October 19, 2017 / 5:45 AM / 2 years ago

Anglogold Ashanti sells some South African mines for around $307 million

JOHANNESBURG (Reuters) - South Africa’s Anglogold Ashanti (ANGJ.J) said on Thursday it will sell its newest goldmine to Harmony Gold (HARJ.J) for $300 million and another mine for 100 million rand ($7.4 million) to China’s Heaven-Sent SA Sunshine Investment Company.

Harmony has agreed to buy the Moab Khotsong mine and its related infrastructure for $300 million in cash and the Chinese company will acquire the Kopanang mine, Anglogold said in a statement.

($1 = 13.5603 rand)

Reporting by TJ Strydom; Editing by Biju Dwarakanath

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