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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...

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