Anglo American sells SA gold stake
13 April 2012
MINING giant Anglo American has sold its 20% stake in South Africa's Gold Fields to Russia's Norilsk Nickel for $1.16bn (£639.5m), making a profit of about $480m.
The group had built its holding through a series of deals over four years.
It plans to use the profits to pay off debt in South Africa and invest in its own operations in the country.
Anglo American shares rose 5p to 1281p.
