During the coming months, Anglogold Ashanti will be embarking on a strategic ownership review of its South African operations with a view to transfer these operations to capable hands in the interest of preserving long-term value for all stakeholders.
The company will be assessing the value of its South African-based operations and will be considering suitable South African-based buyers with sufficient resources to unlock future value in the interest of preserving the contribution these operations make to the national and regional economy and employment.
In the right hands, the South African assets will be able to achieve their full potential over an extended period of time and will benefit all stakeholders for longer.
While the company recognises that this process could lead to uncertainty amongst stakeholders, AngloGold Ashanti is committed to undertaking this process in a manner that is open, transparent and in line with the company’s values.
It is in all stakeholders’ interest that operations continue safely and productively.
AngloGold Ashanti has a long history in mining in South Africa and has contributed to the country’s economy, at both a regional and national level, in many different ways.
Recently, the South Africa region has undergone extensive restructuring to ensure its long-term sustainability.
Following this restructuring and the sale of assets, AngloGold Ashanti’s South African operations currently are Mponeng, the world’s deepest gold mine and our flagship South African operation and Surface Operations which encompasses those surface facilities in the West Wits area and in the former Vaal River area, which process and extract gold from marginal ore dumps and tailings storage facilities. www.anglogoldashanti.com/southern-africa/
9 May 2019
AngloGold Ashanti announced today that it was embarking on a process to review divestment options for its remaining South African assets. This process will consider all ownership options, with a view to maximising the value and future prospects of these assets.