You are currently viewing our desktop site, do you want to visit our Mobile web app instead?
 Registered users can save articles to their personal articles list. Login here or sign up here

AngloGold Ashanti, B2Gold in deal over Colombia project  

B2Gold will fund the investment and exploration of the project.

AngloGold Ashanti has entered into an agreement with B2Gold at its Gramalote project in Colombia that will see its Canadian joint venture partner raise its stake and assume management of the project.

AngloGold Ashanti said as part of the agreement B2Gold will fund investment and exploration to the value of $13.9 million at the project next year in return for taking its stake up to 50% and will assume management of the project in January 2020.

B2Gold currently owns a 48.3% stake with AngloGold Ashanti, which also has operations in South Africa, holding the remaining 51.7%.

“B2Gold has proven itself a strong, experienced player in exploration, feasibility studies and project execution, which makes it an excellent partner for us,” said AngloGold Ashanti CEO Kelvin Dushnisky. 

Get access to Moneyweb's financial intelligence and support quality journalism for only
R63/month or R630/year.
Sign up here, cancel at any time.

COMMENTS   0

To comment, you must be registered and logged in.

LOGIN HERE

Don't have an account?
Sign up for FREE

LATEST CURRENCIES  

USD / ZAR
GBP / ZAR
EUR / ZAR

Podcasts

NEWSLETTERS WEB APP SHOP PORTFOLIO TOOLS TRENDING CPD HUB

Follow us:

Search Articles:Advanced Search
Click a Company: