AngloGold is said to pick Harmony to buy its last South African assets

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By Felix Njini and Loni Prinsloo
Bloomberg News
Monday, February 10, 2020

AngloGold Ashanti Ltd. has picked Harmony Gold Mining Co. as the buyer for its last remaining South African operations, according to people familiar with the matter.

The two companies are still finalizing the terms of the deal for the Mponeng mine and surface facilities, said the people, who asked not to be identified because the information is private.

... Dispatch continues below ...


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AngloGold is selling the assets as Chief Executive Officer Kelvin Dushnisky focuses on more profitable mines in Ghana, Australia, and the Americas. Harmony -- backed by billionaire Patrice Motsepe's African Rainbow Minerals Ltd. -- is hunting for deals to replenish declining reserves in South Africa. Harmony paid $300 million for AngloGold's Moab Khotsong mine in 2017. ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2020-02-10/anglogold-is-said-to-...

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