Shaw and Partners WA state manager Davide Bosio updates Proactive on Saracen Minerals being the winning bidder of stake in WA’s iconic Super Pit.

One of the largest open pits in the world, the Super Pit is also a major tourist attraction, and has been owned as a 50/50 joint venture between Barrick and Newmont.

Barrick was openly running a process to sell its interest in a JV, with Saracen Minerals emerging as the successful acquirer of the stake, paying AU$1.1 billion for the 50 per cent stake.