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Gold Fields, AngloGold rule out merger after Ghana joint-venture deal

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Gold Fields and AngloGold Ashanti are not considering a full-scale merger after they agreed to combine their neighbouring Tarkwa and Iduapriem mines in Ghana to create Africa's biggest gold mine, the two companies said on Thursday.

"I think it’s going to be asset-specific and opportunity-specific," Preece said.

The joint venture would produce an average 900,000 ounces annually over the first five years and 600,000 ounces over its estimated 18-year life of the mine, the companies said.

 

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