AngloGold

AngloGold Is Said to Weigh London Listing, South Africa Exit

Posted on by The Editorial Team
AngloGold Is Said to Weigh London Listing, South Africa Exit

JOHANNESBURG (Capital Markets in Africa) – AngloGold Ashanti Ltd. is considering listing its shares in either London or Toronto in a move that could see the company hive off its remaining South African operations, according to people familiar with the situation. While no final decision has been made, the world’s third-largest gold producer has been discussing the plan internally and with advisers, said the people, who asked not to be identified as the talks are private….

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AngloGold Ashanti to raise $307 mln with South African mine sales

Posted on by The Editorial Team
AngloGold Ashanti to raise $307 mln with South African mine sales

JOHANNESBURG (Capital Markets in Africa) – South Africa’s AngloGold Ashanti is to sell its newest mine to Harmony Gold for $300 million and another mine for 100 million rand ($7.4 million) to China’s Heaven-Sent SA Sunshine Investment Company, the company said on Thursday. AngloGold, after suffering heavy losses in its home market, said in June it would restructure its South African mines which could see 8,500 workers, around 30 percent of its workforce, laid off….

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