AngloGold Ashanti Limited (AU) - NYSE
  • Apr. 13, 2015, 7:00 AM
    • AngloGold Ashanti (NYSE:AU) is entering second-round talks with Newmont Mining (NYSE:NEM) and Kinross Gold (NYSE:KGC) for its Cripple Creek & Victor mine in the U.S., FT reports.
    • Iamgold (NYSE:IAG) and Goldcorp (NYSE:GG) have also expressed interest for part or all of Cripple Creek.
    • AngloGold says the sale is part of an "objective to simplify and improve the overall quality of its portfolio." It could also raise up to $1B and help the South African group cut its debt after a plan for a rights issue failed last year.
    • AU -1.4% premarket
    | Apr. 13, 2015, 7:00 AM | 6 Comments
  • Aug. 15, 2012, 3:31 PM

    Barrick Gold (ABX +1.3%) is working with UBS to explore a sale of its 74% stake in African Barrick, Tanzania's largest gold producer, FT reports, in a move that could trigger an offer for the whole company. China's Zijin Mining may be interested; the report also mentions Randgold (GOLD) and AngloGold Ashanti (AU) as potential suitors.

    | Aug. 15, 2012, 3:31 PM
  • May 29, 2012, 8:59 AM

    Kinross Gold (KGC) agrees to sell its 50% stake in the Crixas gold mine in Brazil to AngloGold Ashanti (AU) for $220M in cash. KGC calls Crixas a "non-operated, non-core asset," and its sale is "consistent with our strategy of portfolio optimization." KGC +2.8% premarket.

    | May 29, 2012, 8:59 AM
Company Description
AngloGold Ashanti Ltd. is a gold mining and exploration company. Its main business includes gold exploration, mining and production of gold, manufacturing, marketing and selling of gold products. AngloGold Ashanti was founded in 1944 and is headquartered in Johannesburg, South Africa.
Industry: Gold
Country: South Africa