Information of AngloGold Ashanti mulling the sale of the huge gold advanced within the southeast Brazilian mining state of Minas Gerais hit the wires earlier this week.
The gold advanced, operated by the South African miner’s subsidiary AGA Mineração, consists of 1 open pit mine and one underground mine, which have been in manufacturing since 1989.
A spokesperson for AngloGold confirmed the corporate was contemplating strategic alternate options for the Córrego do Sítio mining advanced, which included the potential sale of the operation.
“The corporate is working by means of this course of and can present an replace as soon as a ultimate final result is set,” the spokesperson instructed MINING.COM.
The gold firm additionally owns the close by Cuiabá advanced, made up of Cuiabá and Lamego underground mines and the Cuiabá and Queiroz vegetation.
AngloGold produces round 510,000 ounces of gold in Brazil from the 2 mining complexes. Collectively, they account for 15% of the miner’s complete world manufacturing.
It additionally owns the huge Serra Grande operation, which contains three underground mines, an open pit mine and a devoted metallurgical plant, situated within the Goiás State, central Brazil.