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Barrick Gold to sell 50 pct stake in Chile mine to Antofagasta

Reuters - UK Focus

July 30 (Reuters) - Barrick Gold Corp said on Thursday it has reached an agreement to sell 50 percent of its Zaldivar copper mine in Chile to Chile-focused miner Antofagasta (LSE: ANTO.L - news) Plc for just over $1 billion in cash.

"Following a highly competitive auction process, we are pleased to reach an agreement with the ideal partner for Zaldívar," Barrick Co-President Kelvin Dushnisky said in a statement. (Reporting by Nicole Mordant in Vancouver; Editing by Lisa Shumaker)