(3 minutes read)
· South Africa’s AngloGold Ashanti has finalized the sale of its stake in the Sadiola gold mine in Mali for nearly R400 Million as it completes its asset disposal program
· AngloGold is JSEC listed
· This year, it sold all its SA mines and assets to Harmony Gold: its joint venture partner -Canada’s Iamgold- has agreed to the deal for selling interests in the Sadiola mine
South Africa’s AngloGold Ashanti has finalized the sale of its stake in the Sadiola gold mine in Mali for nearly R400million as it completes its asset disposal program.
AngloGold is JSEC listed. This year, it sold all its SA mines and assets to Harmony Gold. Its joint venture partner -Canada’s Iamgold- has agreed to the deal for selling interests in the Sadiola mine.
AngloGold Ashanti is a global gold mining company with a geographically diverse portfolio of operations and projects. The mining company works across the full spectrum of the mining value chain.
Prior to the completion of the Transaction, AGA and IMG each held a 41% interest in SEMOS with the remaining 18% interest held by the Republic of Mali. Pursuant to the Transaction and immediately prior to Completion, the Republic of Mali acquired a further 2% interest in SEMOS (1% each from AGA and IMG) (the “Republic Transaction”). Consequently, AGA and IMG each sold a 40% interest in SEMOS to Allied Gold Corp. Immediately prior to the transaction, a dividend of US$20 million was declared and paid by SEMOS pro rata to its shareholders. AGA and IMG each received a cash dividend of US$8.2 million and the Republic of Mali received a cash dividend of US$3.6 million.
