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AngloGold Ashanti Limited (AU)

- NYSE
  • Mon, Apr. 13, 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
    | 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.
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  • 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.
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Company Description
Anglogold Ashanti Ltd is a gold mining and exploration company with a diverse portfolio of mining operations and projects on four continents. It has 20 operations in 11 countries.
Industry: Gold
Country: South Africa