AngloGold Ashanti signs MoU with Matsa

Company News

by Rachael Jones

Matsa Resources (ASX:MAT) has executed a Memorandum of Understanding (MOU) with AngloGold Ashanti Australia (ASX:AGG) to benefit Matsa’s gold mining and exploration activities throughout the extensive Lake Carey gold project which includes the Fortitude, Red Dog and Red October gold mines.

AngloGold is to receive first option, and endeavour to treat all gold ore produced by Matsa within the MOU area subject to ore complying with technical requirements

Both parties to enter a separate technical data sharing agreement under which exploration and other technical information is to be shared and discussed.

And they will share infrastructure including airport, roads, medical and other facilities where mutually beneficial

Shares in AngloGold Ashanti Australia (ASX:AGG) last traded at $2.23 yesterday.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.