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.

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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