AngloGold, Gold Fields in talks over SAfrica ops

* Companies say talks informal, no concrete outcome

* AngloGold CEO has stated considering splitting assets

* Both firms have their key mines in SAfrica

JOHANNESBURG, April 21 (BestGrowthStock) – Gold producer AngloGold
Ashanti (ANGJ.J: ) and rival Gold Fields (GFIJ.J: ) said on
Wednesday the firms have talked about a possible combination of
their South African operations, but only at an informal level.

AngloGold and Gold Fields, the world’s No. 3 and 4 gold
producers respectively, said nothing concrete had come out of
the discussions and conversations between their chief
executives.

“There are no formal discussions between Gold Fields and
AngloGold,” Gold Fields’ spokesman Sven Lunsche said.

“There are informal conversations between the CEOs, but we
are nowhere beyond that, otherwise we would have declared this
to shareholders through the stock exchange,” he said.

AngloGold’s spokesman Alan Fine declined to comment.

South African media reported the companies have been in
talks to join their assets after Mark Cutifani, the chief
executive of AngloGold, told Reuters last month his company was
weighing whether to split its global business to increase its
valuation and boost returns shareholders.

Cutifani said AngloGold, Africa’s top gold producer with 20
operations on four continents, would make a decision in the next
12 to 18 months on whether to split its portfolio.
[ID:nLDE6271G5]

Gold Fields, the continent’s second biggest gold miner, has
mines in South Africa, Ghana, Australia and Peru.

Both companies have their key mines in South Africa, the
world’s fourth largest gold producer.

Investing Analysis

($1=7.356 RAND)
(Reporting by James Macharia; Editing by Hans Peters)

AngloGold, Gold Fields in talks over SAfrica ops