The world’s largest gold company has made mining history by becoming the first South African company to list on the New York Stock Exchange.
The listing of AngloGold (AU-N) is in the form of American Depositary Receipts, with two ADRs representing one ordinary share.
AngloGold boasts annual production of 7 million attributable ounces gold, mostly from mines in South Africa. The company also has operations in Mali and Namibia, and is engaged in a US$50-million exploration program in Africa.
Bobby Godsell, chief executive officer, describes the New York listing as “an important step in developing a globally competitive, investor-friendly company.” He says the company remains committed to gold, and that the yellow metal continues to be the ultimate symbol of value for millions of people all over the world.
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