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AngloGold, Barrick to sell 80% of Morila mine in conflict-ridden Mali

Aug 31, 2020

Source: https://www.mining.com/anglogold-barrick-to-sell-80-of-morila-mine-in-conflict-ridden-mali/

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Morila gold mine’s main pit. (Image courtesy of Mali Lithium.)

AngloGold Ashanti (NYSE: AU) (JSE: ANG) and partner Barrick Gold (TSX: ABX) (NYSE: GOLD) are selling their 80% stake in Mali’s Morila gold mine amid political uncertainty in the country still reeling from a recent coup, the second in less than 10 years.

Australian miner Mali Lithium (ASX: MLL) will pay between $22 million and $27 million for the joint company that holds the two miners’ stakes in the mine. The remaining 20% will stay in the government of Mali’s hands.

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Morila gold mine’s main pit. (Image courtesy of Mali Lithium.)

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