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AngloGold Ashanti’s new CEO needs to invest in Colombia, analysts say

By David Whitehouse
Posted on Friday, 9 July 2021 19:09

Offices of the AngloGold Ashanti's La Colosa exploration site are seen in Cajamarca, Colombia, August 26, 2016. Picture taken August 26, 2016. REUTERS/Julia Cobb

AngloGold Ashanti’s new CEO Alberto Calderon will need to take risks in his native Colombia to revive the fortunes of the mining multinational which has lacked permanent leadership for a year, analysts say.

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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