mining news
9
06.13
AngloGold Ashanti has announced changes
to its executive leadership team as a central
part of its transition to streamline the busi-
ness and deliver long-term, sustainable value
to stakeholders.
Among other things, the new structure
brings the company’s operations under a joint
Chief Operating Officer (COO) model, whilst
offering the Chief Executive Officer strong
technical support in his focus on key busi-
ness imperatives. It clusters the Group’s op-
erating regions under the two COOs, so that
decision making and integration is seamless,
while maintaining strong technical checks
and governance oversight.
“The leadership team has worked hard to
deliver a number of successes through chal-
lenging times, and has reaffirmed its com-
mitment to drive value creation in the busi-
ness,” Chief Executive Officer, Srinivasan
Venkatakrishnan, known as Venkat, said.
“This streamlined structure plays to each
individual’s strengths and better aligns our
collective work so that we can deliver on our
objectives.”
In terms of the restructuring, Mike O’Hare
retains his leadership role of the South Afri-
can operations as co-COO with responsibil-
ity for AngloGold Ashanti’s three operating
regions in South Africa (West Wits, Vaal River
and Surface Operations) and will continue to
retain accountability for the company’s tech-
nology project in South Africa.
Ron Largent takes on the role of co-COO,
Pangolin Diamonds Corp, listed on the
TSX‑V, has discovered its first kimberlite at
its 100 %-owned Tsabong North project in
Botswana.
Core logging identified crater facies sedi-
ments and underlying reworked volcanicla-
stic kimberlite (RVK) breccias in drill hole
‘Magi-01/1’. Representative rock samples
were submitted for independent whole rock
analysis to Activation Laboratories in An-
caster (Ontario). The results assisted in dis-
criminating between the kimberlite crater
facies sediments and the overlying Kalahari
Formation.
Crater facies sediments are present from a
depth of 33,5 m to 58,8 m, below which RVK
breccia occurs to 76,3 m. The crater facies
sediments and RVK breccias intersected are
consistent with the equivalent lithological
adding the Continental African operations
to his current Americas portfolio, with the
addition of the Australian operations once
Tropicana completes its first gold pour later
in the year. Largent will continue to lead the
team aimed at removing US$500 million from
AngloGold Ashanti’s operating cost base
within an 18-month period.
Graham Ehm will continue to lead the Aus-
tralian business until Largent takes over the
Sunrise Dam and Tropicana operations, and
AngloGold Ashanti restructures executive team
will work closely with Anthony O’Neill as he
takes on the role of Executive Vice President
(EVP) Planning and Technical.
O’Neill, who acted as joint interim CEO with
Venkat following the departure of Mark Cuti-
fani, remains on AngloGold Ashanti’s Board
as an Executive Director and, as previously
stated, will revert to his role as EVP Business
and Technical Development while assisting
Ehm and Largent as they transition into their
new roles.
units observed in the core of drill hole M1/50
from the M1 kimberlite in the Tsabong kim-
berlite field which was drilled in 1981.
Dr Leon Daniels, Chairman of the Board
of Pangolin, stated: “We are very pleased
with Pangolin’s success to date, as we have
now graduated from an explorer to a discov-
erer and are determined to continue on this
course.”
The Tsabong North project, located ap-
proximately 100 km north of the town of
Tsabong in south-western Botswana, is
1,545 km
2
in size. It comprises anomalous
concentrations of kimberlite indicators and
has large geo-botanical features. Pangolin
has already identified more than 50 drill-
ready aeromagnetic targets in the project
area, several of which have surface areas
exceeding 20 ha.
Pangolin finds kimberlite at Tsabong North
