The sale would be one of the largest of a U.S. gold mine since the price of the precious metal began falling in 2013.
Ghana Mining News
The miner, which is the world’s No.4 bullion producer, said unreasonable wage demands and escalating power costs in South Africa will likely push the country’s industry down the slippery slope.
Three miners died last week in Ghana after inhaling toxic fumes while underground.
Newmont, Kinross, Goldcorp and Iamgold among the companies said to be interested in all of part of Cripple Creek & Victor mine.
The miner has revealed a major restructuring involving a plan to raise $2.1 billion in a rights issue and spin its international assets into a new London-listed company.
The revised regulation will empower courts to confiscate equipment seized from illicit miners.
Firm also working to restructure Obuasi mine in Ghana.
Decision comes on the heels of a finished inventory of permits, which aimed to clean up the sector.
Move signifies departure for Vancouver-based miner.
An initial 90-day moratorium on new prospecting permits could be extended if necessary, authorities said.
West Africa's emerging hotspot of Ghana is one of the best indicators of how the oil and gas playing field is undergoing a major transformation.
The miner is also said to be ready to shut down operations at its Obuasi gold mine, in Ghana, for up to two years.
Analysts claim Sub-Saharan Africa's investment environment is deteriorating.
Last year Ghana arrested and deported almost two hundred Chinese illegally mining gold in the country.
In the third quarter of 2013, Ghana's output of the precious metal declined by 18%, the Minerals Commission says.
The two companies will create a mid-tier producer with two Ghanian mines. Expected annual output of 400,000 ounces by 2017.
The cost-cutting miner, however, warned it's in the process of exiting a number of exploration projects in 13 "non-core" countries.
Company working on improving its increasing cost structure.
Last week’s spillage from a pipe at the miner's operations in Stilfontein is said to have spread toxic waste over about 1.6 kilometres of the water resource.
The official version is that the three small-scale miners lost their lives after inhaling excess smoke in a pit during a blast to extract the mineral.
Identified as nationals of Niger, Nigeria and Togo.
Illegal mining by Chinese nationals has become an increasing source of contention and resentment for local Ghanaians.
Government wants to crackdown on cable and fibre theft affecting telecom operators.
Experts believe agricultural, mining and energy resources could easily boost the continent’s economic growth in the next two years.
The company said it will build a second mill at its Ahafo mine.