The world’s third-largest gold-miner, AngloGold Ashanti, announced that it had sold its 10,17% stake in Vancouver-based B2Gold Corporation. AngloGold realised net proceeds of C$70-million from the sale of more than 31-million shares, or its entire holding in the Canadian company.
The miner said in a statement that the proceeds would be used to fund its exploration activities in Colombia, including its joint-venture (JV) project with B2Gold, the Gramalote project.
AngloGold Ashanti is based in South Africa but has a subsidiary listing on the London Stock Exchange.