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Thursday, 26th August 2004 (4675 views)

The embargo on the export of gold bullion by AngloGold Ashanti, from the Republic of Guinea, has been removed by its government.<BR/><BR/>According to AngloGold, the move means a better environment for negotiations between the company and the government.<BR/><BR/>Sam Jonah KBE, president of AngloGold Ashanti, said: "We are delighted with this development and look forward to the expeditious and amicable resolution of all outstanding matters. <BR/><BR/>To this end, the company has received from the Government suggested amendments to the existing convention and we expect to recommence and to conclude negotiations shortly." <BR/><BR/>The development also means the firm can go ahead with plans for the Siguiri mine in the area to benefit both the company and Guinea.<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=3284110"/>

 

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