Negotiations with the government and key stakeholders on the proposed Joint Venture (JV) between Gold Fields Ghana’s Tarkwa Mine and AngloGold Ashanti’s Iduapriem Mine is expected to be completed by the end of the year, the Executive Vice President (EVP) of Gold Fields West Africa, Joshua Mortoti, has said.
“We have given ourselves sufficient time, at least to the end of the year to be able to get the necessary agreements that we have to get to make the transaction on the JV come into fruition,” he said during a press briefing on the JV in response to a question on when negotiations concerning merging of the two entities were expected to be completed.
Gold Fields and AngloGold Ashanti, last Wednesday, announced a proposed JV in Ghana between Gold Fields’ Tarkwa and AngloGold Ashanti’s neighbouring Iduapriem Mine. Read more