AngloGold Ashanti is complying with an order from South Africa’s Department of Mineral Resources to amend its mining rights to reflect black economic empowerment, the company’s spokesperson Chris Nthite said. The world’s No. 3. gold producer may have contravened black economic empowerment rules tied to its mining rights when it awarded a 4.5% stake to employees instead of 6%, City Press reported Sunday. The other 1.5% was sold to a firm belonging to company Chairman Sipho Pityana. AngloGold denied there was anything wrong with the two transactions, the paper said.
