AngloGold secures US$600 million credit facility

SOUTH African mining giant AngloGold said today it has signed a three-year, US$600 million syndicated revolving credit facility with a group of 24 international banks.

The facility has a margin of 70 basis points over LIBOR and will be used to refinance an existing US$350 million loan maturing on February 12 and other general corporate purposes, the company said.