Barrick Gold takes backseat at Australia's Super Pit

Canada's Barrick Gold will relinquish some management duties at Australia's Super Pit gold mine to partner Newmont Mining, in a further pull-back from operations in the Southern Hemisphere Barrick, the world's biggest gold producer, has already sold three mines in Australia and is taking bids on a fourth in a bid to lower net debt by about $3-billion. It is also trying to sell the Porgera gold mine in neighbouring Papua New Guinea.