Johannesburg -- AngloGold Ashanti (AU) Q3 2011 Earnings Call November 9, 2011 3:00 AM ET Stewart Bailey Good morning, everybody, and welcome to the presentation by the AngloGold Ashanti Executive Team for our results for the quarter ended 30th of September. And before we begin, the meeting, as is customary, we'll go through the safety procedures. As usual, in the event of an emergency, a siren will sound and the information will be broadcast over the building's public address system. Please Read more [...]

Anglo American Plc (AAL) agreed to buy the Oppenheimer family’s 40 percent stake in De Beers for $5.1 billion in cash, ending the dynasty’s 80-year ownership in the world’s largest diamond miner. The transaction will increase Anglo’s 45 percent stake in De Beers to as much as 85 percent, the London-based company said today in a statement. The deal will add to underlying earnings in the first year of acquisition, Anglo said. "De Beers has the largest resources and reserves in the Read more [...]

By Staff Writer The long-awaited flotation on Eurobond in Nigeria is finally in the offing. The country’s Finance Minister Olusegun Aganga has announced that they will be approaching the international market to source some $500 million debut Eurobond in two to three weeks, and expects a bill to create a sovereign wealth fund to pass under the current administration. Africa's top crude oil exporter first announced plans to borrow in the international bond market two years ago but has put the Read more [...]

By Kelvin Khulumo Africa’s most stable economy, South Africa, through its competition body has cleared the country’s supermarkets of collusion. This follows almost two years of deep investigations into the sector. According to the Competition Commissioner Shan Ramburuth, the investigating body had not finalised its report and could not say when it would announce a response. While it clears the retailers of colluding over prices, questions remained about the conditions retailers demand when Read more [...]