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

Sun Apr 12, 2015 5:51pm EDT
 
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NEW YORK (Reuters) - Africa's top gold mining company AngloGold Ashanti (ANGJ.J: Quote) 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.

Newmont Mining Corp (NEM.N: Quote) and Canada's Kinross Gold Corp (K.TO: Quote) 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 (IMG.TO: Quote) and Goldcorp Inc (G.TO: Quote) 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".

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

(Reporting By Elizabeth Dilts; Editing by Christian Plumb)