Canadian miner B2Gold and South Africa’s AngloGold Ashanti have agreed to amend the ownership percentages of their joint venture (JV) on the Gramalote gold project, in Colombia, with the Vancouver-headquartered company set to increase its shareholding and take over as manager.
The companies have agreed that B2Gold will sole fund the next $13.9-million of expenditures on the Gramalote project to increase its ownership from 48.3% to 50%.