Audio By Carbonatix
Speculations are rife about a move by a Russian mining company, Polyus Gold to buy into AngloGold Ashanti.
The Russian company, according to the UK Sunday Times, is hoping to buy part or the entire 41 percent stake that Anglo American has in Anglogold Ashanti.
Anglo American has already announced plans to sell its gold assets within two years as part of a wider overhaul strategy but has not stated how or to whom it intends to sell its shares.
In a recent twist to the story, however the Sunday Times reports that Polyus has approached Anglo American to buy its stake worth 2.25 billion pounds.
But the Ghana office of Anglogold Ashanti says it is not aware of any deal yet involving Polyus and Anglo American.
Meanwhile news of Polyus interest in Anglo American is reported to have has pushed the company’s shares to a six year high on the London Stock Exchange.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Analysis: Why the cedi is depreciating
42 minutes -
To nationalise or transform? Joy Business hosts roundtable on Ghana’s extractive future
46 minutes -
This is not how modern innovation ecosystems are built – Tech analyst warns over NITA Bill
1 hour -
A web developer could become a criminal – NITA Bill sparks fear among young innovators
1 hour -
Mercy Johnson faces backlash over $18.24 menstrual kit
2 hours -
EU plans to fine Google high triple-digit million euro sum, Handelsblatt reports
2 hours -
Senegal’s Faye names economist Lo as new prime minister
2 hours -
Landslide at Angola illegal gold mine kills 28
2 hours -
The Draft NITA Bill should be shredded
2 hours -
Eni and partners approve new development phase for Ivory Coast project
2 hours -
Gov’t signals tougher scrutiny before renewing Gold Fields’ Tarkwa lease, Reuters report
2 hours -
Africa must build strong systems to achieve sporting success — Herbert Mensah
3 hours -
Gunmen abduct 25 people in twin attacks in Nigeria’s Kwara state, police say
3 hours -
Ebola patients flee in attacks on Congo health facilities, hobbling response
3 hours -
What Is Wrong with Us: Why we keep uprooting young trees because they have not yet become forests
3 hours