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.
When asked by reporters if a merger was under consideration, AngloGold CEO Alberto Calderon said: “We are in similar places around the world, but for now this is the thing we are focused on. We’re not going to entertain any speculation on that . There’s no conversation or anything of that sort.” 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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