Today's Labour News

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anglogoldashantiBusinessLive reports that AngloGold Ashanti’s new CEO, Kelvin Dushnisky, clearly sees an upside in the company’s share price, snapping up 50,000 of its American depositary receipts for R5.86m.  

The shares were bought in four tranches over three days in New York between 4 & 6 September, just days after he took up his new role at the gold producer.  The Canadian replaced Srinivasan Venkatakrishnan as CEO and was clearly sending the market a message days into his tenure.  If Dushnisky earns anything similar to his predecessor, the purchase would be equivalent to nearly half his annual salary of R13.3m in 2017 terms.  Among the most pressing tasks for Dushnisky is the successful rebuilding and restarting of the perennially problematic Obuasi mine in Ghana.  Other challenges he faces are the continued difficulties in Tanzania and the Democratic Republic of Congo.

  • Read this report by Allan Seccombe in full at BusinessLive

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