Barrick Gold Will Divest 10% Stake In African Unit To Optimize Portfolio |
| March 11, 2014 | March 2014 Bond Updates |
|
Barrick has been looking to get rid of its African operations for a long time. An attempted sale to China National Gold last year failed after talks broke down over the issue of price. ABG’s operations are high-cost and the operating environment is difficult which creates unwillingness on the part of potential buyers to pay a high price. |
| View more at: http://www.forbes.com/sites/greatspeculations/2014/03/11/barrick-gold-will-divest-10-stake-in-african-unit-to-optimize-portfolio/ |
| Related News |