Barrick Gold (ABX) says it has started a process to sell its oil and gas unit, Barrick Energy,...

|About: Barrick Gold Corporation (ABX)|By:, SA News Editor

Barrick Gold (ABX) says it has started a process to sell its oil and gas unit, Barrick Energy, as the spread has grown between Alberta oil prices and the Texas crude price. Barrick Energy's sales are at Edmonton Par price, while the miner's energy costs are benchmarked against WTI. ABX does not say how much it expects to raise in the auction.