Kinross To Divest Crixas Mine
Gold miner Kinross Gold Corporation (NYSE:KGC) announced that it has agreed to sell its 50% interest in Brazil’s Crixas gold mine to AngloGold Ashanti Ltd for $220 million. The transaction is expected to close in the second quarter of 2012 and is subject to the receipt of regulatory approvals. The deal will make AngloGold Ashanti [...]
Gold miner Kinross Gold Corporation (NYSE:KGC) announced that it has agreed to sell its 50% interest in Brazil’s Crixas gold mine to AngloGold Ashanti Ltd for $220 million. The transaction is expected to close in the second quarter of 2012 and is subject to the receipt of regulatory approvals.
The deal will make AngloGold Ashanti the single owner of Crixas as the South African gold miner currently holds the remaining 50% in the mine. Kinross’ main aim is to focus on its core assets along with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards