TSX-Listed Teranga Gold has reached an agreement with Barrick Gold Corporation for the acquisition of its 90% interest in the Massawa Gold Project in Senegal, in a transaction worth up to US$430 million. The deal consists of a $380 million upfront payment comprised of 20.72 million...
Tanzania has revoked a retention license for an undeveloped nickel project jointly owned by mining giants Barrick Gold Corp and Glencore. The Kabanga nickel project in Northwestern Tanzania was one of 11 projects that had its retention licenses cancelled by the government under the Mining (Mineral...
The world’s biggest gold producer Barrick Gold Corp has said it will work with the Tanzanian government to ensure the current mineral export ban is lifted by the first half of 2018. The Canadian company made the comments in its Q3 earnings statement, which revealed a...
China’s Shandong Gold Mining will buy a 50% stake in Barrick Gold Corp’s (NYSE:ABX) Veladero gold mine in Argentina, in a deal worth US$960 million. The deal will also open up doors for further joint venture opportunities between the two miners across the El Indio Belt,...
