AngloGold in talks to sell US mine | Fin24
 
  • Covid-19 Money Hub

    The hub will help answer your business and money questions during the coronavirus crisis.

  • Cigarette Ban

    British American Tobacco says the ban harms the 'emotional well-being' of smokers.

  • Rand Rigging

    The Competition Commission has revived its case against banks accused of currency manipulation.

Loading...

AngloGold in talks to sell US mine

Apr 13 2015 09:10
Mining

(Shutterstock)

Company Data

ANGLOGOLD ASHANTI LIMITED [JSE:ANG]

Last traded 413
Change -30
% Change -7
Cumulative volume 2299210
Market cap 0

Last Updated: 01/01/0001 at 12:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

AngloGold may sell US asset

Gold pulls SA mining production down

Mugabe won't budge on mining compliance

 

New York - Africa's top gold mining company AngloGold Ashanti [JSE:ANG] is entering second-round talks with two potential partners or buyers for its Cripple Creek & Victor (CC&V) mine in the United States, the Financial Times reported on Sunday.

Newmont Mining and Canada's Kinross Gold are discussing a deal with AngloGold for part or all of Cripple Creek, the paper said. At least two other Canadian mining companies Iamgold and Goldcorp are also interested in acquiring all or part of the mine, the paper reported.

AngloGold has said it wants to reduce debt and that the sale of a stake in the US mine and two others in Mali are part of an "objective to simplify and improve the overall quality of its portfolio".

CC&V is a surface mining operation in Colorado that generated 211 000 ounces of bullion last year.

ALSO READ: AngloGold may sell US asset

anglo gold ashanti  |  us  |  mining
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

Voting Booth

How has Covid-19 impacted your financial position?

Previous results · Suggest a vote

Loading...