AngloGold Reportedly In Talks To Sell Part Or All Of Cripple Creek Mine In U.S.

(RTTNews) - AngloGold Ashanti (AU, AGD.L) entered into second-round of talks with buyers for its Cripple Creek mine in the United States, the Financial Times reported, citing people familiar with the sale process.

A sale of the Cripple Creek mine in Colorado would be one of the largest of a US gold asset since the price of the precious metal declined sharply in 2013. It could raise up to $1 billion to help the South African group cut its debt after a plan for a rights issue failed last year.

The report indicated that Newmont Mining Corp. (NEM) and Kinross Gold (K.TO, KGC) are among a group of miners conducting second-round talks with AngloGold over a deal for part or all of Cripple Creek. Iamgold Corp. (IAG, IMG.TO) and Goldcorp Inc. (GG, G.TO), two other Canadian companies, have also shown interest.