Randgold, AngloGold buy further 20 pct of Moto gold project

Economy, Ghana — By AfricaTimes on November 2, 2009 8:25 am

African miners Randgold Resources and AngloGold Ashanti have agreed to buy an additional 20 percent in the Moto gold project in the mineral-rich Democratic Republic of Congo for about $113.6 million.

The acquisition will be funded equally by Randgold and AngloGold, with Randgold funding its share from existing cash resources, Randgold said.

On Oct 15, Randgold and AngloGold Ashanti, the world’s third-biggest mining group, completed the acquisition of Moto Goldmines, which owns 70 percent of the Moto gold project.

Reuters.

2 Comments

  1. Zoe Murphy says:
    July 9, 2010 at 1:51 pm

    Ashanti is one of my favorite singers because of a great, crystal clear voice..-~

  2. DL-Phenylalanine says:
    April 25, 2011 at 10:56 pm

    me and my sister always love the music of Ashanti,she is also a very beautiful singer”                                                

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