Barrick Gold Chief Executive Mark Bristow said on Monday he wants to speak immediately with Newmont Mining about a proposed Nevada joint venture, even as his company moves to take a $18 billion takeover offer directly to Newmont shareholders.
Newmont earlier on Monday rejected Barrick's full buyout offer and reiterated its plans to go ahead with its deal to buy smaller rival Goldcorp.
Newmont's JV proposal, unveiled Monday, seeks to combine adjacent mines and other facilities in Nevada. While the logic of integrating operations seems clear to both Barrick and Newmont, the sticking point has been control.
"We will definitely engage Newmont immediately to see if they have a genuine commitment to this discussion around unlocking the synergies of Nevada," Bristow told Reuters.