Ratings agency Moody’s Investors Service has rated miner AngloGold Ashanti’s decision to sell its remaining South Africa operating assets to Harmony Gold Mining Company as credit positive. This is because it reduces the company’s average all-in sustaining cost (AISC) by about 2.4% and allows it to recycle capital into growth projects that have lower cost structures and higher returns on equity, such as the Obuasi development project, in Ghana, Moody’s says.
