Barrick Gold Corp., which agreed to acquire Equinox Minerals Ltd. last month, should have “no cause for concern” over conditions on its takeover of Equinox’s Lumwana mine in Zambia, the country’s mines minister said.
Minmetals Resources, a unit of China state-run China Minmetals Corp, said it would net $150,4-million from the sale of its entire stake in Equinox Minerals Ltd after it withdrew its its bid for the Africa-focused copper miner.
In a filing to the...
The Zambian government will approve Barrick Gold's bid to take over the assets of Equinox Minerals the country because it believes in "a free market," the minister of mines and minerals development said Tuesday.
Barrick Gold Corp.’s agreement to
buy Equinox Minerals Ltd. for the most expensive valuation in a
copper mining takeover still isn’t high enough, according to
traders who profit from mergers and acquisitions.
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