AngloGold, Gold Fields pause Ghana JV talks to focus on standalone assets
South Africa-headquartered gold producers AngloGold Ashanti and Gold Fields have agreed to pause discussions on the proposed joint venture (JV) to combine their neighbouring Iduapriem and Tarkwa gold mines in Ghana, as both companies focus on unlocking value from their standalone operations. Announced in March 2023, the proposed combination was set to create Africa’s biggest gold mine, leveraging operational synergies between AngloGold’s Iduapriem and Gold Fields’ Tarkwa mines. Since then, both parties have engaged in extensive dialogue with the Ghanaian government in pursuit of the necessary approvals.
South Africa-headquartered gold producers AngloGold Ashanti and Gold Fields have agreed to pause discussions on the proposed joint venture (JV) to combine their neighbouring Iduapriem and Tarkwa gold mines in Ghana, as both companies focus on unlocking value from their standalone operations. Announced in March 2023, the proposed combination was set to create Africa’s biggest gold mine, leveraging operational synergies between AngloGold’s Iduapriem and Gold Fields’ Tarkwa mines. Since then, both parties have engaged in extensive dialogue with the Ghanaian government in pursuit of the necessary approvals.
