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Stock Market & Financial Investment News

News Breaks
March 26, 2013
12:36 EDTABXBarrick Gold searches for chairman successor, WSJ says
In a letter to shareholders, Peter Munk, the chairman and founder of Barrick Gold (ABX), a producer and marketer of gold located in Canada, signaled to investors that the company is looking for a successor for him, says the Wall Street Journal. The Journal notes that in his letter to shareholders , Mr. Munk seems to point to his co-chairman, John Thornton, as being a contender for the position. Reference Link
News For ABX From The Last 14 Days
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May 26, 2015
10:28 EDTABXBarrick Gold falls on weak gold pricing
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06:15 EDTABXBarrick Gold forms strategic partnership with Zijing Mining Group
Barrick Gold announced that it has formed a strategic partnership with leading Chinese mining company Zijin Mining Group. As a first step, Zijin will acquire 50% of Barrick Limited, or BNL, the company which owns 95% of and manages the Porgera Joint Venture gold mine in Papua New Guinea. In addition, Barrick and Zijin have signed a long-term strategic cooperation agreement which outlines the intent of both companies to collaborate on future projects and joint investments, leveraging the strengths of each company. Zijin and Barrick recognize the significant potential that exists at Porgera. Combining Barrick's experience and track record of operating success in Papua New Guinea with Zijin's strong cost management capabilities will help to unlock the full value of this mine for the benefit of all stakeholders. Zijin will pay $298M in cash for a 50% interest in BNL. The transaction is expected to be completed in the Q3 and is subject to customary closing conditions.
May 25, 2015
12:58 EDTABXBarrick Gold agrees to sell Cowal mine to Evolution Mining for $550M
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