DODOMA, June 17 -- GEITA Gold Mining Limited (GGML), a subsidiary of AngloGold Ashanti, has signed a gold sale service agreement with the Bank of Tanzania (BoT), becoming the first large-scale mining company in the country to implement the gold reserve purchase requirement under Section 59 of the Mining Act.

The agreement, signed at the BoT headquarters in Dodoma, allows GGML to sell 20 percent of its gold production to the Government through Geita Gold Refinery (GGR). The arrangement provides a consistent supply of gold for domestic refining, supporting the countrys goal of increasing local value addition and advancing progress towards international accreditation, such as the London Bullion Market Association (LBMA) certification.

R...