AngloGold joins Sibanye in looking beyond the JSE
With less operational focus on SA, companies see sense in moving primary listings out of Johannesburg
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...