AngloGold agrees the first of three big asset sales
Under new CEO Kelvin Dushnisky, AngloGold Ashanti has sold Sadiola mine to Allied Gold, with others in SA and Argentina on the table
23 December 2019 - 13:31
AngloGold Ashanti finalised the sale of the first of its three big assets new CEO Kelvin Dushnisky has put up for sale, with Sadiola mine sold to Allied Gold for $105m (R1.5bn) cash.
Sadiola was jointly owned with Canada’s IAMGOLD and the partners agreed to sell their equally held 82% stake in the mine in Mali; the government owns the balance...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.