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Randgold pull-out scuppers Obuasi plans

AngloGold Ashanti has been handed a blow with the news that Randgold Resources has pulled out of a deal to jointly develop the Obuasi gold mine in Ghana.

Mining Journal
Gold production from limited operations at Obuasi will continue into the March quarter of 2016

Gold production from limited operations at Obuasi will continue into the March quarter of 2016

Citing its own internal investment requirements of a 20% internal rate of return at a US$1,000 per ounce gold price as its reason, Randgold said it had terminated the conditional agreement it signed with...

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