Teck among final bidders for $2B Chilean copper mine

With a potential value of $2 billion dollars, Barrick Gold Corp's Zaldivar copper mine in Chile is seeking a buyer for 50% of the mine. — Photo courtesy Barrick Gold Corp.

Bloomberg Business is reporting that BHP Billiton Ltd. and Teck Resources Ltd. are among companies entering the final round of bidding to buy a stake in Barrick Gold Corp.’s Zaldivar copper mine in Chile, people familiar with the matter said.

The mine may be valued at more than $2 billion, said the people, who asked not to be identified because the information is private. Barrick is seeking a buyer for 50 percent of the mine, while some of the suitors are interested in buying the whole asset, two people said. A final decision on the winner is likely to be reached in July, they said.

Representatives for Barrick, BHP and Teck declined to comment.

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Source: Bloomberg Business News