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South Africa's Anglogold plays down merger prospects amid deal talk

By Reuters Staff
2 Min Read
TORONTO/JOHANNESBURG, March 31 (Reuters) - South Africa’s Anglogold Ashanti does not need to pursue mergers and won’t add scale for its own sake, its interim chief executive said on Wednesday, tamping speculation it could take part in further consolidation of the sector.
Sibanye-Stillwater CEO Neal Froneman this month floated the idea of a merger with peers AngloGold and Gold Fields, arguing consolidation is needed for South Africa’s gold miners to compete globally.
Interim CEO Christine Ramon declined to comment directly when asked about a potential tie-up with Gold Fields during a roundtable at the Mining Indaba Virtual Investment Programme alongside Froneman and Barrick Gold head Mark Bristow. ....

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FTSE 100 finds silver lining

FTSE 100 finds silver lining
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Alien Metals Limited surges on silver's tailwinds

Alien Metals Limited surges on silver's tailwinds
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FTSE 100 enjoys solid day

FTSE 100 enjoys solid day
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FTSE 100 adds to early gains despite dip in manufacturing purchasing managers' index

FTSE 100 adds to early gains despite dip in manufacturing purchasing managers' index
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