Barrick’s growth plan for non-IPO mines has its risks
BARRICK Mining’s business outside North America offers growth from assets including Lumwana and Kibali, but Reko Diq remains the main source of doubt in the group’s growth plans.…
Insurgency threatens major China-backed Pakistan mine
PAKISTAN’S largest active copper and gold mine, the China-operated Saindak project in Balochistan, may be forced to halt operations within a month due to worsening insurgent…
NextSource closes in on Abu Dhabi plant funding
NEXTSOURCE CEO Hanré Rossouw said his company wouldn’t jump “head first” into building its proposed battery anode factory in Abu Dhabi given geopolitical tensions in the Middle…
Barrick shifts focus to M&A in less risky jurisdictions
BARRICK Mining Corp is pivoting away from riskier operating environments and returning to mergers and acquisitions, said Bloomberg News on Thursday citing a letter to…
Barrick names leadership team for North America IPO
BARRICK Mining has appointed an executive leadership team for its North American operations as the gold producer moves ahead with plans to list the business in an initial public…
Barrick slows Reko Diq on security fears
BARRICK Mining is extending its review of the Reko Diq copper-gold project in Pakistan and slowing development activity, citing escalating security concerns in the country and…
Barrick gives green light to IPO of North American mines
BARRICK Mining has given the green light to a separation of its North American gold mines through an IPO which it expects to be completed by late 2026. The new company will hold…
Barrick names new CFO as leadership shake up continues
BARRICK Mining has appointed board member Helen Cai as CFO, replacing Graham Shuttleworth in the latest senior departure at the Canadian miner amid speculation over its future,…
Barrick to seek IPO of North American gold assets
BARRICK Mining is to explore an IPO of its North American assets, the Toronto-based group announced on Monday. The listed subsidiary, majority controlled by Barrick Mining, would…
Barrick to pay Mali $430m as bows to mining code
BARRICK Mining has reached a 244bn CFA francs ($430m) settlement with Mali to resolve a two-year dispute that forced closure of the Loulo-Gounkoto gold complex, said Bloomberg…
Activist investor emerges as candidate for Barrick role
ACTIVIST investor Mick McMullen has positioned himself as a contender for the CEO position at Barrick Mining, telling The Globe and Mail that major shareholders have approached…
Miners search for scale in era of minerals diplomacy
The dial has been turned up in the global mining industry. New mines worth an estimated $5-trillion are required over the next 10 years to supply the critical minerals for AI…
Barrick overhauls management amid break-up rumours
BARRICK Mining is implementing a management overhaul and restructuring its regional operations as activist investor Elliott Investment Management acquires a significant stake in…
Elliott stake fuels Barrick restructure talk
ACTIVIST investor Elliott Management has acquired a substantial position in Barrick Mining, intensifying speculation that the world’s second-largest gold producer could pursue a…
Barrick Mining considers splitting off risky assets
CANADA’S Barrick Gold is exploring a potential split into separate North American and Africa-Asia entities, said Reuters citing sources familiar with the company’s deliberations.…
Barrick unveils operational review in wake of Bristow exit
BARRICK Mining used its first quarter following the shock resignation of CEO Mark Bristow to unveil an operational review and to boost returns to shareholders amid record free…
Barrick agrees sale of Tongon for $305m to Atlantic Group
BARRICK Mining said on Monday it had reached an agreement to sell its 89.7% stake in the Tongon mine in Côte d’lvoire to Atlantic Group, a local company, for $305m. The sum…
Gains not enough to save Bristow, Barrick’s domineering CEO
IN a rare public criticism of Mark Bristow, Barrick chairman John Thornton said at the London Indaba conference last year that the company had been too reticent in merger and…
Mark Bristow in shock departure from Barrick Mining
MARK Bristow has stepped down as CEO Barrick Mining Corp. with immediate effect, the Toronto-listed company announced on Monday. He will replaced by Mark Hill, head of Barrick’s…
Barrick surges on game-changer gold discovery
BARRICK Mining Corporation has witnessed its most dramatic share price surge in five years following revelations about a potentially transformative gold discovery in Nevada. The…