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AngloGold Ashanti and De Beers form Joint Venture

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Uploaded by on Oct 5, 2009

AngloGold Ashanti and the De Beers Group have formed a joint venture with the purpose of exploring and mining gold and other minerals. The joint venture will establish a technical services company, Techco to be jointly owned by AngloGold Ashanti and De Beers. They intend to develop Techco into a fully-functional marine exploration and mining services company. The funding commitment under the joint venture, subject to regulatory approval and AngloGold Ashanti's ongoing approval of budgets and work programmes. ABN discussed details around the merger with AngloGold Ashati's chief executive Mark Cutifani.

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