Barrick Gold Corporation has completed the formation of a strategic joint venture with Zijin Mining Group Co. Ltd, including the sale of a 50 percent interest in Barrick (Niugini) Limited, for a total cash consideration of $298 million. Proceeds from the transaction will be used to repay debt.
BNL is the 95 percent owner and manager of the Porgera Joint Venture gold mine in Papua New Guinea.
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