{"id":1929690,"date":"2023-05-12T11:11:23","date_gmt":"2023-05-12T15:11:23","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/anglogold-shifts-primary-listing-to-us-completing-s-africa-exit\/"},"modified":"2023-05-12T11:15:22","modified_gmt":"2023-05-12T15:15:22","slug":"anglogold-shifts-primary-listing-to-us-completing-s-africa-exit","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/anglogold-shifts-primary-listing-to-us-completing-s-africa-exit\/","title":{"rendered":"AngloGold moves main listing to US, exits South Africa."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fanglogold-shifts-primary-listing-to-us-completing-s-africa-exit%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1929690&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>AngloGold Ashanti to Move Primary Listing to New York<\/h2>\n<h3>By Nelson Banya and Felix Njini<\/h3>\n<p>AngloGold Ashanti, the century-old <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gold-pistols-and-gold-rush-pants-heres-what-you-can-buy-from-a-pre-civil-war-shipwreck\/\" title=\"Gold, Pistols, And Gold Rush Pants: Here\u2019s What You Can Buy From A Pre-Civil War Shipwreck\">gold miner<\/a>, has announced that it will move its primary listing from the Johannesburg Stock Exchange (JSE) to New York. The move is aimed at accessing a larger pool of capital and reducing risk associated with South Africa. The company has shifted its focus to more <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/african-reporters-ukraine-coverage-racist-shows-lack-of-dignity-to-african-war-victims\/\" title=\"African Reporters: Ukraine Coverage 'Racist,' Shows 'Lack of Dignity' to African War Victims\">lucrative mines<\/a> in Ghana, Tanzania, the Democratic Republic of Congo, Australia, and the Americas due to the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/anglogold-shifts-primary-listing-to-us-completing-s-africa-exit\/\" title=\"AngloGold moves main listing to US, exits South Africa.\">geological challenges posed<\/a> by mining some of the world&#8217;s deepest gold deposits in South Africa.<\/p>\n<p>The company completed the sale of its South African mines in 2020 and will also move its corporate base to the United Kingdom while maintaining its South African office. CEO Alberto Calderon said that a primary listing in the United States was aligned with the company&#8217;s development of four greenfield projects in Nevada, which will take AngloGold&#8217;s annual output close to 3 million ounces.<\/p>\n<p>The plan to move AngloGold&#8217;s primary listing will be put to a shareholders&#8217; vote and requires at least 75% support from investors. Calderon said that most gold mergers in the recent past have not created value, and he ruled out AngloGold pursuing M&#038;A deals. He added that Newmont Corporation&#8217;s $20 billion bid to acquire Australia&#8217;s Newcrest Mining was likely to succeed.<\/p>\n<ul>\n<li>AngloGold Ashanti will move its primary listing to New York from the Johannesburg Stock Exchange (JSE) to access a larger pool of capital and reduce risk associated with South Africa.<\/li>\n<li>The company has shifted its focus to more lucrative mines in Ghana, Tanzania, the Democratic Republic of Congo, Australia, and the Americas due to the geological challenges posed by mining some of the world&#8217;s deepest gold deposits in South Africa.<\/li>\n<li>The plan to move AngloGold&#8217;s primary listing will be put to a shareholders&#8217; vote and requires at least 75% support from investors.<\/li>\n<li>CEO Alberto Calderon said that most gold mergers in the recent past have not created value, and he ruled out AngloGold pursuing M&#038;A deals.<\/li>\n<li>Newmont Corporation&#8217;s $20 billion bid to acquire Australia&#8217;s Newcrest Mining was likely to succeed, according to Calderon.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>By Nelson Banya and Felix Njini (Reuters) -Miner AngloGold Ashanti will move its primary listing to New York from the Johannesburg Stock Exchange (JSE) to get access to a larger pool of capital and reduce risk associated with South Africa, it said on Friday. Advertisement The gold miner has shifted its focus to more lucrative<\/p>\n","protected":false},"author":66,"featured_media":1929691,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[5716,26596,14072,10742,15038,5368,3960,9029],"class_list":["post-1929690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-africa","tag-anglogold","tag-exits","tag-listing","tag-main","tag-moves","tag-south","tag-us"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1929690","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1929690"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1929690\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1929691"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1929690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1929690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1929690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}