AngloGold Completes Sale Of Stake In Boddington Mine
26 June 2009 - 5:18PM
Dow Jones News
AngloGold Ashanti Ltd. (AU), the world's third-largest producer
of the metal, Friday said it has completed the sale of its
one-third joint venture interest in the Boddington mine in Western
Australia to Newmont Mining Corp. (NEM).
As a result, the Johannesburg-based gold producer has received
$750 million in cash and been reimbursed roughly 225 million
Australian dollars ($180 million) for contributions it made to the
venture since the start of the year. AngloGold in return paid
Newmont $8 million of its share of working capital.
-By Robb M. Stewart, Dow Jones Newswires; +27 11 783 7848;
robb.stewart@dowjones.com