The joint venture would produce an average 900,000 ounces
annually over the first five years and 600,000 ounces over its
estimated 18-year life of the mine, the companies said.
(Reporting by Nelson Banya; editing by Jason Neely)
March 16 (Reuters) - Gold Fields and AngloGold
Ashanti have agreed to merge their Tarkwa and Iduapriem
mines in Ghana to create Africa's biggest gold mine, the two
companies announced on Thursday.
In a joint statement, the two miners said the deal would see
Gold Fields and AngloGold owning 67% and 33% of the joint
operation, respectively, excluding the 10% stake the Ghanaian
government holds in Tarkwa.
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