The Department of Minerals and Energy (DMRE) has given the green light for the sale of AngloGold Ashanti’s last remaining assets in the country to Harmony Gold on condition that it does not delist from the Johannesburg stock Exchange. Harmony agreed in February to buy rival AngloGold Ashanti’s assets in South Africa, including Mponeng, the world’s deepest gold mine, for about $300-million. Every sale in the mining industry in South Africa must be approved by the ministry under mineral resources rules in accordance with Mineral and Petroleum Resources Development regulations.
