Randgold was never in this one...Anglo's reason for dumping the project are well known and have been discussed many times in other threads, but seeing as you're only on to post 38, the summary is as follows:
- Anglo got a new chief;
- New chief decided to rationalise the capex budget for the company to appease shareholders & increase profit;
- At that time Anglo was committed to the Kibali mine JV with Randgold which incurred >US$2bn in capex to get the 30Moz+ gold mine up and running.
- Anglo therefore let go of Adidi-Kanga as it was a smaller resource than Kibali to concentrate its capex budget on the larger mine.
