AngloGold, Thani Dubai form M.East mining JV

AngloGold Ashanti said on Wednesday it has formed a strategic alliance with Thani Dubai Mining Ltd to explore, develop and operate mines across the Middle East and parts of North Africa.

AngloGold, the world's No. 3 gold producer, said each company will have a 50 percent interest in the alliance, which would explore for gold, precious and base metals.

AngloGold added that project acquisitions and exploration programmes would be equally funded by both AngloGold Ashanti and Thani.