AngloGold Ashanti Indebted By Loss-Making SA Mines

Siboniso Mawandla | The Republic Mail

By Cue Sibiya

Anglo Gold Ashanti says despite high debt levels, it’s not ruled out unbundling some of its South African assets to list separately.

Anglo Gold Ashanti has reported a loss for the first-half of the financial year. This comes as the miner prepares to cover retrenchment costs for a possibly over 8000 jobs.

It’s also facing a lung-disease class action suit brought by former workers, which could lead to pay-outs of almost R600-million. But the company’s operating performance rebounded in the second quarter.

Gold production has risen by 11% to over 900 thousand ounces. This however, has not led to any change in its annual production estimates.