Goldcorp and Eldorado are fighting over Andean’s Cerro Negro project in Santa Cruz province, Patagonia, Argentina, which may produce 285,000 ounces of gold a year with very low production costs.
Goldcorp is a Canadian company but among its major investors are British-based AXA Investment Managers UK Ltd (US$4.3 million), Blackrock Commodities Income Trust plc, and City Natural Resources High Yield Trust PLC, according to the document From Money to Metals (http://moneytometal.org/index.php/From_Money_to_Metals) by mining researcher Roger Moody.)
See http://www.marketwatch.com/story/goldcorp-to-pay-34-billion-for-andean-resources-2010-09-03.