AngloGold Ashanti: No More Australian Asset Sales Planned
January 27 2009 - 9:47PM
Dow Jones News
Global gold miner AngloGold Ashanti Ltd. (ANG.JO) said Wednesday
that it doesn't plan to offload any other Australian projects,
after completing the US$1.1 billion sale of a minority stake in the
Boddington gold mine.
"There are no implications for our other Australian assets - we
are committed to developing the Tropicana project and our Sunrise
operation is running well," AngloGold Ashanti General Manager
Corporate, Andrea Maxey, told Dow Jones Newswires in an
interview.
Earlier Wednesday the Johannesburg-based miner announced it had
sold its one-third stake in the US$2.6 billion-plus Boddington gold
development near Perth to U.S.-based operator Newmont Mining Corp.
(NEM).
AngloGold Ashanti Chief Executive Mark Cutifani said in a
statement that the deal will strengthen the company's balance sheet
and allow the early repayment of a recently announced US$1.0
billion bridge facility.
-By Stephen Bell, contributing to Dow Jones Newswires;
61-8-9244-4243; sgbell@bigpond.com
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