COMPANY COMMENT
Maria Ramos joins AngloGold as the miner gets ready to leave SA
However, CEO Kelvin Dushnisky says he wants to retain SA as a base country, citing the level of mining and financial skills extant in the industry
AngloGold Ashanti has appointed Maria Ramos, a powerful figure in SA’s corporate world, to its board. The appointment comes at an interesting time for AngloGold, one of the world’s top gold producers.
AngloGold, under the new leadership of Canadian Kelvin Dushnisky, is looking to dispose of three assets in Mali, Argentina and, probably most poignantly, in SA, its historical home base where it was once the colossus of the local gold mining sector.After a spate of mine closures and sales in SA, AngloGold whittled its asset base down to just one ultra-deep gold mine, the world’s deepest at 4km below surface, and a tailings retreatment business.Once it sells those, AngloGold’s operational history in SA, the country that was once the world’s largest source of gold, comes to an end.However, Dushnisky has said he wants to retain SA as a base country for AngloGold, citing the level of mining and financial skills extant in the industry that would suit the company. He has suggested shif...
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