Resolute Mining Limited
(ASX:RSG) has announced that it has executed an agreement to divest the company’s residual interests and assets in Tanzania.
The decision follows the closure of Resolute’s Golden Pride mine in late 2013.
As agreed with the government of Tanzania the mine site and all remaining infrastructure was formally handed over to the Madini institute at the end of last year.
The gold miner says the divestment has the advantage of eliminating the administration and running costs of these residual projects and assets.
The company made a loss of $568.76 million at 30 June 2015.
