AngloGold secures US$400 million credit facility

SOUTH African mining giant AngloGold, the world's largest gold producer, has secured a three-year US$400 million syndicated revolving credit facility at a margin of 75 basis points above the London Interbank Offered Rate.

Three-quarters of the facility would be used to repay existing debt raised over the past two years to finance acquisitions, with the remainder earmarked to repay other debt commitments at a later