Barrick and Newmont talks ‘constructive’


Newmont Mining and Barrick Gold have consulted on a possible joint venture in their operations in the US state of Nevada. Newmont stated to business newspaper Financial Times that the discussions were ‘constructive’.

On Monday, Newmont rejected Barrick’s hostile takeover bid worth nearly $ 18 billion because the company sees more benefits in its merger plan with the Canadian Goldcorp. American Newmont is open to cooperation in Nevada, where the mining company has significant operations, just like the Canadian Barrick. By working together, the companies can save a lot of costs there.

Newmont has made a preliminary proposal for a joint venture in Nevada, of which Barrick would own 55 percent and Newmont the rest. The top men of both companies had a dinner in New York on Tuesday evening to talk about the matter.

By: Lesley Woutersen

Lesley Woutersen, one of the co-founders of the EconomicInform gives away all of his free time to the project. He is interested in stock exchange and digital assets. Lesley can be reached by [email protected]

Add comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent Posts


About us

EconomicInform, is a product of EconomicInform LLC. We sincerely believe that economics is one of the most interesting and most underappreciated – in terms of getting some enjoyment out of reading the subject articles – sciences. More on that - at the link. Feel free to drop us a line.