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           “They are stakeholders that are as                                   Toronto-based  Barrick  has  no  interest
           important as our own shareholders,” he                               in nickel, lithium or other metals used to
           said.                                                                make electric vehicles and will deepen
           Bristow said the company will strike a                               its focus on copper and gold, which are
           deal should an appealing one present                                 often found together geologically, Bristow
           itself, which he described as a mine                                 added.
           that can produce 500,000 ozpa “for                                   He added that he is eager to complete
           a  long  time”  and  be  profitable  at  gold                        a deal with Papua New Guinea Prime
           prices of $US1,200/oz. But he stressed                               Minister James Marape to restart  the
           that acquisitions would be a secondary                               Porgera gold mine after a protracted
           focus.                                                               licensing fight.
           As a  tangible sign that his deal                                    For Newmont chief executive Tom
           interest may be  cooling,  Bristow  said                             Palmer,  delivering  on  the  company’s
           he has no interest in buying a stake                                 organic growth projects would secure the
           in  Zambia’s  Mopani  Copper  Mines,                                 company’s standing in the gold sector.
           which government-controlled mining                                   Newmont  has  committed  $US2  billion
           investment  arm  ZCCM-IH  took  control                              a year to reinvestment programmes,
           of from Glencore plc earlier this year.                              including more than $US400 million for
           ZCCM has said it is searching for an                     Mark Bristow  exploration and advanced projects.
           external investment partner.
                                                                                Palmer said at the Denver Gold Forum
           Bristow also in the past year repeatedly floated a buyout   in September that the commitment to reinvestment was
           of rival Freeport-McMoRan Inc, saying such a tie-up would   delivering, pointing to the progress of the Tanami Expansion 2
           make logical sense. Now, though, that interest is gone.  project in Australia, the Ahafo North project in Ghana and the
           “It was absolutely the right thing to consider,” Bristow said.   Yanacocha Sulphides expansion in Peru.
           “But right now, today, I think there are better fish to fry than
           Freeport.”








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