AAM 2020
GreaseMax
BusinessInvestingNewsSouthern Africa

Harmony Gold completes purchase of AngloGold Ashanti’s South Africa assets

Harmony Gold on Monday said its purchase of AngloGold Ashanti’s South African assets has gone through and the transaction is scheduled to close on September 30, with Harmony taking control of Mponeng and Mine Waste Solutions from October 1.

Harmony agreed in February to buy AngloGold Ashanti’s last remaining assets in the country including Mponeng – the world’s deepest gold mine – for about $300 million. The sale process was delayed due to the coronavirus pandemic.

South Africa’s mines ministry approved the sale on the condition that AngloGold Ashanti does not delist from the Johannesburg Stock Exchange.

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