Just 21 months later, Navachab was a mine, producing its first gold bar in December 1989. AngloGold acquired a 70% stake in the project in 1998, increasing it to 100% the next year. In August 2000, ...

AngloGold Ashanti Ltd., the world’s third-largest producer of the metal, has a shortlist of bidders for its Navachab mine in northwestern Namibia after “good interest” in the asset.

AngloGold Ashanti is pleased to announce completion of its sale of AngloGold Ashanti Namibia (Proprietary) Limited, a wholly owned subsidiary which owns the Navachab Gold Mine, to QKR Corporation ...

Navachab Gold Mine has experienced growth over the years, with 2024 marking a record gold production of nearly 130 000 ounces - almost three times the production level of less than four years ago.

The mine is valued at US$110 million (just over N$1,2 billion) and the deal will be adjusted to take into account Navachab's net debt and working capital position when the deal is finalised.

Navachab had an exclusive prospecting licence (EPL) adjacent to its current mining operations in the Karibib area for about nine years under EPL number 999 for precious metals, specifically gold.

AngloGold Ashanti is pleased to announce that it has signed a binding agreement to sell its entire interest in AngloGold Ashanti Namibia Limited , a wholly owned subsidiary which owns the Navachab ...

The acquisition by QKR Corporation of Navachab gold mine in Namibia is complete, the private mining company confirmed on Tuesday. QKR president Lloyd Pengilly, a former Johannesburg gold analyst who ...

AngloGold Ashanti Ltd : * AngloGold Ashanti enters into agreement to sell Navachab mine * Says signed a binding agreement to sell its entire interest in AngloGold ...

Gold major AngloGold Ashanti is selling its Navachab gold mine, in Namibia, to little-known private company QKR Corporation for $110-million. Navachab, QKR's first acquisition, is seen by the ...

The acquisition by QKR Corporation of Navachab gold mine in Namibia is complete, the private mining company confirmed on Tuesday. QKR president Lloyd Pengilly, a former Johannesburg gold analyst ...