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  • May 26- Canadian miner Barrick Gold Corp said it would sell 50 percent stake in its unit that manages the Porgera gold mine in Papua New Guinea to China's Zijin Mining Group Co Ltd for $298 million in cash. The deal, a part of Barrick's plan to reduce net debt by at least $3 billion by the end of the year, comes a day after the world's largest bullion producer sold its...

  • May 26- Canadian miner Barrick Gold Corp said it would sell 50 percent stake in its unit that manages the Porgera gold mine in Papua New Guinea to China's Zijin Mining Group Co Ltd for $298 million in cash. The unit, Barrick Niugini, owns 95 percent in the Porgera mine and the Papua New Guinea owns the rest. After the sale, Zijin and Barrick will jointly control Barrick...

  • Australia's gold miners drive M&A revival Monday, 25 May 2015 | 10:08 PM ET

    SYDNEY, May 26- Gold miners are spearheading a wave of merger and acquisition activity in Australia, riding a rebound in local gold prices to pounce on projects promising quick growth. We've seen more M&A in Australia in 2015 than in the past five years, " Ian Murray, chairman of Perth- based Gold Road Resources Ltd told Reuters, referring broadly to the level of...

  • --Clyde Russell is a Reuters columnist. The Toronto Stock Exchange- based index groups together the world's top gold producers, including No.1 Barrick Gold Corp, which is up 20.5 percent this year in U.S. dollar terms, and No.2 Newmont Mining Corp, which has gained 40 percent. The No.3 producer, Johannesburg- listed AngloGold Ashanti, is up 32 percent since the start of...

  • TORONTO, April 29- Yamana Gold Inc will change its executive pay plan to better reflect performance, the mid-tier miner told shareholders on Wednesday after they voted against the plan, a day after industry leader Barrick Gold Corp made the same promise to its unhappy investors. More than 50 percent of Yamana shareholders who voted rejected the plan, according...

  • Barrick Gold takes backseat at Australia's Super Pit Wednesday, 29 Apr 2015 | 3:15 AM ET

    SYDNEY, April 29- Canada's Barrick Gold will relinquish some management duties at Australia's Super Pit gold mine to partner Newmont Mining, in a further pull-back from operations in the Southern Hemisphere. Barrick and Denver- based Newmont have long been 50-50 partners in the Kalgoorlie Consolidated Gold Mines, which operates the Super Pit, at one stage...

  • TORONTO, April 28- Barrick Gold Corp Chairman John Thornton promised to fix the miner's executive compensation plan, especially his own package, on Tuesday after shareholders voted overwhelmingly to reject it, the second such rejection in three years. So I want you to know that we have heard you loud and clear, "Thornton said at Barrick's annual meeting in Toronto.

  • TORONTO, April 28- Barrick Gold Corp shareholders have voted to reject the gold miner's controversial executive compensation plan, Barrick Executive Chairman John Thornton said on Tuesday. So I want you to know that we have heard you loud and clear, "Thornton said at Barrick's annual meeting in Toronto. Although so-called say-on-pay votes are not mandatory in...

  • April 27- Barrick Gold Corp said on Monday it has started the process to sell a stake in its Zaldivar copper mine in Chile as the world's biggest gold miner works to meet an ambitious debt reduction target of $3 billion by year end. Speculation has been rife for weeks that Barrick could sell all or some of the open-pit mine in northern Chile. Earlier Barrick said its...

  • April 27- Barrick Gold Corp reported weaker-than-expected first-quarter earnings on Monday on the back of a lower gold price and sales and announced that it has started a process to sell a stake in its Zaldivar copper mine in Chile. The Toronto- based producer also announced what it said was a "significant" new gold discovery, known as Alturas, in Chile.

  • April 27- Barrick Gold Corp reported lower first-quarter earnings on Monday on the back of lower gold prices and sales and announced that it has started a process to sell a stake in the Zaldivar copper mine in Chile.

  • VANCOUVER, April 27- Pure-play silver miners, a niche investment market popular with retail investors, are moving up the endangered list. The more leveraged to silver the better... but you have to be able to tolerate the risk, "said David Morgan, founder of the Silver-Investor.com website. According to BMO Capital Markets, large primary silver miners have increased...

  • *Vedanta's Zambia copper unit will still lose money- CEO. LUSAKA, April 23- Barrick Gold Corp, the world's biggest gold producer, said on Thursday it will not suspend operations at its Lumwana open-pit copper mine in Zambia now that the country's government has reduced mining royalties. "We appreciate the leadership and engagement of President Lungu and the...

  • *Vedanta's Zambia copper unit to remain loss-making- CEO. LUSAKA, April 23- Barrick Gold Corp. has backtracked on its decision to suspend operations at its Lumwana open pit copper mine in Zambia after the cabinet reduced mining royalties, a senior government official said on Thursday. Zambia's cabinet set the royalty tax rate for open cast and underground...

  • PRECIOUS-Strong U.S. housing data keeps gold below $1,200 Wednesday, 22 Apr 2015 | 8:46 PM ET

    SINGAPORE, April 23- Gold hovered below $1,200 an ounce on Thursday, following its biggest drop in over a month, as strong U.S. housing data stoked expectations the Federal Reserve would soon hike interest rates. *Spot gold was flat at $1,187.20 an ounce by 0036 GMT, near its lowest in a week. *Greece can scrape together enough cash to meet its payment obligations into...

  • *Copper price recovers on supply concerns- Barclays. MELBOURNE, April 20- London copper rallied to its highest level in four weeks on Monday, before gains frittered away, after China cut the amount of cash that banks must hold as reserves to help combat a slowdown in growth in the world's second-biggest economy. The move could help buttress copper prices, which are...

  • TORONTO, April 17- Two of Canada's largest pension funds, shareholders of Canadian Imperial Bank of Commerce, said on Friday they will demonstrate their unhappiness with CIBC's executive pay structure at the lender's annual meeting next week. CIBC named Victor Dodig as its chief executive last year, replacing Gerry McCaughey, who retired in September 2014.

  • TORONTO, April 17- Barrick Gold Corp faces a fresh backlash over executive pay at its shareholder meeting this month, with some big institutions planning to vote against its compensation plan and withhold votes for directors to express their unhappiness. Two major Canadian pension funds, the British Columbia Investment Management Corp and Ontario Teachers'...

  • TORONTO, April 10- Proxy advisory firm Institutional Shareholder Services has recommended that shareholders vote against Barrick Gold Corp's executive pay plan, the second influential advisor to find fault with the company's compensation scheme. A 36 percent jump in Executive Chairman John Thornton's compensation, to $12.9 million in 2014 from $9.5...

  • TORONTO, April 9- Influential proxy advisory firm Glass Lewis is recommending that shareholders vote against Barrick Gold Corp's executive compensation plan, while flagging "serious concerns" with the executive chairman's pay. Toronto- based Barrick introduced a new compensation program last year after a shareholder outcry in 2013, but it still resulted...