North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Pebble Partnership copper gold molybdenum mine project Alaska Northern Dynasty NAK NDM

By Sarah Hurst
For Mining News 

Barrick, NovaGold pulling no punches

Up to last minute, hostile takeover bid causing ruptures between companies who partner in one of Alaska's biggest projects

 

Last updated 11/26/2006 at Noon



Two Canadian mining companies traded accusations in November as they hurtled toward the latest deadline in Barrick's hostile takeover bid for NovaGold. The world's largest gold producer upped its offer from $14.50 per share to $16 per share and announced it would take up all shares tendered by Nov. 21, regardless of whether it obtained the minimum 50.1 percent of NovaGold that it originally hop...



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