South Africa said AngloGold Ashanti must remain listed on the local bourse in order to conclude the sale of its last remaining assets in the country to Harmony Gold Mining. The transfer of mining rights to Harmony — which is needed to close the sale of its Mponeng mine and its surface assets in South Africa — is also conditional on AngloGold keeping its headquarters in the country. While the government didn’t give a reason, it indicates that South Africa is trying to maintain some control over a gold industry that’s been steadily declining.
