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Evolution in mining M&A

The ongoing favourable competitive tension in the market, and seemingly undiminished appetite for deals of the most aggressive buyers, seems to bode well for sellers of gold assets in countries such as Australia.

Barrick Gold has offloaded big chunks of its Australasia portfolio, first agreeing to sell half of its 95% interest in the Porgera mine in Papua New Guinea to Zijin Mining for US$298 million – which