Live Breaking News & Updates on Miner Sounds Cautious Note
Stay updated with breaking news from Miner sounds cautious note. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
By Felix Njini (Bloomberg) – AngloGold Ashanti Ltd.’s acting Chief Executive Officer Christine Ramon said the world’s No. 3 gold miner won’t be rushed into deals as the industry braces for another round of mergers and acquisitions. AngloGold won’t focus on scale for “the sake of it,” Ramon said during a panel discussion alongside the CEOs of Barrick Gold Corp. and Sibanye Stillwater Ltd., both proponents of consolidation. Barrick and Newmont Mining Corp. led a wave of mega deals two years ago and there are expectations that miners, flush with cash, will again look to expand through acquisitions. ....