AngloGold Ashanti and Barrick Gold conclude sale of their interest in Morila Limited

MALI – AngloGold Ashanti and Barrick Gold have concluded the sale of their interest in Morila Limited, which owns 80% of the Morila gold mine in Mali, to Firefinch (previously named Mali Lithium) for US$28.8 million. The state of Mali continues to hold the remaining 20%. The net proceeds to AngloGold Ashanti’s account will be US$3.6 million taking into consideration shareholder loans and intercompany payables. Firefinch will seek to extend Morila’s life by accessing satellite resources and adapting the mine’s infrastructure. The company will employ all of Morila’s workforce, providing…

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