Gold majors Gold Fields and AngloGold Ashanti propose Ghana JV to create Africa's largest gold mine GoldFields AngloGoldAshanti
- Gold Fields and AngloGold Ashanti announced today that they have agreed the key terms of a proposed joint venture in Ghana between Gold Fields' Tarkwa and AngloGold Ashanti's neighboring Iduapriem mines.
According to a press release, it is intended that the proposed joint venture will be an incorporated joint venture, constituted within Gold Fields Ghana and operated by Gold Fields. AngloGold Ashanti will contribute its 100% interest in Iduapriem to Gold Fields Ghana in return for a shareholding in that company.
"The proposed joint venture would create the largest gold mine in Africa and one of the largest in the world. It will be a high-quality operation, supported by a substantial mineral endowment and an initial life spanning almost two decades.
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