Ontario’s Barrick Gold to Partner with Shandong Gold of China

Toronto-headquartered Barrick Gold Corp., a gold and copper mining company with operations in ten countries, has entered into an agreement with one of China’s leading mining companies, Shandong Gold Group Co. Ltd., a Chinese state-owned gold mining company affiliated with the provincial government of Shandong. The agreement builds on an earlier agreement signed between the two companies in April 2017, when Shandong Gold Mining Co., Ltd., acquired 50 percent of Barrick's Veladero mine in Argentina. Barrick and Shandong Gold have also agreed to establish additional mechanisms to foster greater communication and knowledge-sharing between their respective management and technical teams. Such engagement may cover mining, engineering, construction, social and environmental management, and finance. The two companies have also agreed to provide access to their respective supplier networks, service providers, investors, and capital providers.

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