AngloGold Ashanti will sell its Tau Lekoa mine as well as the adjacent Edgenoeg and Weltevreden project areas to smaller miner Simmer & Jack mines.

Simmers and Jack said on Monday it would pursue a slower and more selective build-up of its projects due to the global credit crunch.

Simmer and Jack Mines said on Thursday that an accident at its Buffelsfontein mine in North West has claimed the life of one mine worker.