Bobby Godsell’s thoughts on mining in SA
Godsell says the move to state custodianship of mineral resources in 2004 was necessary
"I had grief over the news of the sale of Mponeng," says Bobby Godsell, referring to AngloGold Ashanti’s intention to sell its last SA mine. Godsell joined Anglo American in 1974 and became CEO of AngloGold when it was spun out of the parent company in 1998. When he started with AngloGold, it had 260,000 employees and all its gold mines — 11 of them — were in SA.
At the time, he found it hard to convince investors that gold had a future.