AngloGold grants approval to Regis Resources for Tropicana acquisition mining-technology.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mining-technology.com Daily Mail and Mail on Sunday newspapers.
AngloGold Ashanti waives pre-emptive right over stake in Tropicana Gold Mine
AngloGold discovered Tropicana in 2005, 330 km east-northeast of Kalgoorlie. (
AngloGold Ashanti said on Thursday it has decided to waive its pre-emptive right over the 30% stake in Australia’s Tropicana Gold Mine, paving the way for Regis Resources to acquire the stake from current joint venture partner IGO Ltd.
Last Tuesday, IGO said it had entered into a binding pact with Regis for the sale of its interest in the Tropicana joint venture for A$903 million ($699 million), but completion of the deal was subject to AngloGold waiving its right to pre-empt the offer on the same price and terms.
Date Time
Share
HSF advises IGO Limited on its A$903 million divestment of its 30% interest in Tropicana Gold Mine
Herbert Smith Freehills is pleased to have advised IGO Limited (IGO) on its proposed A$903 million divestment of its 30% interest in the Tropicana Gold Mine – a top 5 producing Australian open-pit and underground gold mine located in Western Australia.
IGO’s interest is proposed to be sold to Regis Resources Limited, an ASX-listed mining company (Regis).
Headquartered in Perth, IGO is a leading ASX-listed mining company and long-standing client of Herbert Smith Freehills. The divestment is significant for IGO as it forms part of its broader strategy of becoming a globally relevant battery minerals producer and developer.
Nelson Resources Ltd has RC drill spinning in new Woodline gold program proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.