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Home>Investing in Mining Stocks>AngloGold Ashanti revives plans to spin off S. African mines, sources tell Reuters

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AngloGold Ashanti revives plans to spin off S. African mines, sources tell Reuters

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Chris Powell

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Published : August 19th, 2017

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Category : Investing in Mining Stocks


	AngloGold Ashanti is considering separating its South African assets from the rest of its portfolio, two sources familiar with the matter told Reuters, three years after shareholders revolted against a similar effort. Africa's top bullion producer has hired Deutsche Bank to evaluate options but discussions are at an early stage, one of the sources said. AngloGold and Deutsche Bank declined to comment. The miner is looking at listing its international assets, which include gold mines in Western Australia and Brazil, in London, while the South African assets, some of which will be sold as part of the plan, will remain in the existing Johannesburg listing, the sources added. ... ... For the remainder of the report: http://www.reuters.com/article/us-anglogold-a...a-idUSKCN1AY0ZC

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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.

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