Barrick Gold Corporation and Saudi Arabian Mining Company (MA’ADEN) Formed JV

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15 Jul 2014 17:38 Valerie Rose

CHEMMONITOR.COM - Canada-based gold mining company Barrick Gold Corporation and Saudi Arabian Mining Company (MA’ADEN) will jointly exploit the Jabal Sayid copper mine (Saudi Arabia). For that, the parties decided to establish a JV. Barrick Gold Corporation will sell 50% stake in the JV to MA’ADEN for USD 210 million. The deal is likely to be finished in Q4 of 2014.

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