AngloGold Ashanti (ASX:AGG) agrees to sell its interest in the Sadiola Mine

Company News

by Rachael Jones

AngloGold Ashanti (ASX:AGG) with its joint venture partner, IAMGOLD Corporation has agreed to sell their interests in SEMOS to Allied Gold Corp.

SEMOS’ principal asset is the Sadiola Mine located in the Kayes region of Western Mali.

AngloGold Ashanti and IMG each hold a 41 per cent interest in SEMOS with the remaining 18 per cent interest held by the Government of Mali.

They will sell their collective interests in SEMOS to Allied Gold for a cash consideration of US$105 million.

Shares in AngloGold Ashanti (ASX:AGG) are trading 0.66 per cent lower at $6.01
 

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.