Company has stopped using very large crude carrier (VLCC) ships converted into very large ore carriers (VLOC), following a final delivery to China on Sunday.
The Canadian precious metals producer announced a financing plan consisting of a $10-million bought deal private placement offering of four million flow-through common shares.
The non-brokered private placement gives Barrick about 15% of Reunion Gold Corporation (TSX-V:RGD), which has interests in four different projects in South America’s North Atlantic coast.
A union at Teck Resources’ Quebrada Blanca copper mine on Wednesday rejected a contract offer from the Canadian miner, increasing the likelihood of a strike.
China's smelters and international miners have not agreed to terms for next year's treatment and refining charges, likely prolonging negotiations into 2018.