Buy Barrick Gold, copper miner

  Equinox is one of the great Lumwana copper and uranium mine under his assets Barrick Gold Chinese competition with the large copper miners in the last battle over commodity supplies shopping beaten has.

The world's largest gold producer pays Canadian dollars ($7 billion, £ 4 billion) for Equinox minerals 7.2bn.

The offer is accepted, is 16% higher than a rival offer from China Minmetals earlier this month.

Equinox has the Lumwana copper and uranium mine in Zambia - Africa drittgrößte-and the Jabal Sayid copper deposits in Saudi Arabia.

The company that is listed in Canada and Australia together, said that Barrick's offer superior not only in terms of price, but also the probability of is completed.

Continue reading has the main story Equinox agreed not to seek any other bids to Barrick the right to all other multicast address bids received match. Agreed also, Barrick pay Canadian dollar a 250 m well if it escapes the acquisition.High horse riding

"The acquisition of Equinox would like to add to our portfolio to a high-quality, durable asset and is in line with our strategy of increasing gold and copper of reserves through exploration and acquisitions", Regent in a statement on the company's Web site said the Canadian gold producer Chief Executive Aaron.

"Mine and Cerro Casale project in Chile, combined with our Zaldívar Barrick this acquisition with significant production would position potential for growth-producing regions of the world in two of the most productive copper."

Barrick has high thanks to the price of gold, riding the new record an ounce affected on Monday by $1,518.30.

But the company's share price closed almost 7% on Monday after the deal was announced.

While the gold price has doubled in the last two years, the price of copper has to own all-time high more than tripled.

And Equinox' share price increased with it. It rose sevenfold since 2008 before Minmetal he bid became public.

The Chinese company interest Equinox increased shares another 32% to 7.55 Canadian dollars.

Barrick's $8.15-a-share offer jumped $8.37 the copper miner's helmet share price further on Monday.