LONDON (Reuters) - African miners Randgold Resources and AngloGold Ashanti have agreed to buy an additional 20 percent in the Moto gold project in the mineral-rich Democratic Republic of Congo for about $113.6 million.
The acquisition will be funded equally by Randgold and AngloGold, with Randgold funding its share from existing cash resources, Randgold said.
On Oct 15, Randgold and AngloGold Ashanti, the world's third-biggest mining group, completed the acquisition of Moto Goldmines, which owns 70 percent of the Moto gold project.
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