Deals
Barrick Loses Bid to Block Goldcorp Chile Mine Acquisition
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Barrick Gold Corp., the world’s largest producer of the metal, can’t block Goldcorp Inc.’s 2010 acquisition of a majority stake in the El Morro copper and gold project in Chile.
Ontario Court Justice Herman Wilton-Siegel dismissed Barrick’s claims that the purchase was unlawful and ineffective, Goldcorp said yesterday in a statement. Barrick is reviewing the ruling and may consider an appeal, the Toronto-based company said in a statement yesterday.