Barrick v. Goldcorp

An Ontario Superior Court judge has determined that a right-of-first-refusal provision in a shareholder agreement is as good as gold. On June 26 Justice Herman Wilton-Siegel dismissed claims by Barrick Gold Corporation against three rival miners—Xstrata plc, Goldcorp Inc., and New Gold Inc.—in a dispute over the acquisition of a majority stake in the El Morro copper and gold project in Chile.