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Gold price slump puts Barrick’s Super Pit deal with Minjar at risk

Cecilia Jamasmie | December 02, 2016 | 3:46 am Precious Metals Australia China Europe Gold 

A recent and sharp decline in gold prices is casting serious doubts on the feasibility of China’s Minjar Gold’s $1.3 billion bid for Barrick’s 50% stake in Australia’s Kalgoorlie “Super Pit” mine. Minjar, a unit of Shanghai-listed Shandong Tyan Home, had...

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