AngloGold expects approval for Free State scheme

HARMONY Gold will have to fork-out more than the R2.2 million it announced it would pay for AngloGold's four Free State mines in a joint venture with African Rainbow Minerals and Exploration Ltd.

AngloGold said today it expects South African Revenue Services to approve its rationalisation scheme for the sale of its Free State assets to the Freegold joint venture by the end of March.