AngloGold hopes gold rally will mean good price for Mponeng mine
Harmony Gold Mining and Sibanye Gold have submitted formal proposals, people familiar with the matter have said
06 September 2019 - 14:05
AngloGold Ashanti's last SA mine is luring potential buyers as the rally in gold boosts profitability. That interest doesn’t mean CEO Kelvin Dushnisky will achieve his target price.
AngloGold wants about $500m for Mponeng and a number of smaller SA assets, according to people familiar with the matter, who asked not to be identified as the issue is private. Harmony Gold Mining and Sibanye Gold have submitted formal proposals, the people said. The discussions are at an early stage and it’s uncertain that they’ll lead to a deal, they said...
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