AngloGold Ashanti is leaving South Africa

Mining giant AngloGold Ashanti has sold its last two operating assets in South Africa and said it is looking offshore for less risky investments.


The mining group says gold-miner Harmony will acquire its Mponeng mine and surface assets with a combination of cash and deferred payments with a deal valued at close to R4,5-billion.


AngloGold's sale of the mine comes in the midst of the country's rolling blackouts by Eskom. The deal marks the exit from South Africa of AngloGold, a company that emerged from a mining empire created by Ernest Oppenheimer a century ago.


AngloGold Ashanti