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Barrick Gold CEO says not interested in bidding for Anglo American

Reuters
·1 min read

TORONTO, May 1 (Reuters) - Barrick Gold Corp is not interested in bidding for Anglo American and is building its own copper portfolio, CEO of Canadian miner Mark Bristow told Reuters on Wednesday.

"We are not interested in bidding for Anglo American, as we are building one of our own," Bristow said.

Last week Anglo rejected BHP Group Ltd's $39 billion offer, saying it was opportunistic, significantly undervaluing the company and its future prospects.

Barrick is also in talks with the International Finance Corporation and other agencies to raise at least $2 billion for the first phase of its Reko Diq copper project in Pakistan, Bristow added.

(Reporting by Divya Rajagopal)