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AngloGold Ashanti Signs $140 Million Gas Deal with APA Group
Jul. 22, 2014 08:38AM PST
Oil and Gas InvestingMining.com reported that AngloGold Ashanti (NYSE:AU) has signed a $140 million infrastructure agreement with APA Group (ASX:APA). The deal will cover a natural gas pipeline to supply AngloGold’s remote Tropicana and Sunrise Dam gold mines located in Western Australia.
Mining.com reported that AngloGold Ashanti (NYSE:AU) has signed a $140 million infrastructure agreement with APA Group (ASX:APA). The deal will cover a natural gas pipeline to supply AngloGold’s remote Tropicana and Sunrise Dam gold mines located in Western Australia.
As quoted in the publication:
The 292 kilometer Eastern Goldfields Pipeline will connect AngloGold’s mines to APA’s existing pipelines and is seen saving the South African miner millions of dollars in energy costs.