Take physic, pomp

More on Barrick’s (ABX) cozying up to China from Reuters (via TD Sec) today

Right here. Excerpt here

VANCOUVER, June 19 (Reuters) – Any alliance between Barrick Gold Corp and China’s sole state-owned gold mining company is likely to involve a smaller, non-core Barrick mine or project and not any of the Canadian miner’s main assets, a China National Gold Group official said on Thursday.
Barrick, the world’s biggest gold producer, and China National, China’s largest producer, have held talks at least three times this year on ways to cooperate, China National President Xin Song said in an interview.
Barrick’s appointment of John Thornton, a China expert, as chairman this year has heightened expectations that the Toronto-based company may be seeking an alliance with Chinese investors, possibly for its large but stalled Pascua-Lama gold and silver project in South America

And remember folks: Citic and a JV on Pascua Lama is a separate deal (and you heard it here first back in February)

Leave a Reply

Your email address will not be published. Required fields are marked *

Hello, you are not in a chatroom, you are in my living room. Opposing views and criticisms welcome, insults or urinating on furniture unwelcome. Please refrain from swearing if possible, it is not needed.