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Reuters reports that AngloGold Ashanti's (AGA’s) chairperson Sipho Pityana has resigned with immediate effect and will be replaced by independent non-executive director Maria Ramos.
This was announced by the gold producer on Tuesday, without giving a reason for Pityana’s departure. Ramos, who has been an AngloGold director since May 2019, is a former chief executive of Absa Group. Prior to that, she was CEO of Transnet. Pityana was first appointed to the board in 2007. AGA noted that since Pityana assumed his role in 2014, its debt had been cut by more than 70%, the portfolio had been simplified, the rehabilitated Obuasi gold mine in Ghana had begun production and safety had improved. AGA has sold its remaining SA assets to rival Harmony Gold as part of its plan to shrink its portfolio and focus on assets with higher returns.
- Read the original of the short report in the above regard at Mining Weekly
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