Mining News

Asante buys ‘sleeping giant’ Bibiani from Resolute in $90m deal

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Gold miner Resolute Mining has struck a $90-million deal with Asante Gold Corporation to sell its Bibiani gold mine, in Ghana.

Resolute earlier this year was forced to terminate a $105-million sales agreement over the Bibiani project with China’s Chifeng Jilong Gold Mining Co, after the Ghanaian Minerals Commission terminated the mining lease for the Bibiani gold mine, and ordered Resolute to cease all activities and operations at the mine site.

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