Gold mining giant AngloGold Ashanti moves primary listing, headquarters to US from South Africa

By Thulani Mpofu September 26, 2023

A gold mining multinational, AngloGold Ashanti (AngloGold) has moved its primary listing from South Africa’s Johannesburg Stock Exchange to New York.

The move, it said on September 25, marked the conclusion of its corporate restructuring which started on May 12.

Apart from announcing the primary listing on the New York Stock Exchange (NYSE), AngloGold said its corporate office will be in the UK with its headquarters now in Denver, Colorado.

“The move of our primary listing to the NYSE provides us with improved access to the world’s largest capital market and places us alongside the industry’s highest-valued gold companies,” said AngloGold chief executive, Alberto Calderon.

“This signifies an important new era for AngloGold Ashanti strengthening our corporate infrastructure as we continue to focus on taking performance from our world class asset base to the next level.”

The giant no longer has mining operations in South Africa according to data on its website, but has two mines in Ghana, and one each in Tanzania, Democratic Republic of Congo and Guinea. It also has mines in Brazil, Argentina, Colombia the US and Australia.

Its ordinary shares commenced trading on the NYSE on September 25, two days after trading in its American Depositary Shares on the NYSE ceased.

“AngloGold Ashanti remains committed to the Johannesburg Stock Exchange (JSE) and A2X Markets (A2X) in South Africa and the Ghana Stock Exchange (GhSE) in Ghana on which it has maintained secondary listings,” it said in the release.

Related Articles

Shipping companies to resume transiting Suez Canal within month, says authority head

Shipping companies are expected to resume transiting the Suez Canal within at least a month to allow time for schedule adjustments, Osama Rabie, Chairman of the Suez Canal Authority (SCA) said on May ... more

Tullow Oil agrees $300mn sale of Gabon assets to state-owned GOC

Tullow Oil Plc has signed a definitive sale and purchase agreement with Gabon Oil Company (GOC) to divest its entire non-operated working interests in Gabon for $300mn, as part of efforts to ... more

Namibia expects FID by TotalEnergies on Venus discovery by late 2026, says petroleum commissioner

Namibia is expecting a final investment decision (FID) by French energy supermajor TotalEnergies on its Venus discovery in the Orange Basin by late 2026, according to Maggy Shino, petroleum ... more

Dismiss