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Barrick Gold Corp, battling heavy debt and a slump in gold prices, has put three mines in Western Australia up for sale, a person familiar with the process said on Monday.

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Gold and copper are back in the spotlight for acquisitive resources companies, as three mining assets, collectively worth up to $800 million, are put up for sale. Investment bank Macquarie Capital has been hired by New Gold to sell its medium-sized, underground gold and copper Peak mines in Cobar in ...

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Barrick is studying the sale of the Darlot, Granny Smith and Lawlers mines in Western Australia, said the people, declining to be identified as the details are private

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Mining is one of the key industries which have made a significant contribution to Australian economy for a very long period. Mining is one of the chief factors responsible for the growth of population in the Australian continent right from the discovery of gold mines which led to the ‘Gold Rush’ in Australia.

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Lihir Gold's plans to sell its mine in Ballarat will leave up to 200 workers facing redundancy.

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