AngloGold Ashanti Limited has sold to a consortium of Mintails South Africa Limited/DRD South African Operations Limited Joint Venture most of the remaining moveable and immovable assets of Ergo, the surface reclamation operation east of Johannesburg, discontinued in March 2005. The site is currently being rehabilitated by AngloGold Ashanti. The assets and associated liabilities were sold for R42.
8-million. The Joint Venture will operate, for its own account, under the AngloGold Ashanti authorisations until new order mining rights have been obtained and transferred to the Joint Venture. A specific exclusion from the sale to the JV is the Brakpan Tailings Storage Facility which will continue to be rehabilitated by AngloGold Ashanti.
AngloGold Ashanti Limited has sold to a consortium of Mintails South Africa Limited/DRD South African Operations Limited Joint Venture most of the remaining moveable and immovable assets of Ergo, the surface reclamation operation east of Johannesburg, discontinued in March 2005.
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