Barrick (TSE:ABX) Sells Sedibelo to Platmin (TSE:PPN)

Filed in Barrick Gold, Gold, Gold Prices, platinum, Platmin, Sedibelo, silver by on April 16, 2010 0 Comments

Barrick Gold (TSE:ABX) has sold its Sedibelo platinum project to Platmin (TSE:PPN). The Sedibelo platinum project is located in South Africa. The approximate $60 million paid by Platmin is for a 10 percent stake held by Barrick in the project. How the deal breaks down is the stake itself is valued at $15 million, while additional “long lead items” worth up to $45 million will also be included

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