Anglogold Ashanti sells two mines to cut losses

PUBLISHED: Thu, 19 Oct 2017 10:51:22 GMT


In line with its capital allocation strategy and its aim to improve its portfolio, which includes 17 operations in nine countries, Anglogold Ashanti is selling its newest mine to Harmony Gold for $300 million and another mine for R100 million.

Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.