Zambia says Saudi’s Manara interested in its copper assets
Manara is reportedly closing in on a deal to buy a minority stake in First Quantum Minerals' assets in Zambia.
Barrick Gold is suing Goldcorp over the El Morro copper mine in Chile, the Globe and Mail reported yesterday.
According to the newspaper:
Toronto-based Barrick Gold Corp., (ABX-T44.24-0.39-0.87%) the world’s largest gold producer, is fighting Goldcorp Inc. (G-T46.82-0.59-1.24%)after the Vancouver company scooped up a majority stake in the El Morro development, one of the largest known copper and gold deposits in South America.
Barrick alleges Goldcorp’s deal to buy Swiss miner Xstrata PLC’s 70-per-cent stake in El Morro was done illegally and is suing both parties, along with New Gold Inc., (NGD-T9.09-0.06-0.66%) which has a 30-per-cent stake in the project.
Comments
Dalel Mcrae
Like Barrick Gold does not have enough and has been nothing but the big bully in a global way.
SO is the lust of money and the subsequent attempts to posses all this corporation can , all in the name of being beholden to the shareholders…… call corporate greed what it is….