AngloGold Ashanti has put $2.5bn (R44.8bn) on the table for the takeover of Centamin, owner of Egypt’s largest gold mine, in one of the biggest mining deals of the year as mergers and acquisition (M&A) activity in the industry heats up.

The transaction will involve a stock and cash deal whereby Centamin shareholders will receive 0.06983 AngloGold shares and $0.125 in cash for each Centamin share they hold...

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