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GOLD GOLD

2,646.52
-0.73 (-0.03%)
03:25:10 - Realtime Data
Name Symbol Market Type
GOLD CCOM:GOLD Currency.com Future
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.73 -0.03% 2,646.52 2,646.37 2,646.67 2,651.78 2,645.46 2,646.89 0 03:25:10

AngloGold Buys 50% Of Moto Goldmines As Part Of Randgold Deal

16/10/2009 7:54am

Dow Jones News


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AngloGold Ashanti Ltd. (AU), Africa's largest gold producer, Friday said it and Randgold Resources Ltd. (GOLD) now jointly control Moto Goldmines Ltd. (MGL.T).

MAIN FACTS:

- Further to an announcement Aug. 5, a plan of arrangement for a business combination between Moto and Randgold has become effective

- AngloGold has fully funded a payment to former Moto shareholders under a cash election of about $76.9 million and has paid about $171 million to Randgold

- Remaining existing liabilities of Moto will be settled in due course through the Moto joint venture between Randgold and AngloGold.

-By Johannesburg bureau, Dow Jones Newswires; +27 11 783 7848; robb.stewart@dowjones.com

 
 

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