Live preview mode. Wire is not yet published.
Why Anglo American just walked away from the richest undeveloped gold mine (approx val $300BN) after spending more than half a billion dollars
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)
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Tom McKay is the Co-Founder and Managing Director of Livewire. Tom's passionate about democratising access to high quality investment ideas and insights, so all investors can make more informed and successful investment decisions.
2 topics
Tom McKay is the Co-Founder and Managing Director of Livewire. Tom's passionate about democratising access to high quality investment ideas and insights, so all investors can make more informed and successful investment decisions.
Expertise
Tom McKay is the Co-Founder and Managing Director of Livewire. Tom's passionate about democratising access to high quality investment ideas and insights, so all investors can make more informed and successful investment decisions.
Expertise
Comments
Comments
Sign In or Join Free to comment
most popular
Equities
How to choose excellent fund managers
Livewire Markets
Macro
The RBA should warn that it could raise rates again
Coolabah Capital