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AngloGold Ashanti reiterates commitment to South Africa, Australia

14th March 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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Gold miner AngloGold Ashanti has reiterated its dedication to both Australia and South Africa as destinations for investment.

Speaking at the opening of the Tropicana mine, in Western Australia, chairperson Sipho Pityana said the company was looking to develop a well- balanced portfolio by both divesting of uneconomic assets and possibly acquiring others.

The company would also focus on its exploration activities to advance projects to the development phase.

“We are investing significant capital in the new technology programme in South Africa that is looking at maximising efficiencies, enhancing safety,” Pityana said.

He noted that the company was currently looking at operations previously considered too deep to be safely accessible, as the new technology offered solutions to reach these deposits.

“We think the new technology initiative that we have embarked on in South Africa suggests that the country could continue to be a significant part of our portfolio.”

Pityana pointed out that the company’s recent investment in the Sunrise Dam project, in Australia, was also an indication that AngloGold Ashanti was happy operating in the Australian environment.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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