[miningmx.com] – THE world’s largest gold producers would continue to put more marginal assets up for sale, said Bloomberg News citing comments by an AngloGold Ashanti executive.
“Portfolio rationalization will continue to happen,’ said Graham Ehm, executive vice-president of planning at the gold producer, told Bloomberg News. “Those operations that don’t really give you much margin at those prices, really don’t belong in your portfolio, so you will see that continue,’ he said.
The largest companies have shed $912m of unwanted mines in the past 12 months after gold last year notched up its biggest annual drop in more than three decades, said Bloomberg News.
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