AngloGold to pay US$43m for Driefontein block

SOUTH Africa's Gold Fields has sold part of its Driefontein mining area to rival AngloGold for R315 million (US$43 million).

The mining area, known as Block 1C11, is located on the western boundary of Driefontein and can be accessed from AngloGold's adjacent TauTona mining operation.