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Barrick May Consider Selling Some Assets in Tanzania (Update1)

By Zijing Wu

Nov. 11 (Bloomberg) -- Barrick Gold Corp. Chief Executive Officer Aaron Regent said the world’s largest gold producer will consider selling some assets including the Kabanga nickel mine in Tanzania. He spoke today at a conference in London.

Barrick on Oct. 29 reported a third-quarter charge of $5.7 billion to eliminate fixed-price contracts to deliver gold, aimed at benefiting from rising prices of the metal. Gold rose for an eighth straight session in New York, the longest rally since early 2006, to a record $1,119.10 an ounce.

To contact the reporter on this story: Zijing Wu in London at zwu17@bloomberg.net

Last Updated: November 11, 2009 12:31 EST

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