Market Chatter: Barrick Mining Mulls London Listing for African Business

MT Newswires Live06-01

Barrick Mining (B) is weighing a possible London listing for its African business, with the company also considering an all-share transaction with Endeavour Mining as an option, Reuters said Monday, citing two sources familiar with the matter.

Discussions are at an early stage and that there is no certainty that a deal will materialize, according to the report.

Under one scenario being explored, Barrick Mining would retain its Toronto listing as a holding company that would own shares in the North American-listed Barrick in New York and a separate Africa-focused entity listed in London, the report added.

Barrick and Endeavour Mining did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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