US gold mining company Newmont has commenced the sale process for its Akyem gold mine in Ghana, a move that has piqued the interest of several potential bidders, including Chinese producers, Bloomberg reported.
The move comes at a time when gold prices have been recording a significant surge.
For this sale, Newmont is collaborating with Citigroup to manage the disposal and has begun engaging with potential buyers, people familiar with the development said.
Shandong Gold Mining and Zijin Mining Group are among the early contenders expressing interest in the Akyem asset.
Chifeng Jilong Gold Mining is also evaluating the Akyem mine, while Australian mining company Perseus Mining said last month that it would consider acquiring the asset.
In 2022, Akyem reported annual gold production of 420,000oz.
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