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Anglogold Ashanti For Sale Navachab Gold Mine

ANGLOGOLD Ashanti (AGA) is busy finalising the offers received for the sale of the Navachab Gold Mine, the Senior Manager of Sustainability and Country Relations, Chris Movirongo told Nampa.

  • Namibia: Sale of Navachab Mine Gaining Momentum ... Namibia: Sale of Navachab Mine Gaining Momentum ...

    ANGLOGOLD Ashanti (AGA) is busy finalising the offers received for the sale of the Navachab Gold Mine, the Senior Manager of Sustainability and Country Relations, Chris Movirongo told Nampa.

  • AngloGold has bidders' list for Navachab mine ... AngloGold has bidders' list for Navachab mine ...

    May 02, 2013 AngloGold’s Navachab mine in Namibia “’ up for sale Johannesburg, South Africa — 02 May 2013 – AngloGold Ashanti Limited “’ the world’s third-largest producer of the precious metal “’ has selected a shortlist of bidders for its Navachab mine in Namibia, after what it describes as “good interest” in the asset. “From the initial group we’ve selected a shortlist of ...

  • Private miner completes acquisition of AngloGold’s Navachab Private miner completes acquisition of AngloGold’s Navachab

    Jul 01, 2014 The sale of Navachab, which has been owned and operated by AngloGold Ashanti since its formation in 1998, stems from a strategy launched last year in which AngloGold said it …

  • AngloGold Ashanti proposes to acquire Corvus Gold for … AngloGold Ashanti proposes to acquire Corvus Gold for …

    Jul 13, 2021 AngloGold Ashanti has a long track record of operating gold mines in the United States, where it operated the Cripple Creek & Victor mine in Colorado from acquisition in 1999 through to its sale to Newmont Corporation in 2015 and the Jerritt Canyon Gold mine in Nevada from acquisition in 1999 through to its sale in 2003.

  • Private miner completes acquisition of AngloGold’s Navachab Private miner completes acquisition of AngloGold’s Navachab

    Jul 01, 2014 The sale of Navachab, which has been owned and operated by AngloGold Ashanti since its formation in 1998, stems from a strategy launched last year in which AngloGold said it …

  • News releases - AngloGold Ashanti News releases - AngloGold Ashanti

    AngloGold Ashanti completes sale of Navachab mine PDF , 135.4kb. 19th May 2014. AngloGold Ashanti Production up 17%; Costs down 22% PDF , 131kb. 15th May 2014. AngloGold Ashanti: Results of the seventieth annual general meeting of shareholders PDF , 134.6kb. 3rd Apr 2014

  • navachab gold mine namibia - … navachab gold mine namibia - …

    Aug 06, 2021 AngloGold Ashanti. AngloGold Ashanti is a global gold mining company. It was formed in 2004 by the merger of AngloGold and the Ashanti Goldfields Corporation.. AngloGold Ashanti is now a global gold producer with 21 operations on four continents.

  • QKR Corporation | Mining News QKR Corporation | Mining News

    Jul 01, 2014 AngloGold Ashanti is pleased to announce completion of its sale of AngloGold Ashanti Namibia, a wholly owned subsidiary, which owns the Navachab Gold Mine, to QKR Corporation. “We’re pleased to have closed this sale, as we focus on optimising our...

  • Pengilly's QKR swoops on $110m Navachab - Miningmx Pengilly's QKR swoops on $110m Navachab - Miningmx

    Feb 10, 2014 The royalty is payable provided the gold price received by Navachab is not lower than $1,350/oz. The royalty governs the first 18,750 ounces produced by the mine each quarter. In AngloGold Ashanti’s 2012 financial year, Navachab produced 74,000 ounces of gold – about 2% of the group’s total production – at a cash cost of US$929/oz.

  • AngloGold Ashanti Enters Into Agreement to Sell Navachab Mine AngloGold Ashanti Enters Into Agreement to Sell Navachab Mine

    Feb 10, 2014 JOHANNESBURG, SOUTH AFRICA--(Marketwired - Feb 10, 2014) - AngloGold Ashanti (NYSE: AU) is pleased to announce that it has signed a binding agreement to sell its entire interest in AngloGold Ashanti Namibia (Proprietary) Limited ( AGAN ), a wholly owned subsidiary which owns the Navachab Gold Mine ( Navachab ), to a wholly-owned subsidiary of QKR Corporation Limited …

  • Osino’s Namibian gold discovery looks to be a gem | The ... Osino’s Namibian gold discovery looks to be a gem | The ...

    Sep 02, 2021 Navachab Gold Mine was sold by AngloGold Ashanti in 2014 to Canadian producer QKR. Osino’s Twin Hills project is located about 25km from Navachab, and covers an area of some 7 000 square kilometres on the Karibib Fault Line, about 200km north-west of Windhoek. Prospects

  • AngloGold to Sell African Mine to QKR - Yahoo AngloGold to Sell African Mine to QKR - Yahoo

    Feb 11, 2014 As of Dec 31, 2012, Navachab gold mine had gold mineral resources of 4,410,000 ounces and gold ore reserves of 2,100,000 ounces. The mine produced 74,000 ounces of gold at a cash cost of $929 per ...

  • Business model - Integrated report 2020 | AngloGold Ashanti Business model - Integrated report 2020 | AngloGold Ashanti

    The average number of people employed by AngloGold Ashanti declined by 13% in 2014, a consequence of the company’s rationalisation process, the sale of the Navachab mine and the transition of Obuasi in Ghana to limited operating status.

  • UNITED STATES SECURITIES AND EXCHANGE … UNITED STATES SECURITIES AND EXCHANGE …

    ANGLOGOLD ASHANTI COMPLETES SALE OF NAVACHAB MINE (JOHANNESBURG – PRESS RELEASE) - AngloGold Ashanti is pleased to announce completion of its sale of AngloGold Ashanti Namibia (Proprietary) Limited, a wholly owned subsidiary which owns the Navachab Gold Mine, to QKR Corporation Limited. The transaction, announced on 10 February

  • Navachab Gold Mine sold | Namibia Economist Navachab Gold Mine sold | Namibia Economist

    Navachab Gold mine, the country’s only producing gold mine has been sold to a UK-based private mining group QKR for US$110 million. AngloGold Ashanti, the South African-based global gold producer announced this Monday that it has signed a binding agreement to sell its entire interest in AngloGold Ashanti Namibia, a wholly-owned subsidiary which owns the Navachab Gold Mine, to a …

  • QKR Corporation Buys Navachab Mine From AngloGold | … QKR Corporation Buys Navachab Mine From AngloGold | …

    Feb 10, 2014 The ?Chief Executive Officer (CEO) of?AngloGold Ashanti,?Srinivasan Venkatakrishnan (Venkat) ?has announced that the company has signed a binding agreement to sell its Navachab mine …

  • Navachab Gold Mine, Adexen.com Navachab Gold Mine, Adexen.com

    The Navachab Gold Mine was acquired by QKR from AngloGold Ashanti in June 2014, for $110m. QKR is set up by former JPMorgan banker Lloyd Pengilly with funds from Qatar and Polish billionaire Jan Kulczyk Navachab, the oldest gold mine in Namibia, takes its name from the local Navachab farm, which the gold deposit was found beneath.

  • AngloGold wishes Navachab a fond fairwell | … AngloGold wishes Navachab a fond fairwell | …

    Feb 11, 2014 AngloGold Ashanti will continue to operate Navachab until the closing of the transaction. Considering the operation employs 953 employees and contractors on site, of which just over 400 are permanent staff, the move is a good sign which will ensure the Navachab’s ongoing operation and secure many local jobs in the region.

  • AngloGold: Epangelo buys into Navachab AngloGold: Epangelo buys into Navachab

    Oct 30, 2013 Epangelo Mining, a Namibian state-owned investment company, planned to buy a stake in the country’s biggest gold mine, managing director Eliphas Hawala said this week. The mine, Navachab…

  • AngloGold Ashanti Limited For personal use only AngloGold Ashanti Limited For personal use only

    May 11, 2015 AngloGold Ashanti Limited (Incorporated in the Republic of South Africa) ... the sale of the Navachab mine last year as well as the ... concerning the economic outlook for the gold mining industry, expectations regarding gold prices, production, cash costs, all-in sustaining costs, all-in costs, cost savings and other operating results, return ...

  • Another big Gold discovery on the Super-Rich African ... Another big Gold discovery on the Super-Rich African ...

    Navachab Gold Mine was sold by AngloGold Ashanti in 2014 to Canadian producer QKR. Osino’s Twin Hills project is located about 25km from Navachab, and covers an area of some 7 000 square kilometres on the Karibib Fault Line, about 200km north-west of Windhoek. Prospects

  • AngloGold Ashanti gives approval for Tropicana sale | … AngloGold Ashanti gives approval for Tropicana sale | …

    Apr 22, 2021 Gold miner AngloGold Ashanti has waived its pre-emptive rights over joint venture (JV) partner Independence Group’s (IGO’s) 30% interest in the Tropicana gold mine, clearing the way for ASX-listed Regis Resources to acquire the interest. Regis and IGO earlier this month struck a A$903-million agreement under which Regis would acquire IGO’s interest in the Western Australian gold …

  • AngloGold Ashanti to cut $500m costs, sell Navachab in ... AngloGold Ashanti to cut $500m costs, sell Navachab in ...

    May 25, 2013 AngloGold Ashanti Ltd., the third-biggest producer of the metal, said profit rose with output in the first quarter after strikes ended. Accordding to Bloomberg from South Africa, Adjusted headline earnings, which exclude one-time events such as asset sales, climbed to $113 million, or 29 cents a share, from $19 million, or 5 cents, in the previous quarter, the Johannesburg-based company …