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An eye for a bargain: Gold Fields eyes up Anglo Gold Ashanti’s Iduapriem mine

Gold Fields, gold producers across Australia, Ghana, Peru and South Africa, is looking at purchasing AngloGold Ashantis lduapriem Mine in Ghana, accordi...

Dale Benton
|Jun 7|magazine4 min read

Gold Fields, gold producers across Australia, Ghana, Peru and South Africa, is looking at purchasing AngloGold Ashanti’s lduapriem Mine in Ghana, according to Gold Field’s vice president for South Africa.

The open-pit mine, located in the Western Region of Ghana, is made up of the Iduapriem and Teberebie properties.

“We are interested in Iduapriem mine because of its geographical location and nearness to our Tarkwa mine,” said Baku.

“Tarkwa is one of Gold Fields’ mines in southern Ghana. “We believe that it’s logical for us to develop the two. We will be happy to get it,” he said.

The Tarkwa mine is one of the largest gold mines in South Ghana.

“Iduapriem is a solid, well-run mine that generates cash and has a range of promising project options that will generate additional value for us over time,” said Stewart Bailey, a spokesman for AngloGold.

The purchase would represent Gold Fields commitment to increasing its metal output at lower cost.

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Read the June 2016 issue of Mining Global magazine