AngloGold Ashanti to switch primary listing to New York

Miner AngloGold Ashanti has introduced plans to switch its main itemizing to New York and redomicile within the UK after winding down its South African operations to deal with different markets.

Below a plan set out on Friday, the corporate, which has its main itemizing in Johannesburg, will maintain a secondary itemizing there and have one other in Ghana.

AngloGold bought its final South African mine in 2020 to deal with operations elsewhere within the continent, in addition to in Australia and the Americas. That transfer created hypothesis that the corporate might shift its itemizing to London, the place shares in many of the world’s largest mining teams are traded.

The corporate on Friday stated {that a} US main itemizing would enhance entry to “the world’s deepest swimming pools of capital”, including that an current secondary itemizing on Wall Avenue already generated about two-thirds of day by day liquidity in its shares.

The corporate expects the proposed modifications to finish in the course of the third quarter of this yr, it stated.

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