African Gets Remainder Brazil Gold Project

African Gets Remainder Brazil Gold Project

Brazil M&A Africa Canada

African gold miner AngloGold Ashanti has agreed to acquire the remaining 50% of the Serra Grande gold project from Canada’s Kinross Gold for $220m cash, it says. Serra Grande consists of the Mina III, Mina Nova and Mina Palmeiras mines, an open pit mine and a dedicated processing plant, located in the Brazilian state of Goias. AngloGold, which already holds a 50% stake in the mine, worked with law firm Slaughter and May on the deal and did not use an outside financial advisor, according to the c

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