AngloGold Ashanti looks to be world leader

[dArKeR]

Justin Brown | Johannesburg, South Africa

Global gold miner AngloGold Ashanti is looking to become an African world leader and the global gold equity of choice, company president Dr Sam Jonah said at the weekend during an event to launch the new group.

In late April, the merger of South Africa's AngloGold and Ghana's Ashanti Goldfields was officially concluded and the group is set to rival United States gold miner Newmont for the mantle of the world's largest gold miner.

"For us in the gold-mining industry ... 2004 has brought great promise, because it has brought about a marriage of two African giants," Jonah said.

The launch on Saturday follows eight years after Ashanti became the first African company to list on the New York Stock Exchange and six years following the launch of AngloGold in 1998. AngloGold became the first South African company to list on the New York Stock Exchange in August 1998.

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