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AU - AngloGold Ashanti News Story

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Last Trade - 07/05/21

Sector
Basic Materials
Size
Large Cap
Market Cap £6.89bn
Enterprise Value £7.46bn
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AngloGold Ashanti waives pre-emptive right over stake in Tropicana Gold Mine

Thu 22nd April, 2021 6:46am
JOHANNESBURG, April 22 (Reuters) - South Africa's AngloGold
Ashanti said on Thursday it has decided to waive its pre-emptive
right over the 30% stake in Australia's  Tropicana Gold Mine,
paving the way for Regis Resources to acquire the stake from
current joint venture partner IGO Ltd.
    Last Tuesday, IGO said it had entered into a binding pact
with Regis for the sale of its interest in the Tropicana joint
venture for A$903 million ($699 million), but completion of the
deal was subject to AngloGold waiving its right to pre-empt the
offer on the same price and terms.  urn:newsml:reuters.com:*:nASN0012CK
    
($1 = 1.2918 Australian dollars)

 (Reporting by Nqobile Dludla; Editing by Krishna Chandra Eluri)
 ((nqobile.dludla@thomsonreuters.com; +27103461066;))
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