It follows approval by the Ministry of Lands and Natural Resources Minister Samuel Abu Jinapor.
A statement issued by Resolute Mining Ltd on Thursday (5 August) said “Resolute Mining Limited (Resolute or the Company) (ASX/LSE:RSG) is pleased to announce that it has agreed to sell its interest in the Bibiani Gold Mine (Bibiani) to Asante Gold Corporation (Asante) for total cash consideration of US$90 million.
“Resolute and Asante are committed to ensuring an orderly transition of ownership at Bibiani. Asante is dedicated to injecting the necessary capital to achieve the rapid restart of Bibiani, which is not expected to result in any immediate changes to employment or contract relationships.” It added
Resolute Mining Ltd , which had acquired Bibiani in 2014, and also operates the Syama gold mine in Mali and the Mako gold mine in Senegal, said it would use $30 million of the proceeds to repay debt.
Below is the full statement