AngloGold Bags Brazil Mine Operator

South African miner AngloGold Ashanti says it will purchase Sao Bento Gold, owner of Brazilian mining company São Bento Mineracao, for $70m. The transaction will be settled by the issue of AngloGold shares to Sao Bento’s current owner, Eldorado Gold, AngloGold says. Sao Bento controls a Brazilian gold operation close to AngloGold’s proposed Corrego do Sitio mine, in the state of Minas Gerais.