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ABG takeover

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Barrick Gold, the Canada-based mining group, has confirmed negotiation with China National Gold Group Corporation over its 74 percent stake in African Barrick Gold. The information comes after exactly 2 years after Tanzanian assets were spun off. News on the early-stage talks with China’s largest gold producer sent African Barrick shares up by 13 percent in London early trade on 16th of August.

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