Russian precious metals group Polymetal International has terminated a joint venture after buying up the remaining 50% stake owned by South Africa-based AngloGold Ashanti for $20m.
The AngloGold Ashanti-Polymetal Strategic Alliance had interests in various companies, including Amikan Holding, which owns the Veduga gold deposit in the Krasnoyarsk region of Russia. These are now wholly owned by Polymetal.
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