For 88 years gold has been a core asset in the formidable arsenal of South Africa's Anglo American group. Next year, if all goes to plan, history will be swept aside. Details are scarce, but the plan is for Anglo American to cut adrift its best known subsidiary, AngloGold Ashanti, in a move which is seen as a great opportunity for the gold business to blossom on its own - but which speaks volumes about Anglo American's long-term view on gold. So far, observers have largely confined their comments to the opportunity being presented to AngloGold Ashanti to develop as a world-class, free standing, gold business; even if no one knows quite how this will be achieved.
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