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4/13/18

AngloGold (AU) $AU selling projects in Colombia

We learn that RBC has been commissioned by AngloGold Ashanti (AU) to sell a lot of their land holdings in Colombia. They don't want to sell their three main projects but a lot of whatever else they have is now up for grabs, around 3,500km2 of concessions with a host of early stage targets. AU was of course the first mover on Colombia back in the Uribe government time but with the failure of La Colosa (their own doing through awful CSR practices, we hasten to add) they seem to be getting fed up with the country. So, time to bug out and let a few juniors in on the land, it seems.