The Globe and Mail reports in its Saturday edition that Barrick Gold has chosen former Citigroup banker Michael Klein's firm, M. Klein and Co. LLC, and Morgan Stanley as its financial advisers for one of its largest deals in its history -- the $6-billion acquisition of Randgold Resources (all figures U.S.). The Globe's Rachelle Younglai writes that Toronto was once the centre of the mining universe, with major companies such as Falconbridge and Inco generating work for domestic lenders and allowing them to hold their own against global banks like Goldman Sachs and Morgan Stanley. Today, Barrick is one of the few global mining companies headquartered in Toronto, while most of the world's biggest mining firms are in London, Australia and the United States. Now, M. Klein and Morgan Stanley could earn between $25-million and $35-million in banking fees. Randgold's advisers, Britain-based Barclays and CIBC, could earn between $35-million and $45-million. It is a blow to Royal Bank of Canada, which for years was Barrick's go-to financial adviser and was routinely chosen for its biggest deals. Royal Bank was used for the gold miner's $7.5-billion acquisition of copper company Equinox in 2011. RBC declined to comment.