AngloGold Ashanti is pleased to announce that all conditions precedent have been fulfilled with respect to the sale of the Moab Khotsong Mine and related assets and liabilities to Harmony Gold Mining Company Limited, and the separate sale of the Kopanang Mine and related assets and liabilities to Heaven-Sent SA Sunshine Investment Company Limited as announced on 19 October 2017.
Both transactions closed on 28 February 2018.
Gross cash proceeds from these transactions of ZAR3.574 billion have been received and applied to reduce debt, in line with AngloGold Ashanti’s strategic commitment to continually improve strategic and financial flexibility.
AngloGold Ashanti’s remaining South African assets include the Mponeng underground gold mine, which is currently ramping up production from its Below 120 Level life-extension project and two surface operations comprising the Mine Waste Solutions tailings dump-retreatment business and the rock dump reclamation and processing business. Together, these South African operating units will account for about 13% of AngloGold Ashanti’s total annual production.