MINING NEWS: Barrick’s acquisition of Placer Dome bodes well for Alaska
The author, J.P. Tangen has been practicing mining law in Alaska since 1975. He can be reached at [email protected] or visit his Web site at www.jptangen.com. His opinions do not necessarily reflect those of the publishers of Mining News and Petroleum News, but they frequently do reflect the opinions of pro-industry groups such as the Alaska Miners Association and the Resource Development Council of Alaska.
When I heard that Barrick Gold Corp. had made an unsolicited offer on Oct. 31, 2005, to purchase Placer Dome Inc. my first move was to purchase 100 Barrick shares. Although the acquisition was initially rejected, on Dec. 22 a follow-up offer was greeted more favorably.
This appears to be a fortuito....
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