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BRIEF-Barrick Gold, Anglogold Ashanti Sells Stake In Morila Mine To Mali Lithium Ltd

Published 31/08/2020, 04:16 pm
© Reuters.
GOLD
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Aug 31 (Reuters) - Barrick Gold Corp ABX.TO :

* PRESS RELEASE - BARRICK SELLS STAKE IN MORILA TO FOCUS ON TIER ONE ASSETS

* CO, ANGLOGOLD ASHANTI LIMITED AGREED TO SELL THEIR 80% INTEREST IN MORILA GOLD MINE IN MALI TO MALI LITHIUM LIMITED

* AGREED TO SELL TO MALI LITHIUM LIMITED FOR CASH CONSIDERATION ESTIMATED AT BETWEEN $22 MILLION AND $27 MILLION

* SALE IS SUBJECT TO ACKNOWLEDGEMENT OF TRANSACTION BY STATE OF MALI, WHICH HOLDS REMAINING 20% OF MORILA GOLD MINE

* PARTIES ARE TARGETING CLOSING OF DEAL BEFORE END OF OCTOBER 2020

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