Home 禄 Business 禄 Manufacturing
Chinese firm eyes Argentina mine stake
CHINA’S Shandong Gold Mining Co will pay US$960 million for 50 percent of Barrick Gold Corp’s Veladero gold mine in Argentina, the Canadian miner said in a press release yesterday.
The deal will also see the two companies look at jointly developing the nearby undeveloped Pascua-Lama gold and silver project which straddles the border of Argentina and Chile.
Barrick added that the two miners would also look at other additional investment opportunities on the El Indio Gold Belt.
“Shandong is an ideal partner to help us unlock the untapped mineral wealth of the El Indio Belt over the long term, while working with us to generate more value from the Veladero mine today,” Barrick Executive Chairman John Thornton said.
Shandong Gold’s Chairman Chen Yumin said in the release that the miner was looking to “build a long-term relationship” with Barrick.
“We are excited to enter Argentina’s dynamic mining industry in partnership with Barrick at Veladero, while exploring other opportunities in one of the most prospective mineral districts in the world,” Chen said.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔$粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.