14th May 2015 05:40
LONDON (Alliance News) - Glencore PLC and Barrick Gold Corp are understood to be looking to sell a joint nickel development project in Tanzania, The Wall Street Journal reported on Wednesday, citing people familiar with the matter.
The pair own half apiece of the Kabanga nickel project in north west Tanzania and have been sounding out potential buyers for several months, the sources said, adding that neither has yet hired a bank to sell the property.
http://www.wsj.com/articles/glencore-barrick-gold-looking-to-sell-tanzania-nickel-project-1431530654
By Sam Unsted; [email protected]; @SamUAtAlliance
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