Origin Merchant Partners is pleased to announce that Barrick Gold Corporation (“Barrick”) has sold the hydrometallurgical and mineral processing assets of AuTec Innovative Extractive Solutions Ltd. (“AuTec”), a subsidiary of Barrick, to FLSmidth & Co (“FLSmidth”). In addition, Barrick divested AuTec’s mineralogy equipment to ALS Limited (“ALS”).
Origin Merchant Partners acted as the exclusive financial advisor to Barrick with respect to this transaction.
Barrick Gold Corporation is one of the largest gold mining companies in the world, with its corporate office in Toronto, Ontario, Canada. Barrick has mining operations and projects in 15 countries around the globe. The company’s shares trade on the New York Stock Exchange under the symbol GOLD, and on the Toronto Stock Exchange under the symbol ABX.
FLSmidth & Co. is a global engineering company based in Copenhagen, Denmark. With almost 11,700 employees across over 50 countries worldwide, FLSmidth delivers sustainable productivity to the global mining and cement industries. FLSmidth is listed on NASDAQ OMX Nordic Copenhagen in the C20 index.
ALS Limited (ASX: ALQ), headquartered in Brisbane, Australia, provides laboratory testing, inspection, certification, and verification services out of over 370 sites across 65 countries.