Barrick Gold (NYSE: GOLD) (TSX: ABX) is apparently looking for to unload its 50% risk in the Zaldivar copper mine in Chile, as the miner changes its emphasis in the direction of bigger and a lot more profitable procedures.
Resources accustomed to the issue informed Bloomberg on Monday that the business has actually involved experts and started conversations with prospective purchasers concerning its rate of interest in the fairly tiny mine.
Zaldivar mine, situated in north Chile, regarding 1,400 kilometres north of resources Santiago, runs as a 50/50 joint endeavor with Chilean miner Antofagasta (LON: ANTO). The mine created around 80,000 tonnes of copper in 2015, a number that fades in contrast to bigger mines in the area.
Antofagasta is going on with a $1.2 billion expansion of the mine, which would certainly maintain procedures going through 2051.
While Barrick Gold is eager to increase right into the copper field, the business is likewise focusing on the simplification of its company version. This consists of a concentrate on tier-one properties and initiatives to minimize financial obligation.
Barrick had actually not replied to queries from MINING.COM relating to the prospective sale at the time of magazine. The divestment procedure continues to be in its beginning, according to Bloomberg resources, and it doubts whether a bargain will certainly emerge.
Looking in advance, Barrick Gold’s tactical pivot seems centred on its Reko Diq copper project in Pakistan and the Lumwana mine in Zambia, where the business is readied to handle the duty of driver.
The business is likewise taking care of concerns at its Loulo-Gounkoto gold complicated Mali, where procedures were suspended last week, in the most recent rise of a months-long conflict.
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发布者：Cecilia Jamasmie，转转请注明出处：https://robotalks.cn/barrick-eyes-sale-of-stake-in-zaldivar-copper-mine-report/
