Jan. 21, 2020 - In our annual forecast of the year ahead for Canadian competition and foreign investment review law, we evaluate how developments in 2019 will influence these areas of the law in 2020. We discuss below the main issues and trends to watch for this year. Continued Focus on Enforcement in the Digital...
Barrick Gold Completes Strategic Divestiture and Partnership with Shandong Gold
Davies acted for Barrick Gold Corporation in its transaction with Shandong Gold that included the following:
- sale of a 50% interest in the Veladero gold mine for US$960 million;
- the negotiation of a 50/50 joint venture arrangement in respect of the Veladero gold mine;
- the negotiation of a strategic cooperation agreement to explore the joint development of the Pascua-Lama deposit located along the Chilean-Argentinean border; and
- the evaluation of additional investment opportunities on the highly prospective El Indio Gold Belt on the border between Argentina and Chile.
The Davies team on this transaction included Melanie Shishler, Joshua Kuretzky and Steve Cutler (Mining and M&A), Geoffrey Turner (Tax), Sarah Powell (Environmental), Scott Hyman (Finance) and John Bodrug and Jim Dinning (Competition).
Jan. 15, 2020 - The official Annual Report under the Investment Canada Act (ICA) for the fiscal year 2018-19 was released at the end of 2019. This document sets out various statistics and other noteworthy developments during that time frame (i.e., April 1, 2018 to March 31, 2019) relating to the two review...