Sale of Sadiola mine in Mali: AngloGold Ashanti undergoing due diligence
Extraction was suspended last year at the gold mine which has resources of 3.23 million ounces.
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▪ Sale of Sadiola mine in Mali: AngloGold Ashanti undergoing due diligence
▪ Extraction was suspended last year at the gold mine which has resources of 3.23 million ounces.
20/11/2019 at 18h14, by Gaëlle Arenson, updated 22/11/2019
The mine is still open though and has transitioned to a stockpile treatment plan. Following the depletion of oxide ore reserves at the mine, the site’s operator, AngloGold Ashanti Ltd and joint shareholder IamGold, started discussions with the authorities to develop a sulphide ore treatment project. However, since negotiations with Bamako have been unsuccessful, Anglo and IamGold, which both own 41% of the mine, have decided to sell their shares.
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