AngloGold completes sale of US entity

Anglo gold AshantiBy MTHULISI SIBANDA
JOHANNESBURG, (CAJ News) – ANGLOGOLD Ashanti, the South African-based mining company, has officially announced the sale of the Cripple Creek & Victor mine in the United States to Newmont Mining Corporation.

The deal is worth US$820 million in cash, subject to customary closing adjustments, plus a net smelter return royalty.

The sale was originally announced last month.

At the closing, AngloGold Ashanti received US$819,4 million in cash, which factors in estimated closing adjustments.

Headquartered in Johannesburg, South Africa, AngloGold Ashanti has 20 gold mining operations in ten countries, as well as several exploration programmes in both the established and new gold producing regions of the world.

It is listed on five stock exchanges, including the New York Stock Exchange.

– CAJ News

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Posted by on Aug 4 2015. Filed under Africa & World, Finance, Finance & Banking, Mining, Mining & Engineering, Regional. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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