West Africa-Focused Gold Miner Asante to Bid for Newmont’s Akyem

A conveyor belt transports rocks during the gold separation process at a gold mine.

Photographer: Carla Gottgens/Bloomberg
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Newmont Corp.’s Akyem gold mine is a target for Ghana-focused producer Asante Gold Corp., which plans to bid for the asset against potential Chinese buyers this month.

“We expect to be part of this process,” Asante Chief Executive Officer Dave Anthony said in an interview Tuesday. “We look at Akyem as being a mine that we’re a natural owner for.”