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7/24/15

Barrick (ABX) to sell Zaldivar to China Moly

You heard it here first.

We knew the asset was up for sale, but we didn't know the buyer. The price tag will be between U$2.0Bn and U$2.2Bn, which is slightly better than the previous estimates on what ABX would get and is likely a positive for ABX's share price.

Full disclosure: I own no ABX, that's not going to change either.