Saracen buys half of 'iconic' Super Pit

SARACEN Mineral Holdings has agreed to buy Barrick Gold’s 50% stake in the Super Pit in Kalgoorlie for US$750 million.

Saracen buys half of 'iconic' Super Pit Saracen buys half of 'iconic' Super Pit Saracen buys half of 'iconic' Super Pit Saracen buys half of 'iconic' Super Pit Saracen buys half of 'iconic' Super Pit

An aerial view of the Super Pit, which sits on the outskirts of Kalgoorlie

Saracen will join Newmont Goldcorp as 50:50 owners of Super Pit operator Kalgoorlie Consolidated Gold Mines (KCGM), with Newmont to continue as manager.