[miningmx.com] – SRINIVASAN Venkatakrishnan (Venkat), CEO of AngloGold Ashanti, dipped into his pocket again buying R1.62m worth of company shares in a move he said was “time to walk the talk,” BDLive reported.
“We’re moving with speed on multiple fronts to reposition this business. We’ve strengthened the balance sheet, we’re aggressively reducing our cost base and will soon bring into production higher quality ounces from our two new gold mines,” Venkat said.
“With all that work underway, it’s time to walk the talk, hence my purchase of these shares,” BDLive quoted him to have said.
The purchase of 12,500 shares at an average price of R128.65 is not the first time Venkat has bought AngloGold Ashanti shares this year.
On May 23, AngloGold said he had spent R1.6m buying 10,000 shares at an average price of R160.26. At the end of February, Venkat bought 3,429 shares for an R223.91 each, totalling R767,796. The three share purchases in 2013 have taken his stake in AngloGold Ashanti to 78,437 shares, said BDLive.
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