Gold Fields, AngloGold Ghana JV to create Africa's biggest gold mine
Gold Fields and AngloGold Ashanti have agreed to merge their Tarkwa and Iduapriem mines in Ghana to create Africa's biggest gold mine, the two companies announced on Thursday, 16 March.
Source: Lynn Bendickson © 123RF.com
In a joint statement, the two miners said the deal would see Gold Fields and AngloGold owning 67% and 33% of the joint operation, respectively, excluding the 10% stake the Ghanaian government holds in Tarkwa.
The joint venture would produce an average 900,000 ounces annually over the first five years and 600,000 ounces over its estimated 18-year life of the mine, the companies said.
Source: Reuters
Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day.
Go to: https://www.reuters.com/Related
ArcelorMittal South Africa is in talks to defer long steel plant closure 1 day Rainbow Chicken rebounds with profit surge, cautions on bird flu impact 7 Mar 2025 Rains affect Amplats Tumela production 24 Feb 2025 Post-election unrest hits Maputo port volumes 22 Jan 2025 Adopt-a-School Foundation celebrates its national matric top achiever at a rural Limpopo school 20 Jan 2025 At least seven killed at Ghana gold mine 20 Jan 2025
