By Gillian Tan, Alistair MacDonald, and Dana Mattioli
The Wall Street Journal
Friday, April 18, 2014
Barrick Gold Corp. and Newmont Mining Corp. recently held abortive talks over a deal that would have combined the world's two largest gold producers at a time when they are battling a sharp drop in the price of gold, according to people familiar with the matter.
The two companies had intended to announce a deal as early as Tuesday, one of the people said. They have discussed combining a number of times before, people familiar with the matter have said, and it is possible they could do so again.
The deal talks come as the companies try to adapt to lower gold prices. The precious metal's futures fell 28 percent last year, their biggest annual price drop since 1981. ...
... For the full story:
http://online.wsj.com/news/articles/SB1000142...457950983405...
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