AngloGold Vows to Only Sell Mines for ‘Full Value,’ CEO Says
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AngloGold Ashanti Ltd., the world’s third-largest gold miner, is under no pressure to sell assets and will only do so for “full value,” Chief Executive Officer Srinivasan Venkatakrishnan said.
The partial or full sale of one of the company’s key operating assets “is being looked at and progressed,” Venkatakrishnan said on a conference call on Monday. That forms part of the Johannesburg-based company’s plan to cut net debt by about $1 billion over the medium term.