UK listing gives Barrick firepower, analyst says

Barrick Gold, the world’s largest gold miner, is set to create the biggest UK-listed gold producer by consolidating its existing Tanzanian assets and listing them in London as a new entity.

The firm released a statement yesterday (February 18), explaining the move. It said that: “Today Barrick announced the creation of African Barrick Gold, a new company whose equity it will seek to list with the United Kingdom Listing Authority and to admit to trading on the...