JSE-listed AngloGold Ashanti on Wednesday confirmed that it had reached an agreement to sell its remaining South African producing assets and related liabilities to Harmony Gold Mining Company for about $300-million. The purchase price includes $200-million in cash, plus a deferred payment of up to $100-million. The deferred payment will include $260/oz payable on all underground production sourced within the West Wits mineral rights, comprising the Mponeng, Savuka and TauTona mines, in excess of 250 000 oz/y for six years from January 1, 2021.
