AngloGold joins Sibanye in looking beyond the JSE

Business

AngloGold joins Sibanye in looking beyond the JSE

With less operational focus on SA, companies see sense in moving primary listings out of Johannesburg

Allan Seccombe

AngloGold Ashanti (https://www.sharenet.co.za/v3/quickshare.php?scode=ANG) is not only going to use cash from its business to repay debt and bring its $545m Obuasi mine in Ghana back into production, but firm up its resources and reserves.

For a non-miner the concept of resources and reserves could easily be confused and interchangeable, but these are at the very heart of a mining company.

A resource is knowing there is mineralisation in the ground, with various degrees of certainty arising from drilling campaigns...

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