Barrick Puts Super Pit Stake on the Market

by Nick Evans
Yahoo! News

Barrick Gold has put its half of Kalgoorlie’s iconic Super Pit gold mine on the market, finally confirming it intends to complete its exit from Australia.

The sale of its half of Kalgoorlie Consolidated Gold Mines has been mooted since Barrick began selling its Australian gold mines two years ago, and the global gold major handed over operational control of the Super Pit to partner Newmont Mining just over a year ago.

[…] But Barrick finally confirmed it is looking to quit is stake early this morning in its June quarter production report, saying it intends to “initiate a process to explore the sale” of its half-share in the storied mine.

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