JOHANNESBURG, Oct 31 (Reuters) - AngloGold Ashanti and Ranggold said on Saturday they had entered into an agreement with Congo's state owned OKIMO to buy a stake in Moto Goldmines for $113.6 million.
Post transaction, AngloGold and Randgold will own 90 percent stake in Moto Gold Mines and the remainer wil be held by OKIMO.
'This increases our participation in the Moto Gold project, which is an important part of our future growth plans,' said AngloGold Ashanti CEO Mark Cutifani.
(Reporting by Gugulakhe Lourie) (For full Reuters Africa coverage and to have your say on the top issues, visit: http://af.reuters.com/) Keywords: ANGLOGOLDASHANTI/ (gugu.lourie@thomsonreuters.com; +27 11 775 3162;) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Post transaction, AngloGold and Randgold will own 90 percent stake in Moto Gold Mines and the remainer wil be held by OKIMO.
'This increases our participation in the Moto Gold project, which is an important part of our future growth plans,' said AngloGold Ashanti CEO Mark Cutifani.
(Reporting by Gugulakhe Lourie) (For full Reuters Africa coverage and to have your say on the top issues, visit: http://af.reuters.com/) Keywords: ANGLOGOLDASHANTI/ (gugu.lourie@thomsonreuters.com; +27 11 775 3162;) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.