Why Anglo American just walked away from the richest undeveloped gold mine (approx val $300BN) after spending more than half a billion dollars. In the statement that accompanied the Sept. 16 decision, its chief executive officer, Mark Cutifani, explained that the move was not driven by a reassessment of the site's potential, but an effort to prioritize capital to projects with the highest value and lowest risks. In reality it seems a combination of EPA concerns mixed with the No Dirty Gold campaign persuaded them to move on. (VIEW LINK)
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