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Deal Date: 18-09-2015 Practice Area: Corporate and M&A
Deal Title: AngloGold Ashanti/Randgold Resources - Obuasi Gold Mine, Ghana JV Industry: Mining
Description:
Slaughter and May advised AngloGold Ashanti on its proposed joint venture with Randgold Resources to redevelop and operate AGA's Obuasi gold mine. Obuasi was a large, high-grade deposit located in the Ashanti region of Ghana. Randgold would lead and fund a development plan designed to rebuild Obuasi as a viable, long-life mining business. AGA and Randgold would then be jointly responsible for funding the redevelopment of Obuasi in line with the agreed development plan. Randgold would be appointed operator of the mine.
Financial Center: London Value: 0.00-0.00
Advised Party: Joint Venture Party Law Firm
JV Party Jurisdiction United Kingdom JV Party Jurisdiction South Africa
Classification: Joint Ventures Continuing Business Partnership
Lawyer Craig Cleaver