Barrick Seeks $1bn Latin Mine Financing

Barrick Seeks $1bn Latin Mine Financing

Argentina

Toronto-based miner Barrick Gold is seeking $1bn in financing and is already in talks with international banks and export credit agencies to develop infrastructure for its Pascua-Lama mine on the Chile-Argentina border, says a company spokesman. Canada-based industry equity analysts who cover Barrick agree that the miner could be tapping multilaterals such as the IFC for financing. The total investment needed for the project is $3bn. Of that amount, says one of the analysts, Barrick could use th

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