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AngloGold Seeks Tanzania Talks to Break Impasse on Mine Laws

  • CEO says he’s waiting for Tanzania to set date for talks
  • AngloGold may sell some mines if the price is right, CEO says
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AngloGold Ashanti Ltd. is seeking talks with the Tanzanian government to break a deadlock over changes to mining laws that the firm has said it will challenge through arbitration.

“We have reached out to the government for negotiations,” Chief Executive Officer Srinivasan Venkatakrishnan said in an interview with Bloomberg Television at a Bank of Montreal mining and metals conference in Florida. “We are agreeing the logistics on when we meet with the government.”