Ms. Susan Muir reports
BARRICK COMPLETES FORMATION OF STRATEGIC JOINT VENTURE AT PORGERA
Barrick Gold Corp. has completed the formation of a strategic joint venture with Zijin Mining Group Co. Ltd., including the sale of a 50-per-cent interest in Barrick (Niugini) Ltd. (BNL) for a total cash consideration of $298-million. Proceeds from the transaction will be used to repay debt.
BNL is the 95 per cent owner and manager of the Porgera joint venture gold mine in Papua New Guinea.
We seek Safe Harbor.
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