GOLD
South African miner Gold Fields has teamed up with Canada-based Asanko Gold in Ghana, with the gold miners announcing on Thursday that the JSE-listed major would buy a 45% interest in the Asanko gold mine (AGM) for $185-million. The companies have agreed to form a 50:50 joint venture (JV), which would own Asanko’s 90% interest in its namesake gold mine and other properties in Ghana. The Ghana government holds a free-carried 10% interest.
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