Super offer for Super Pit
(not verified)
Barrick Gold is reviewing the financial backing behind an approximately $US1.3 billion ($1.8 billion) bid for its stake in the Kalgoorlie mine by Minjar Gold, a unit of Shanghai-listed Shandong Tyan Home, two sources have told Reuters.
According to these sources, little-known Minjar has trumped offers by Australian, Chinese and Canadian companies for the asset and Toronto-based Barrick, the world's largest gold producer, is studying the offer for the 50-per cent stake to ensure Minjar has adequate resources and support to complete the transaction.
The sources declined to be identified as the matter is private.