/ 31 October 2000

DIVIDEND CUT ‘COULD FUND CAPEX’

South Africa’s AngloGold Ltd has suggested it could cut future dividends to fund capital expenditure. The world’s largest gold mining company is aiming to reduce its debt to around US$950m, but at the same time faces capital expenditure of around $325m annually over the next two years, AngloGold officials told a media and analysts teleconference. – Reuters