AngloGold head Kelvin Dushnisky views Harmony’s Gold purchase of Mponeng as a positive step for the future of the mine
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.
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