Canada's Resolute Mining to sell its gold mine in Ghana


Aug 5 - Canadian Gold miner Resolute Mining Ltd said on Thursday it would sell its Bibiani mine in Ghana for $90 million to Australia's Asante Gold Corp.

The sale comes months after China's Chifeng Jilong Gold Mining cancelled a deal to buy the mine, saying it had not received timely information about the termination of a mining lease.

The deal was completed in Ghana by the minister of land and natural resources and is expected to be approved in the next 10 days, Resolute Mining said in a statement.

The Australian miner, which acquired Bibiani in 2014 and also operates the Syama gold mine in Senegal and the Mako gold mine in Mali, said it would use $30 million of the proceeds to repay debt.