{"id":448739,"date":"2011-06-27T17:17:41","date_gmt":"2011-06-27T17:17:41","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/06\/27\/iamgold-finally-sells-18-9-shares-in-ghana-mines-to-goldfields-for-667m\/"},"modified":"2011-06-27T17:17:41","modified_gmt":"2011-06-27T17:17:41","slug":"iamgold-finally-sells-18-9-shares-in-ghana-mines-to-goldfields-for-667m","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/06\/27\/iamgold-finally-sells-18-9-shares-in-ghana-mines-to-goldfields-for-667m\/","title":{"rendered":"IAMGOLD finally sells 18.9% shares in Ghana mines to Goldfields for $667m"},"content":{"rendered":"
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You Are Here: Home<\/a> \u00bb General News<\/a> \u00bb IAMGOLD finally sells 18.9% shares in Ghana mines to Goldfields for $667m<\/p>\n

\n

Page last updated at Monday, June 27, 2011 17:17 PM \/\/ <\/span><\/div>\n

\"\"<\/a>Toronto-based gold miner, IAMGOLD Corporation, says it has finally sold its 18.9% shares in the Tarkwa and Damang gold mines in\u00a0Ghana to Goldfields Limited.<\/p>\n

IAMGOLD says it had received a sum cash of $667 million from Goldfields which has a 71.1% interest in the two mines.<\/p>\n

\u201cIAMGOLD Corporation\u00a0announced today the closing of the sale of its 18.9% interest in the Tarkwa and Damang gold mines in\u00a0Ghana,\u00a0West Africa\u00a0to\u00a0Gold Fields Limited for\u00a0$667 million\u00a0in cash\u201d, the annually one million ounces of gold producer said in a statement on June 22, 2011.<\/p>\n

This means that Goldfields will operate in both mines with a 90% share interest with the Ghana government owning the remaining 10% interest.<\/p>\n

The President and CEO of IAMGOLD, Steve Letwin, was cited in the statement as saying, \u201cWith the June closing of this transaction, we have delivered on our January 2011\u00a0declaration that we would sell our minority interest in these properties by the end of June for more than $600 million.\u201d<\/p>\n

He added, \u201cAs previously stated, this transaction is aligned with our strategy to focus on developing and operating mines that we own and operate.\u201d<\/p>\n

By Ekow Quandzie<\/p>\n

Comments<\/h4>\n<\/div>\n

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You Are Here: Home \u00bb General News \u00bb IAMGOLD finally sells 18.9% shares in Ghana mines to Goldfields for $667m Page last updated at Monday, June 27, 2011 17:17 PM \/\/ Toronto-based gold miner, IAMGOLD Corporation, says it has finally sold its 18.9% shares in the Tarkwa and Damang gold mines in\u00a0Ghana to Goldfields Limited. IAMGOLD says it had received a sum cash of $667 million from Goldfields which has a 71.1% interest in the two mines<\/p>\n","protected":false},"author":0,"featured_media":448740,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":{"0":"post-448739","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-local-news"},"yoast_head":"\nIAMGOLD finally sells 18.9% shares in Ghana mines to Goldfields for $667m - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/06\/27\/iamgold-finally-sells-18-9-shares-in-ghana-mines-to-goldfields-for-667m\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"IAMGOLD finally sells 18.9% shares in Ghana mines to Goldfields for $667m - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"You Are Here: Home \u00bb General News \u00bb IAMGOLD finally sells 18.9% shares in Ghana mines to Goldfields for $667m Page last updated at Monday, June 27, 2011 17:17 PM \/\/ Toronto-based gold miner, IAMGOLD Corporation, says it has finally sold its 18.9% shares in the Tarkwa and Damang gold mines in\u00a0Ghana to Goldfields Limited. 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