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Barrick makes telling sale

Barrick Gold’s sale of its 50% stake in the Zaldívar copper mine in Chile said a lot about the current market. One, there are copper bulls out there. Two, those with good assets on the block will always find a bid. And three, Chile is still seen as a prime investment jurisdiction.

Despite speculation linking several companies with the Chilean copper asset, it was copper pure-play Antofagasta who won the auction, paying US$1.