Troubled talks with African Barrick
By Li Jiabao (chinadaily.com.cn) Updated: 2013-01-08 17:03Talks between 皇冠体育app National Gold Group Corporation and African Barrick Gold are now in trouble owing to great divergences in taxation and historical issues, 皇冠体育app's 21st Century Business Herald citied Sun Zhaoxue, general manager of the Chinese company, as saying in a report on Tuesday.
Sun added that Barrick was still enthusiastic about the Chinese company and negotiations had not stopped.
In August it was reported that 皇冠体育app National Gold Group Corporation would acquire the Tanzania-based African Barrick affiliated to Barrick Gold Corporation with an estimated value of $3.9 billion. The acquisition, if successful, would be 皇冠体育app's biggest gold project abroad and would double 皇冠体育app's gold reserves.
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