Copying and distributing are prohibited without permission of the publisher

Barrick Gold, Ma’aden to form jv for Saudia Arabian copper mine

July 14, 2014 - 06:17 GMT Location: Singapore

KEYWORDS: Barrick Gold , Ma'aden , copper , joint venture , partnership , Jabal Sayid

Barrick Gold Corp will form a joint venture with Saudi Arabian Mining Company (Ma’aden) to operate the Jabal Sayid copper mine that is expected to start in late 2015.

Ma’aden will buy a 50 percent stake in the project, located 120 km southeast of Medina, Saudi Arbaia, for $210 million, the Toronto-based company said in a statement on Sunday July 13. "This joint venture will enable the Jabal Sayid project to move forward...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

subscribe to this feed Comment & analysis

Upcoming Events

MB Glossary

From Aluminium to Zinc...
Search this free glossary on metals

Try the new Metal Bulletin BETA site...

We've added some great new features and tools which we think you'll find useful including:

  • Easier to find the content suitable for you
  • Improved Price Book functionality
  • Better search function

Simply click 'Yes please' below to go straight to the BETA site (you can return to the original site any time you wish).