Barrick Gold Corporation has entered into a strategic cooperation agreement with Shandong Gold Group Co., Ltd.

Davies Ward Phillips & Vineberg, Bruchou, Fernández Madero & Lombardi and Brons & Salas have advised on the transaction

As a first step in the new partnership, Shandong Gold Mining Co., Ltd, the listed company of Shandong Gold Group, will acquire 50 percent of Barrick’s Veladero mine in San Juan province, Argentina, for $960 million. As a second step, Barrick and Shandong will form a working group to explore the joint development of the Pascua-Lama deposit. As a third step, both companies will evaluate additional investment opportunities on the highly prospective El Indio Gold Belt on the border of Argentina and Chile, which hosts a cluster of world-class gold mines and projects including Veladero, Pascua-Lama, and Alturas.

In Canada, Davies Ward Phillips & Vineberg LLP has advised Barrick Gold Corporation with Melanie Shishler (Picture), Joshua Kuretzky, Steven Cutler, Geoffrey Turner, Sarah Powell, Scott Hyman, John Bodrug and Jim Dinning.

Bruchou, Fernández Madero & Lombardi has advised Barrick Gold Corporation with Sergio Arbeleche and Sebastián Vedoya.

Brons & Salas has advised Shandong Gold Group Co., Ltd. with Guillermo Malm Green, Javier Fernández Verstegen, Eduardo Represas, Marcela González, Agostina Mandrini and Ángeles Murgier.

 

Involved fees earner: Guillermo Malm Green – Brons & Salas; Eduardo Represas – Brons & Salas; Javier Fernández Verstegen – Brons & Salas; Marcela González – Brons & Salas; Agostina Mandrini – Brons & Salas; Ángeles Murgier – Brons & Salas; Sergio Arbeleche – Bruchou, Fernández Madero & Lombardi; Sebastián Pedro Vedoya – Bruchou, Fernández Madero & Lombardi; Melanie Shishler – Davies Ward Philips & Vineberg; Joshua Kuretzky – Davies Ward Philips & Vineberg; Steven Cutler – Davies Ward Philips & Vineberg; Geoffrey Turner – Davies Ward Philips & Vineberg; Sarah Powell – Davies Ward Philips & Vineberg; Scott Hyman – Davies Ward Philips & Vineberg; John Bodrug – Davies Ward Philips & Vineberg; Jim Dinning – Davies Ward Philips & Vineberg;

Law Firms: Brons & Salas; Bruchou, Fernández Madero & Lombardi; Davies Ward Philips & Vineberg;

Clients: Barrick Gold Corporation; Shandong Gold Group Co., Ltd.;