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Canada-born Kelvin Dushnisky will relocate to Johannesburg next month to head the world's third-biggest gold miner, AngloGold Ashanti, having stepped down as president of the world's biggest gold miner, Barrick Gold.
History shows that when a South African miner appoints a foreign CEO it is usually because the company has its eye on international assets and is looking for a leader to steer a global strategy, but AngloGold has gone well past that stage.
Dushnisky, praised for his skills in government and community relations, has a wealth of knowledge about gold mining around the world and the problems afflicting it, according to analysts.
Makwe Masilela, chief investment officer at Makwe Fund Managers, said appointing Dushnisky was a good move because AngloGold was no longer a South African company but a global one."If AngloGold intends to continue to grow globally - they don't have a choice because there is nothing more to do in South Africa - then you need someone with global exper...
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