- Write by:
-
Saturday, June 20, 2020 - 11:07:01 AM
-
779 Visit
-
Print
Mining News Pro - Barrick on Thursday said there is “absolutely no truth” in a news release circulated on social media in Zambia claiming the gold miner sold its Lumwana copper mine.
The fake press release, dated June 15, claimed Barrick had sold its Zambian copper mine to Metalinvest Capital Corporation and Zambia’s National Pension Scheme Authority (NAPSA) for $895 million in cash.
“We don’t know who’s behind this and we have alerted the relevant securities regulators and law enforcement authorities,” a Barrick spokeswoman told Reuters in a statement.
NAPSA – a government-owned pension fund – issued a statement saying it had not entered into any such transaction nor been involved in any such discussions.
“We would like to urge members of the public to ignore the said press release and treat it with the contempt it deserves,” the acting director general wrote, adding that the pension fund would seek to ensure the perpetrators were prosecuted.
Metalinvest has no knowledge of the deal and is launching its own investigation, founder and director Mohamed Matongo said in an email to Reuters.
“It has come as a great surprise to me that my company name is being mentioned in a transaction that we have no knowledge about,” he said.
Barrick was last year seeking buyers for its Lumwana copper mine, but in February Chief Executive Mark Bristow told Reuters he would not necessarily sell it, and might instead look for a partner in Zambia or a deal with a copper processor.
Short Link:
https://www.miningnews.ir/En/News/550438
A Native American group has asked all members of a US appeals court on Monday to overturn an earlier ruling that granted ...
Codelco is exploring more partnerships with the private sector as Chile’s state copper behemoth looks to recover from a ...
The London Metal Exchange (LME) on Saturday banned from its system Russian metal produced on or after April 13 to comply ...
Peru’s Las Bambas copper mine, owned by China’s MMG, is facing renewed blockades of a key transport route after failed ...
Vitol Group confirmed that it’s starting to rebuild a trading book for metals after a long stint out of the market, with ...
Chinese investors are snapping up stocks tied to high-flying metals from copper to gold, aiding an onshore market facing ...
Copper traded near a 15-month high as supply concerns and brighter demand prospects triggered a slew of bullish calls on ...
Copper jumped to its highest intraday price since January 2023 as the bellwether industrial metal faces rising tighter ...
Mining News Pro - Amir Khormishad, the CEO of the National Copper Industries Company of Iran, announced the 49% growth ...
No comments have been posted yet ...