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Gold miner Newmont to buy Colorado mine from AngloGold

[Reuters] – Newmont Mining Corp has agreed to buy the Cripple Creek & Victor gold mine in Colorado from AngloGold Ashanti Ltd for $820 million, giving the world’s No. 2 gold producer an expanding asset in a mining-friendly jurisdiction. The acquisition is an opportunity for Colorado-based Newmont to improve its mine life and costs at a time when the mining industry has been in a slump for nearly four years.

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