, will also see the two firms look at jointly developing the nearby undeveloped Pascua-Lama gold and silver project that straddles the border of Argentina and Chile.
Barrick added the two miners would also look at other additional investment opportunities on the El Indio Gold Belt. ...
... For the remainder of the report:
http://www.reuters.com/article/us-barrick-gol...-gold-idUSKB...
