A South African court said a minority union at the nation’s gold operations can’t stage a pay strike at individual mines run by companies including AngloGold Ashanti Ltd., the third-biggest producer of the metal.
A South African court delayed a ruling on whether a union can stage a strike over pay at individual gold mines run by companies including AngloGold Ashanti Ltd., the world’s third-biggest producer of the metal.
AngloGold Ashanti Ltd., the world’s third-biggest gold producer, will consider selling part or all of its Obuasi mine once it has undertaken a major restructuring of the Ghanaian operation, its chief executive officer said.
Tito Mboweni, the former chairman of AngloGold Ashanti Ltd. and an ex-governor of South Africa’s central bank, declined to be appointed to Parliament, indicating he may not take a post in President Jacob Zuma’s cabinet.
South Africa needs “bold, decisive, courageous and responsible action” to transform its economy, said Tito Mboweni, the former chairman of AngloGold Ashanti Ltd. who declined a nomination for a seat in Parliament.