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Last Trade - 25/09/20

Sector
Basic Materials
Size
Large Cap
Market Cap £5.27bn
Enterprise Value £5.21bn
Revenue £1.13bn
Position in Universe 933rd / 6400

AngloGold Ashanti, B2Gold in deal over Colombia project

Mon 16th September, 2019 11:05am
JOHANNESBURG, Sept 16 (Reuters) - AngloGold Ashanti Ltd
 ANGJ.J  has entered into an agreement with B2Gold  BTO.TO  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.
    
    


 (Reporting by Tanisha Heiberg)
 ((Tanisha.Heiberg@thomsonreuters.com; +27117753034; Reuters
Messaging: tanisha.heiberg.thomsonreuters.com@reuters.net))
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