AngloGold Ashanti dumps demerger plans
AngloGold Ashanti has scrapped plans for a $2.5 billion demerger just a week after they were announced, after investors led by billionaire hedge fund manager John Paulson fought the move.
Gold giant AngloGold Ashanti has scrapped plans for a $2.5 billion demerger just a week after they were announced, after investors led by billionaire hedge fund manager John Paulson fought the move.
The miner, which is the world’s third-largest gold producer and operates Western Australia’s Tropicana gold mine, planned to spin off its mining and exploration assets located outside South Africa into a new, London-based company.
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