Gold Fields Ghana executive VP sees AngloGold joint mine venture deal by end 2023 (updated)

Manhattan Uranium Discovery

24/03/2023 12:42

(Adds details, context)
       ACCRA, March 24 (Reuters) - The executive Vice President
and head of Gold Fields  GFIJ.J  West Africa, Joshua Mortoti,
said on Friday he saw the conclusion of a proposed joint venture
agreement with AngloGold  ANGJ.J  on their Ghanaian mines by the
end of 2023 or early next year.
        Gold Fields and AngloGold Ashanti agreed to combine
their neighbouring Tarkwa and Iduapriem mines in Ghana to create
Africa's biggest gold mine, the two companies 
    said
     last week.
  
    "We're giving ourselves sufficient time at least to the end
of the year to be able to get the necessary agreements that we
have to get to make this transaction come to fruition," he said
at a briefing on the proposed plan.
        He added there were also plans to earnestly engage the
government by the middle of April on the proposed joint venture.
  
        Gold Fields and AngloGold would own 60% and 30% of the
joint operation, respectively, with the Ghanaian government
holding 10%, AngloGold CEO Alberto Calderon said last week.
  

 (Reporting by Christian Akorlie; Writing by Anait Miridzhanian;
Editing by James Macharia Chege)
 ((Anait.Miridzhanian@thomsonreuters.com;))