MINING company AngloGold Ashanti is entering second-round talks with two potential partners or buyers for its Cripple Creek & Victor (CC&V) mine in the US, the Financial Times reported on Sunday.
Newmont Mining and Canada’s Kinross Gold were discussing a deal with AngloGold for part or all of Cripple Creek. At least two other Canadian mining companies Iamgold and Goldcorp were also interested in acquiring all or part of the mine.
AngloGold has said it wanted to reduce debt and that the sale of a stake in the US mine and two others in Mali were part of an “objective to simplify and improve the overall quality of its portfolio”.
CC&V is a surface mining operation in Colorado that generated 211 000 ounces of bullion last year. Anglogold shares added 2.23 percent to R124.42 on the JSE yesterday.– Bloomberg