[miningmx.com] – A PRIVATE equity fund founded by Lloyd Pengilly, a former JPMorgan Chase & Co banker, is bidding for AngloGold Ashanti’s Namibian gold mine Navachab, said Bloomberg News citing three people familiar with the matter.
The fund, known as QKR Corporation, is backed by Qatar’s sovereign wealth fund and Jan Kulczyk, Poland’s richest man. The acquisition price may be between $110m and $120m, said Bloomberg News.
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