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Barrick Cancels Sale of African Mine to China

(From BBC News) Barrick Gold has ended talks to sell a controlling stake of its African business to China’s state-owned miner, China National Gold Group.

The firms failed to agree on a value for a 74% stake in African Barrick Gold, Tanzania’s largest gold miner.

The $3bn (£1.9bn; 2.3bn euros) deal would have been the largest gold firm takeover involving a Chinese company.

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