SELLING SOUTH AFRICAN MINES:

24th May 2019 By: Martin Creamer - Creamer Media Editor

SELLING SOUTH AFRICAN MINES:

Gold-mining company AngloGold Ashanti is embarking on a process of disposing of its last two South African mining assets – Mponeng underground mine and surface operations, which include Mine Waste Solutions. The lion-logoed company employs 6000 people in South Africa, 5500 at the assets. Last year, it sold the Moab Khotsong gold mine to gold mining company Harmony Gold, and the Kopanang gold mine to Heaven-Sent SA Sunshine for R3.574-billion. AngloGold CEO Kelvin Dushnisky said the process would consider all ownership options, with a view to maximising the value and future prospects of Mponeng, the deepest mine in the world, and the surface rock dump processing business and mine waste retreatment operation. The South Africa region’s operations last year produced 487000 oz at a total cash cost of $1 033/oz.