African Barrick Gold plc (ABG) said that Barrick Gold Corporation has ended the talks with China National Gold Group Corporation (CNG) to sell 73.9% stake in ABG and ABG is no longer in an offer period under the Takeover Code. "Whilst the discussions between CNG and Barrick have not led to a transaction, the process has re-emphasized the fundamental long-term value of ABG's portfolio and the scarcity of large scale producing opportunities to enter the gold market in Africa. We have demonstrated the ability of this business to generate significant cash flows and believe that the operational review will create the opportunity to further improve the return profile of the business," Greg Hawkins, Chief Executive Officer of ABG, said.