Saracen Mineral Holdings has become a 50% owner of the Kalgoorlie Super Pit, following the USD $750 million purchase from Barrick Gold Corporation.
Announced on 25 November, the purchase of 100% of the Barrick shares was completed by the end of last week, making Saracen the equal owner alongside Newmont Goldcorp Australia of the Kalgoorlie Consolidated Gold Mines Joint Venture, which owns and operates the Super Pit gold mine in Western Australia.