News of AngloGold Ashanti mulling the sale of the vast gold complex in the southeast Brazilian mining state of Minas Gerais, hit the wires earlier this week.
The gold complex, operated by the South African miner’s subsidiary AGA Mineração, consists of one open pit mine and one underground mine, which have been in production since 1989.
A spokesperson for AngloGold confirmed the company was considering strategic alternatives for the Córrego do Sítio mining complex, which included the potential sale of the operation.
“The company is working through this process and will provide an update once a final outcome is determined,” she told MINING.COM.
The gold company also owns the nearby Cuiabá complex, made up of Cuiabá and Lamego underground mines and the Cuiabá and Queiroz plants.
AngloGold produces around 510,000 ounces of gold in Brazil from the two mining complexes. Together, they account for 15% of the miner’s…
