| Iamgold in talks to buy AngloGold's stakes in two Mali mines | |
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April 1 (Reuters) - Canadian gold miner Iamgold Corp is in talks with AngloGold Ashanti Ltd on buying AngloGold's stakes in two gold mines in Mali in which they are partners, Iamgold said late on Tuesday. Iamgold and AngloGold each own 41 percent of the Sadiola mine in southwestern Mali. The two miners also each own a 40 percent stake in the nearby Yatela mine. South African-headquartered AngloGold is the operator of both mines, in which the government of Mali owns the remaining interests. AngloGold, under pressure to reduce its debt, said earlier on Tuesday that it intends to dispose of its stakes in Sadiola and Yatela. It said it had been approached by a potential buyer that meets its criteria and has asked for a binding bid. The Sadiola mine is nearing the end of its supply of oxide ore, or soft rock, and an expansion to process hard rock is necessary. Iamgold has said that although the expansion will provide growth at lower costs it is not its preference to make the investment on its own. "Iamgold has been having ongoing dialogue with AngloGold, with respect to how the Sadiola expansion project could move forward and to help facilitate their exit from their share of the assets. Acquiring their share of the assets has always been one of the options," Iamgold spokeswoman Laura Young said in an email. (Reporting by Nicole Mordant in Vancouver; Editing by Peter Galloway)
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IAMGOLD Corporation
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PRODUCER |
CODE : IMG.TO |
ISIN : CA4509131088 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
IAMGOLD is a gold producing company based in Canada. IAMGOLD produces gold, diamonds, lead, niobium, rare earth, silver and zinc in Botswana, in Canada, in Ecuador, in Ghana, in Guyana, in Indonesia, in Mali, in Peru, in South Africa, in Suriname and in Tanzania, develops gold in Burkina Faso, in Ecuador and in French Guyana, and holds various exploration projects in Canada, in Ecuador, in Honduras, in Peru and in South Africa. Its main assets in production are OMAI MINE in Guyana, MOUSKA MINE, PORCUPINE, SLEEPING GIANT, DOYON, NIOBEC and GRAND DUC in Canada, YATELA and SADIOLA in Mali, MUPANE in Botswana, DAMANG PROJECT, TARKWA and TEBEREBIE in Ghana, ROSEBEL in Suriname, ZARUMA in Ecuador, ARDO MINE in South Africa, BUCKREEF in Tanzania, RAWAS GOLD PROJECT in Indonesia and TAMBORAQUE in Peru, its main assets in development are ESSAKANE in Burkina Faso, CAMP CAIMAN in French Guyana and QUIMSACOCHA PROJECT in Ecuador and its main exploration properties are BAMBADJI in Senegal, TEX-SOL, LESPERANCE, CREVIER and WESTWOOD in Canada, ALAMOUTALA (SADIOLA II) and SIRIBAYA in Mali, GILT EDGE MINE & ANCHOR HILL in Ecuador, PODEROSA MINE in Peru and VUELTAS DEL RIO / EL ZAPOTAL in Honduras. IAMGOLD is listed in Australia, in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 2.5 billions as of today (US$ 1.9 billions, € 1.7 billions). Its stock quote reached its highest recent level on April 28, 2006 at CA$ 9.98, and its lowest recent point on September 30, 2022 at CA$ 1.27. IAMGOLD has 464 620 000 shares outstanding. |