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Tuesday, August 5, 2014

China In Talks To Buy Barrick’s Stake In Tanzania Miner



China National Gold Group Corp. is in talks about buying Barrick Gold Corp. (ABX)’s African unit as the world’s biggest commodity-consuming nation continues to snap up resources on the continent.

There’s no certainty that China National Gold will make an offer for Barrick’s 73.9 percent stake in African Barrick Gold Plc (ABG), Toronto-based Barrick said in a statement today. UBS AG is advising the Canadian company, according to the statement.

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