ANGLO GOLD – GHANA
October 1st, 2003
BY RICHARD HURSTSOUTH African mining company AngloGold has stated that if it wins the bidding war for Ashanti Goldfields in Ghana it would immediately invest US$190 million to fund the capital requirements of the mine in the Obuasi region. Jonathan Best, AngloGold chief financial officer, highlighted the difference between AngloGold's recapitalisation plans with that of London Stock Exchange listed Randgold of US$170 million over the next 30 years, (included in a total package of US$1 billion over 51 years). Best added that AngloGold believed that Ashanti ...
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