The Globe and Mail reports in its Tuesday edition that Barrick Gold is planning to sell its 50-per-cent share of the Kalgoorlie mine in Australia and has identified two Australian companies as possible buyers. The Globe's Niall McGee quotes Barrick chief executive officer Mark Bristow saying: "There's a lot of very interested parties in that asset, whether it's Northern Star or Evolution [Mining]. Those mid-cap Aussie guys are doing extremely well." After Barrick bought Randgold Resources for $6-billion earlier this year, the company said it intended to divest about $1.5-billion in assets to concentrate on its highest-returning assets, such as its mines in Nevada and its massive Pueblo Viejo mine in the Dominican Republic, which needs about $1-billion in capital expenditure over the next few years (all figures U.S.). Kalgoorlie, in Western Australia, is on track to produce about 270,000 ounces of gold this year. In the second quarter, its all-in sustaining cost was $1,204 an ounce, making it among Barrick's highest-cost mines. Barrick co-owns the asset alongside Nevada-based Newmont Goldcorp, the world's biggest gold producer. Newmont is the operator, meaning Barrick has little influence in running the mine.