Elliot built large stake in Barrick: report

Credit: Barrick US activist hedge fund Elliott Management has accumulated a large stake in Barrick Mining (TSX: ABX) (NYSE: B) amid speculation that the Canadian-based gold-copper miner may undergo major changes, the Financial Times reported on Tuesday.It follows a Reuters report last week which revealed the Barrick board is considering splitting the company into two separate entities, one focused on the “safer” North American assets and the other on mines across the “riskier” Africa and Asia regions.Accord ...