Linklaters advises AngloGold Ashanti on the sale of its interest in Mineração Serra Grande mine for US$76 million

Linklaters has advised the global mining company, AngloGold Ashanti, on the sale of its interest in Mineração Serra Grande (“MSG”) mine in Goiás, Brazil, to gold and copper producer Aura Minerals. 

The sale is for a cash consideration of US$76 million and deferred consideration payments equivalent to a 3% net smelter returns participation over the current mineral resource of the MSG Mine.

This transaction will enable AngloGold Ashanti to focus on capital allocation, operating efficiencies and the optimisation of their portfolio.

The Linklaters cross-practice team was led by Corporate Partner Aisling Zarraga supported by Corporate Managing Associate Kye-Ren Cheong, working closely with AngloGold Ashanti’s internal legal team. They were supported by Tax Partner Rhian Parker, ESG Counsel Aileen Buchanan, ESG Managing Associate James Marlow, Tax Associate Alicia Vidal and Corporate Solicitor Apprentice Jeya James.