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Stock Market & Financial Investment News

News Breaks
April 25, 2014
12:06 EDTNEM, ABXNewmont Mining CEO says 'open to opportunities' to make company stronger
Regarding recent media speculation of a potential deal with Barrick Gold (ABX), Newmont Mining (NEM) CEO Gary Goldberg said his company was "open to opportunities that can make our company stronger and benefit our shareholders and other stakeholders." He said the company continues to be focused on running the business. Comments made earlier on the Q1 earnings conference call.
News For NEM;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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