Credit Suisse Group AG (SWX:CSGN) starts moving on a sale of Barrick Gold Corporation (TSX: ABX)'s interest in the $1billon-odd Super Pit mine. It is understood that Credit Suisse has started contacting potential suitors for the sale, with documents expected to soon hit the desks of bidders. The expectation is that Barrick's 50% interest in the mine will sell for between $300 million and $400 million ($436 million-$581 million).

So far Northern Star Mining Corp. (OTCPK:NSMS.F) is considered the most likely buyer, but other groups expected to take an information memorandum include Evolution Mining Limited (ASX:EVN) and offshore groups such as Gold Fields Limited (JSE:GFI), Zijin Mining Group Company Limited (SEHK:2899) and Kirkland Lake Gold Ltd. (TSX:KL). Should Northern Star or Evolution Mining buy the interest, the expectation is that an equity raising could be launched.

Northern Star is expected to enter the contest with Macquarie Group Limited (ASX:MQG). While Evolution is likely look at the asset, some are doubtful that the group will be a serious contender, with Chairman Jake Klein known to take a measured approach when it comes to acquisitions.