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AngloGold aims to invest $400 million in Colombia

Monday, May 21, 2012

AngloGold Ashanti, the world's No. 3 gold producer, plans to invest $400 million in Colombia in the 2013-2015 period at its La Colosa deposit and other gold exploration projects.

Some $300 million is earmarked for exploration work at La Colosa, Colombia's largest gold deposit, located in the southern Tolima province.

The remaining $100 million would be invested in exploration projects in the regions of Antioquia, Cauca, Bolivar and Caldas.

Source: Reuters