The deal would make the South African gold miner the world’s fourth largest producer of the precious metal as it hands it the key to the Sukari mine in Egypt.
Sukari is the country’s largest and first modern gold operation, as well as one of the world’s largest producing mines.
The addition of the Sukari mine to its portfolio will increase AngloGold’s annual production by around 450,000 ounces, bringing its total output to 3.1 million ounces.
Since production began in 2009, Sukari has produced more than 5.9 million ounces of gold, and has a projected mine life of 14 years.
The acquisition of Centamin has already received clearance from Egypt’s competition authorities.
There is still one obstacle to overcome, AngloGold said, which is the approval of the scheme by the Jersey Court, withe the hearing scheduled for November 20.
Once the deal goes through, AngloGold shareholders will hold…
