AngloGold Ashanti will make no further sales of assets in SA as it focuses on ramping its large core Mponeng mine into full production and invests heavily in a number of international projects to boost production. An agreement with the Ghanaian government was expected to be reached in early 2018 so that the world’s third-largest gold miner could make a decision on what to do with its suspended Obuasi mine, CE Srinivasan Venkatakrishnan said on Monday. AngloGold’s exposure to gold from SA will fall to 13% — from 40% of group output a decade ago — as it closes its large TauTona mining complex at a restructuring cost of $64m and sells its Moab Khotsong operations to Harmony Gold and the Kopanang mine to China’s Heaven-Sent for a combined total of about R4.2bn. It will use the money to repay debt. "The board is looking at SA like it would any other jurisdiction. What we are doing with restructuring in SA, all those decisions had a specific reason," Venkatakrishnan said AngloGold had dec...
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