Two Gold Giants Settle Nevada Mining Dispute for Nearly $2 Billion

Barrick Gold and Newmont settled all disputes over their shared Nevada mining operation, Barrick said August 10. Newmont will pay Barrick US$1.95 billion to balance out differences in what each company originally put into the venture — the world's largest gold-mining complex, which Barrick runs as majority owner. No details on how they calculated the amount were shared.