Saturday , November 28 2020

Barrick intends to launch a millionaire bid for New Mining Mining

Canada would consider launching a disadvantage for some US $ 19 billion, which, if it were materialized, would become one of the largest operations in the excavation sector.

Canada's ministry, Barrick, confirmed the second largest gold producer in the world that he had analyzed the option of launching a proposal for all Newmont Mining Corporation shares.

The company said that she had evaluated the option to merge with Newmont, but he explained that there was no decision to do yet in this regard.

Barrick's announcements come after the Globe and Mail newspaper and the Bloomberg agency announced earlier that Canada is considering launching an unfit for Newmont, whose market value amounts to US $ 19 billion, in transaction , certainly, it would become one of the largest operations in the excavation sector.

Both media also noted that one of the options analyzed by Barrick is to launch a proposal for Newmont in conjunction with another company such as Newcrest Mining Ltd.

In 2014, Barrick and Newmont were close to agreeing for merger, but debates were discussed at the last minute because the companies failed to reconcile their views on conditions of operation.

As part of the strategy to increase its production, Barrick completed the purchase and the merger with the gold producer, Randgold Resources, in early January.

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