Source: Mining Weekly

Barrick: Saracen's Super Pit bid cleared

Gold miner Saracen Mineral Holdings' buy of a 50% interest in the Kalgoorlie Super Pit has become unconditional, after the state government approved the transaction. Saracen last week struck an agreement with North American gold miner Barric Gold to acquire its share in the Super Pit mine for $750-million.

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Barrick Gold engages in the exploration and development of mineral properties such as gold, copper and nickel.

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