Slaughter Advises AngloGold In $220M Brazilian Mine Deal

Law360, New York (May 29, 2012, 6:18 PM EDT) -- AngloGold Ashanti Ltd. on Tuesday agreed to pay a Kinross Gold Corp. subsidiary $220 million for the remaining 50 percent stake in Brazil’s Serra Grande gold mine, giving it full ownership of the mine.

The purchase of the Serra Grande, which is located in the Brazilian city of Crixas, will be funded through AngloGold’s existing cash reserves and debt facilities, the South Africa-based company said in a statement.

"This deal further simplifies our portfolio and gives us greater exposure to Brazil, where we’ve had significant success...
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