Why Anglo American just walked away from the richest undeveloped gold mine (approx val $300BN) after spending more than half a billion dollars

Tom McKay

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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Tom McKay

Tom McKay

Managing Director and Co-Founder, Livewire

I'm the Managing Director and Co-Founder of Livewire. I'm passionate about collecting and curating the markets most informed insights every day so that our members can discover new investment ideas. If you would like to get in touch - please use...

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