Gold Fields likes AngloGold mine but it is not as good as sold
GOLD Fields is interested in buying AngloGold Ashanti’s Iduapriem mine in Ghana as the precious metal producer seeks to increase output from West Africa by about two-thirds to a million ounces.Gold Fields was also looking for opportunities to buy mines in Mali, Burkina Faso and Senegal, the company’s vice-president for West Africa, Alfred Baku, said. AngloGold said it did not comment on speculation about its assets."We are interested in Iduapriem mine because of its geographical location and nearness to our Tarkwa mine," Baku said, referring to one of the group’s existing mines in southern Ghana. "We believe that it’s logical for us to develop the two. We will be happy to get it."Gold Fields’ Tarkwa is the bigger of the two mines, producing 140,000 ounces in the first quarter of this year, compared with Iduapriem’s 46,000 ounces. Gold Fields said in February it was looking to buy assets in the regions where it already operated as it tried to increase metal output and lower costs.Ang...
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