Barrick Gold looking to sell 50 pct of Chile copper mine

Tue Apr 28, 2015 5:30pm EDT
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April 28 (Reuters) - Barrick Gold Corp is targeting the sale of a 50 percent stake in its Zaldivar copper mine in Chile but would be prepared to sell more if it got a "knock-out" offer, company co-president Kelvin Dushnisky said.

Speaking on a conference call to discuss Barrick's first-quarter earnings, Dushnisky said the miner would consider giving up operational control of the open-pit copper mine to a buyer if it believed that would generate more value for shareholders. (Reporting by Nicole Mordant in Vancouver; Editing by Bernard Orr)