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S.Africa's AngloGold Ashanti, Barrick Gold to sell out of Mali gold mine

JOHANNESBURG, Aug 31 (Reuters) - South Africa's AngloGold Ashanti said on Monday that it and Barrick Gold had agreed to sell their effective 80% stake in the Morila Gold Mine in Mali to Mali Lithium.

Mali Lithium, based in Australia, will buy the company holding the two miners' stake in the mine for an estimated purchase price of between $22 million and $27 million, in a transaction AngloGold Ashanti said was in line with its strategy to rationalise its portfolio and maximise shareholder returns. (Reporting by Emma Rumney; Editing by Kim Coghill)