Australian miner buys Mali gold mine for $105M

Photo: Iamgold

South Africa’s AngloGold Ashanti and the company’s joint venture partner IAMGOLD have decided to sell their 82% stake in the Sadiola project, in south-western Mali, to Australian miner Allied Gold Corp under a deal worth $105 million.


AngloGold Ashanti and IAMGOLD “each hold a 41% interest in SEMOS with the remaining 18% interest held by the Government of Mali,” AngloGold Ashanti said in a statement.


The Sadiola mine’s on-site surface infrastructure includes a 4.9 million tonnes per annum CIL gold plant, where the ore is eluted and smelted. The facility commenced production in 1996, the statement said.