AngloGold Ashanti to sell Brazilian mine
Gold miner AngloGold Ashanti has agreed to sell its interest in Mineração Serra Grande mine (MSG) in Goiás, Brazil, to mid-tier gold and copper producer Aura Minerals. The company will sell MSG to a Brazilian-incorporated affiliate of Aura for a cash consideration of $76-million on closing subject to certain working capital adjustments as at the closing date; and deferred consideration payments equivalent to a 3% net smelter returns participation over the current mineral resource of MSG inclusive of the mineral reserve.
Gold miner AngloGold Ashanti has agreed to sell its interest in Mineração Serra Grande mine (MSG) in Goiás, Brazil, to mid-tier gold and copper producer Aura Minerals. The company will sell MSG to a Brazilian-incorporated affiliate of Aura for a cash consideration of $76-million on closing subject to certain working capital adjustments as at the closing date; and deferred consideration payments equivalent to a 3% net smelter returns participation over the current mineral resource of MSG inclusive of the mineral reserve.
