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Montevideo, July 21st 2017 - 02:30 UTC

Tag: Veladero mine

  • Tuesday, April 11th 2017 - 05:30 UTC

    Chinese company buys 50% share of the Veladero mine in Argentina

    Barrick's CEO John Thornton and Shandong chairman Chen Yumin during the ceremony that closed the deal  (Pic by Barrick Gold Corporation)

    Barrick Gold and Shandong Gold, a Chinese company, have signed a strategic co-operation agreement that includes half the Veladero gold mine in Argentina. Shandong has agreed to purchase 50% of the Veladero mine in Argentina for US$960 million, and a joint venture will be created to operate it.