July 30 (Reuters) - Barrick Gold Corp ABX.TO :
* Announces sale of 50 percent of zaldívar mine, formation of new partnership
with Antofagasta (LONDON:ANTO) Plc
* Says deal valued at $1.01 billion
* Says Antofagasta will pay Barrick $980 million in cash upon closing
* Says Antofagasta will act as the operator of the mine and will be subject to
oversight and direction by the board
* Antofagasta will pay $25 million in additional cash payments over the next
five years for a 50 percent stake in the zaldivar mine
* Initial chairman of the board will be appointed by Antofagasta and will hold
the office of chairman until January 1, 2017
* Source text for Eikon ID:nMKWLv7sQa
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