AngloGold Ashanti Selling Navachab Mine in Namibia | E
AngloGold Ashanti reported on February 10, the signing of a binding agreement to sell its Navachab openpit gold mine in Namibia to QKR Corp. for 110 million. QKR is a private equity company, and purchase of the Navachab mine is its first acquisition. The companys president, Lloyd Pengilly, is a former Johannesburg gold analyst.