Barrick enhances strategic agreement with China’s Shandong

By zaymalz malz

Ontario-based Barrick Gold, the world’s biggest gold mining company, has announced that it has deepened strategic ties with state owned Chinese firm Shandong Gold in the aim of strengthening collaboration and investment opportunities between the two industry players.

The announcement was made during a ceremony held in Jinan, Shandong Province, China where leaders from both Barrick and Shandong were in attendance to sign the agreement.

See also:

“This agreement will allow us to take our partnership to the next level, as we jointly explore opportunities to enhance long-term value for our respective owners, as well as our government and community partners,” said Barrick Executive Chairman John L Thornton.

A key element of the refined agreement will see the companies exploring the potential synergies of Shandong’s Lama project in Argentina and the nearby Veladero mine that is a joint venture between the two firms.

“Based on an identical culture and development concept, the joint operation of the Veladero mine in Argentina has obtained good effect,” said Chen Yumin, Chairman of Shandong Gold,” said Chen Yumin, Chairman of Shandong Gold. 

“This signing of the strategic cooperation agreement represents a new level of our partnership.”


Featured Articles

How Elon Musk pulled off a $44bn hostile takeover of Twitter

As the world’s richest man, Elon Musk, takes over tech giant Twitter, we highlight the timeline that led to this titanic takeover

Amazon, Alphabet, Wells Fargo best workplaces, says LinkedIn

The top 50 workplaces to grow careers prioritise flexible work and tuition-support programs, as top-ranking firms Amazon and Alphabet prove, says LinkedIn

Top 10 women in technology in the US

These 10 women in tech are forging a path into bold areas of innovation and technological ambition, according to sister publication Technology Magazine

8 executive moves to crypto – from mainstream to startup

Technology & AI

Digital Twins tech ‘missing link’ in urban decarbonisation

Technology & AI

The Metaverse Foundry from Infosys is a business playground

Technology & AI