AngloGold Ashanti determines tax payments of $286M due to restructuring

As disclosed in its initial announcement of the restructuring, on 12 May of this year, the restructuring attracted various tax payments in South Africa and Australia. These tax payments have now been determined at about $286m, following the successful conclusion of the corporate restructuring transaction. The detailed breakdown of the estimated total amount is provided below. AGA has a robust balance sheet, with strong liquidity, low leverage and no near-term maturities, and will fund the tax payments from internal sources. The tax amounts, calculated based on market prices on 22 September of this year at a closing share price of $18.15, shares in issue of 419,685,792, and a closing market capitalisation on the NYSE of $7.6bn…