AngloGold in talks to sell part, all of U.S. mine - CNBC Africa

AngloGold in talks to sell part, all of U.S. mine

Mining

by Reuters 0

AngloGold in talks to sell part, all of U.S. mine.

Africa's top gold mining company [DATA ANG:AngloGold Ashanti Limited] is entering second-round talks with two potential partners or buyers for its Cripple Creek & Victor (CC&V) mine in the United States, the Financial Times reported on Sunday.

(READ MORE: AngloGold Ashanti to sell Namibian unit for $110 mln)

Newmont Mining Corp and Canada's Kinross Gold Corp are discussing a deal with AngloGold for part or all of Cripple Creek, the paper said. At least two other Canadian mining companies Iamgold Corp and Goldcorp Inc are also interested in acquiring all or part of the mine, the paper reported.

AngloGold has said it wants to reduce debt and that the sale of a stake in the U.S. mine and two others in Mali are part of an "objective to simplify and improve the overall quality of its portfolio".

(READ MOREAngloGold Ashanti revenue down despite 17% production increase)

CC&V is a surface mining operation in Colorado that generated 211,000 ounces of bullion last year.

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