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Friday, 10th September 2004 (4464 views)

AngloGold Ashanti has revealed it has agreed to sell all its mining operations in Zimbabwe to Mwana Africa Holdings.<BR/><BR/>The sale for approximately R15 million had been considered for "quite some time" according to spokesman Steve Lenahan.<BR/><BR/>However, the transaction is still conditional and will only go ahead once Mwana gets particular approvals from Zimbabwe and the South African Reserve Bank.<BR/><BR/>AngloGold Ashanti president Sam Jonah said: "The sale of Freda-Rebecca to Mwana is entirely consistent with our policy of disposing of shorter life. We want to concentrate on our financial and managerial resources we believe will generate long-term value for shareholders". <BR/><BR/>The Freda-Rebecca Gold Mine based near Bindura last produced 51,091 ounces of gold in 2003.<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=3395744"/>

 

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