Barrick CEO sees no competition in his bid for Freeport’s Grasberg mine

Barrick Gold CEO Mark Bristow on Wednesday said he sees no competition from rivals in his pursuit of Freeport-McMoRan’s Grasberg copper/gold mine in Indonesia but cautioned any deal for the asset would take time to pull off. Bristow has fanned speculation that Barrick, the world’s No. 2 gold miner, is poised to deepen its exposure to copper and last week expressed interest in acquiring Freeport’s flagship Grasberg mine.