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Monday, 13th December 2004 (4134 views)

South Africa's AngloGold Ashanti has announced it has signed an exploration deal with Australia's Oxiana to explore for hold in Laos.<br/><br/>The alliance is part of a growth strategy at AngloGold, as it attempts to assess opportunities in prospective but under-explored new frontier regions.<br/><br/>According to Interactive Investor, Oxiana already mines gold in Laos and this deal follows an investment in Russia's Trans-Siberian Gold and a venture with Red 5 in the Philippines.<br/><br/>AngloGold hopes to further unlock the gold potential of Laos, since it claims although it is highly prospective for the precious metal so far it has been under explored.<br/><br/>The companies will work together using AngloGold's technical expertise and Oxiana's in-depth country knowledge and operating experience.<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=7307812"/>

 

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