Calderon takes up his role on 1 September. AngloGold Ashanti had been searching for a new CEO since Kelvin Dushnisky announced his resignation in July 2020.
The company has its headquarters in Johannesburg but ceased gold mining in South Africa last year. It has African assets in Ghana, Guinea, Tanzania and the Democratic Republic of Congo (DRC), along with mines in Australia, Brazil, Colombia and Argentina.
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The portfolio “needs difficult decisions to be made with respect to re-investment, closure or disposal,” says Simon Hudson-Peacock, mining investment analyst at S2 Research in Cape Town. The company “was and is still in need of firm direction,” he says. “AngloGold was adrift under interim CEO Christine Ramone who, although a capable CFO, is not a mining CEO.”
Calderon Group Executive and Chief Executive Aluminium, Nickel and Corporate Development at BHP Billiton addresses the participants at the first Global Commodities Summit in Lausanne © Alberto Calderon. REUTERS/Denis Balibouse
Calderon is a former CEO of Australian explosives maker Orica and held executive
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