Barrick Gold Corp said it was no longer in talks to sell a stake in its majority-owned, London-listed gold producer African Barrick Gold to a Chinese buyer, calling time on months of talks.Canadian mining major Barrick Gold, which owns 74 percent of African Barrick, said in August it was in early-stage talks with state-owned China National Gold about the possible sale of all or part of its stake.The termination of talks over what would have been one of China's largest mining deals in Africa suggests that China is becoming an increasingly tough negotiating partner.Chinese companies made a string of deals in gold miners in 2012 as the country's demand for bullion, where it is sought for jewellery and as an inflation hedge, soars, and it has been increasingly seen as a deep-pocketed investor.
Barrick Gold Corporation (Barrick) is engaged in the production and sale of gold, as well as related activities. Shares of ABX remained unchanged at $34.09. In the past year, the shares have traded as low as $31.00 and as high as $50.39. On average, 7398530 shares of ABX exchange hands on a given day and today's volume is recorded at 0.
Barrick Gold Corporation (Barrick) is engaged in the production and sale of gold, as well as related activities. Shares of ABX remained unchanged at $33.57. In the past year, the shares have traded as low as $31.18 and as high as $50.33. On average, 2531860 shares of ABX.TO exchange hands on a given day and today's volume is recorded at 1603987.
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