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Super Pit deal falls over

Chinese group Shandong Tyan Home Co (CH:600807) has pulled out of a proposed A$1.3 billion (US$980 million) offer on Barrick Gold’s (US:ABX) 50% stake in the Kalgoorlie Super Pit in Western Australia.

Chris Cann
Barrick says it is in no rush to sell off its 50% share of the famous Super Pit in Western Australia

Barrick says it is in no rush to sell off its 50% share of the famous Super Pit in Western Australia

It was widely reported in November that Shandong Tyan subsidiary Minjar Gold was the leading bidder for the stake. In a translated Shanghai stock exchange filing, Shandong Tyan said talks progressed,...

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