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Friday, 13th August 2004 (3888 views)

South African firm AngloGold Ashanti has sold its Union Reefs gold mine in the Northern Territory.<BR/><BR/>The move is part of a joint venture with Harmony Gold Mining and Northern Gold.<BR/><BR/>The venture will be in charge of all future obligations linked with the assets, as well as remaining site works and reclamation.<BR/><BR/>In addition, with both firms having equal ownership the partnership will pay AUS $4 million for the assets which include a 2.8 million tonnes processing plant, single persons quarters and mining and exploration housing.<BR/><BR/>Mining at the site was completed in the third quarter of 2003.<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=3228587"/>

 

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