Barrick Gold may have to wait until at least the end of the month to close the $US1.3 billion sale of its half of the Kalgoorlie Super Pit, as its Chinese suitor conducts a corporate restructure amid talks to find a way through tough new capital control laws in China.
Barrick has maintained radio silence on the status of the sales process since details of Shandong Tianye Groups top-of-the-market offer leaked out in November.
But market disclosures by the privately owned conglomerates Shanghai-listed entity show it is seeking to restructure its operations, in a move believed to be aimed at convincing Chinese regulators they should approve the deal.
It is believed Tianye may also be seeking to renegotiate its initial $US1.3 billion bid for t…
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