AngloGold plots cap hike, spin-off amid plunging prices

By Andrew Griffin
11 Sep 2014

Global mining giant AngloGold Ashanti has laid out a comprehensive reorganisation plan that that will include a $2.1bn capital raise to help it deal with the damaging effects of the depressed price of gold.

AngloGold Ashanti, which after a spin-off will hold only the company’s South African assets, will launch a $2.1bn rights issue, on which it will be advised by Goldman Sachs and UBS. The rights issue is not dependent on the restructuring or the spin-off, the company said.

It will use the ...

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