On Monday, Shares of Barrick Gold Corporation (NYSE:ABX), lost -4.83% to $6.90.
Barrick Gold Corporation declared it has accomplished the divestiture of its Cowal mine in New South Wales, Australia to Evolution Mining for a total cash consideration of $550 million. Proceeds from the sale of Cowal will be used to repay debt.
“The sale of Cowal is compriseent with the strategy we have outlined to create long-term value for our owners, and will make a noteworthy contribution to our debt reduction target while further focusing the geographic footprint of our portfolio,” said Co-President Kelvin Dushnisky.
Barrick Gold Corporation produces and sells gold and copper. The company is also involved in exploration and mine development activities. It conducts mining, development and exploration, and other activities in various countries, counting the United States, Canada, Australia, Argentina, Chile, Peru, the Dominican Republic, Papua New Guinea, Tanzania, Zambia, and Saudi Arabia.
Shares of Starbucks Corporation (NASDAQ:SBUX), declined -0.54% to $56.98, during its last trading session.
Starbucks Corporation and PepsiCo, Inc. (PEP) declared they have reached a contract for the marketing, sale and distribution of Starbucks® ready-to-drink (RTD) coffee and energy beverages counting Starbucks® Frappuccino® chilled coffee drinks, Starbucks Double Shot® Espresso and Cream, and Starbucks Refreshers® beverages in Latin America. The RTD coffee and energy beverage category in Latin America is an estimated US$4 billion business and is projected to grow by 22% over the next five years.
The agreement leverages the respective strengths of Starbucks and PepsiCo to bring a carefully selected portfolio of Starbucks® RTD coffee and energy beverages to consumers in Latin America unlocking new market opportunities for each company. Starbucks will provide coffee expertise and PepsiCo will sell and distribute Starbucks® RTD coffee and energy beverages leveraging its expansive network and experience across the region. Together, both companies will continue to market, innovate and further develop the brand in Latin America.
Starbucks Corporation operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; Europe, Middle East, and Africa; China/Asia Pacific; and Channel Development.
Finally, NRG Energy, Inc. (NYSE:NRG), ended its last trade with 0.70% gain, and closed at $21.55.
NRG Energy declared it is leveraging its expertise to bring shared solar – also known as community solar – to customers across the United States, fulfilling on the company’s customer-focused commitment.
The declaration comes on the day NRG Home Solar and NRG Renew bring a new shared solar site online in Freetown, Massachusetts. The 1-megawatt site, which powers about 160 households, furthers NRG’s mission to put customers first by providing broad access to clean energy.
NRG Energy, Inc., together with its auxiliaries, operates as a power company. The company provides electricity; system power, distributed generation, solar and wind products, backup generation, storage and distributed solar, demand response, energy efficiency, and on-site energy solutions; carbon administration and specialty services; and various energy services, such as operations, maintenance, technical, development, and asset administration services. It owns and operates about 52,000 MWs of generation.
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