Mining company AngloGold Ashanti and its joint venture partner Iamgold plan to sell their stake in the Sadiola project in Mali for $105-million, as the South African company looks to streamline its portfolio.
AngloGold and Iamgold, which each hold 41% in the asset with the remaining 18% held by Mali’s government, plan to sell their stake in the operation, whose principal asset is the Sadiola Mine, to Allied Gold.