AngloGold Ashanti, which currently holds, through its subsidiaries, a 50% interest in the Serra Grande (Crixás) mine in Brazil, has agreed to acquire the remaining 50% stake in the mine from Kinross Gold for US$220 million in cash. The transaction will be funded from existing cash reserves and debt facilities and remains subject to various
conditions, detailed below.
In 2011, the Serra Grande mine produced 134,000oz of
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