Barrick Split Plan Sparks Global Mining Shift

Barrick Mining may reshape its global strategy in a major way. Sources shared that the board is exploring a Barrick split plan that could divide the company into two new entities. The idea has sparked strong interest across the mining sector.
Four individuals familiar with internal discussions told Reuters about the proposal. They said one entity could focus on North America. The second could manage operations in Africa and Asia. This early conversation signals a possible long term shift in the company’s global approach.

Asset Review Begins

Sources also revealed that the plan includes a deep review of Barrick’s assets. A potential sale of the Reko Diq project in Pakistan remains under consideration. This step could follow once the company secures full financing for the mine. As a result, investors are watching closely.
The discussion also involves Barrick’s African operations. A complete sale of those assets is possible. However, the company aims to resolve a dispute in Mali before making any decision. The disagreement involves the country’s military administration. In addition, the company wants to ensure stability before moving forward.
Barrick operates in several countries with diverse projects. Its sites include copper mines in the Democratic Republic of Congo. The company also manages gold operations in Tanzania. Other facilities run in the Dominican Republic and Papua New Guinea. Therefore, any restructuring could affect multiple regions.
The proposed strategy reflects industry wide trends. Many global miners aim to streamline portfolios and focus on core regions. A split could help Barrick strengthen its position in key markets. It may also simplify management and improve future planning.
Analysts believe the discussions show the company’s interest in long term growth. They expect more clarity once internal reviews finish. For now, the company has not publicly commented on the matter. Still, industry observers see the early signals as noteworthy.
If approved, the Barrick split plan could reshape parts of the global mining landscape. It may open new opportunities for buyers and create space for regional investment. In addition, it could lead to new partnerships across countries where Barrick currently operates.