M&A

DealsGoldM&ASouth Africa

South Africa’s Anglogold plays down merger prospects amid deal talk

TORONTO/JOHANNESBURG — South Africa’s Anglogold Ashanti does not need to pursue mergers and won’t add scale for its own sake, its interim chief executive said on Wednesday, tamping speculation it could take part in further consolidation of the sector. https://c5x8i7c7.ssl.hwcdn.net/vplayer-parallel/20210209_0916/ima_html5/minimal.mp4 Interim CEO Christine Ramon declined to comment directly when asked about a potential tie-up with Gold Fields during a roundtable at the Mining Indaba Virtual Investment Programme alongside Froneman and Barrick Gold head Mark Bristow. Consolidation can bring benefits including operational synergies, but can also add complexity and costs, she...
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