Brazil's AngloGold Ashanti Brasil is a gold and silver exploration and production company. It owns and operates the Morro Velho and Serra Grande gold mines. In 2011, the company began to develop the Lamego and Córrego do Sítio mines. Lamego is expected to produce 1.5t/y of gold at full capacity, while Córrego do Sítio is expected to produce up to 4.1t/y of gold. AngloGold is also involved in the expansion of the Cuiabá mine, in Sabará, and in the Queiróz metallurgical plant, in Nova Lima. The miner also has mineral rights in Pará and Mato Grosso states, as well as the Serra Grande 50-50 JV with Toronto-based Kinross Gold at Crixás in Goiás state. Brasil Mineraçao is wholly owned by South Africa's multinational corporation AngloGold Ashanti. The company was founded in 1834 and is based in Nova Lima in Brazil's Minas Gerais state.