Mponeng sale is a lifeline - The Mail & Guardian

AngloGold Ashanti chief executive, Kelvin Dushnisky, says that the likelihood of the closure of the Mponeng mine within this decade would have been high had the company not invested more in it.

“This has been the base from where the company’s global footprint has been run for more than two decades and will continue to be a centre of excellence for our current and future operations and projects,” says Dushnisky. “Using our criteria and planning assumptions, an investment in the life extension of our Mponeng mine would rank below the other, higher-returning operations available to us across our global portfolio,” he says.

AngloGold says that Harmony was an obvious choice for the sale, given its financial capacity and track record of operating deep mining assets in South Africa.

What about Savuka,Tautona & Training center. Is the ex workers of the two closed shafts going to be the first priority when harmony start hiring or what's going to happen with them or should submit CV like any other person.

So the company sold everything, shafts, SLP obligations & land to HarmonyGold? Can Mine_RSA DMR_SA Energy_ZA please help with confirm?

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