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01.05.25 - 00:45
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AngloGold Ashanti Agrees Sale of Côte d′Ivoire Projects (Business Wire)
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LONDON & DENVER & JOHANNESBURG--(BUSINESS WIRE)--AngloGold Ashanti plc (“AngloGold Ashanti”, “AGA” or the “Company”) has agreed to sell its interests in two gold projects in Côte d'Ivoire to Resolute Mining Limited (“Resolute”) as it continues to sharpen its focus on its operating assets and development projects in the United States.
The Company will sell Centamin West Africa Holdings Limited (“CWAH”), which owns the Doropo Project and the Archean-Birimian Contact (“ABC”) Project in Côte d'Ivoire (collectively, the “Projects”), to Resolute, which has extensive operational experience in West Africa (the “Sale”). The breakdown of the consideration for the Sale is detailed below.
AngloGold Ashanti acquired an indirect interest in the Projects when it acquired Centamin plc in November 2024. Following a Company review to determine how best to maximise value from the Projects, it was determined that the scale of the Doropo Project, as well as competition for capital with othe...
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