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China's Shandong Gold Mining to seek loans to buy Barrick mine stake

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M&A
Shandong Gold Mining plans to apply for loans worth up to $1.26-billion via its unit to fund the acquisition of a stake in Barrick Gold's mine in Argentina, the Chinese precious metal producer said on Friday. The Chinese producer's unit Shandong Gold Mining (Hong Kong) would apply for the loans from offshore units of two Chinese state-owned banks, it said in a statement.
 
 
 
 
 

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