The firm, which cut about 2,000 jobs in South Africa last year as part of its restructuring, said it needed additional capital investment at its Mponeng mine to extend its lifespan beyond eight years, but said those funds could be better invested elsewhere.
Its South African assets include Mponeng mine, the world's deepest gold mine, and a surface rock dump processing business and a mine waste retreatment operation.
"We believe that under the right ownership, our South African assets offer a compelling long-term value proposition that may allow for an extension to Mponeng Mine's current life," Dushnisky said.
AngloGold was keeping its primary listing in Johannesburg for now but would not rule out shifting its primary listing to another international exchange in future, Dushnisky said, adding: "We don't take anything off the table."
The firm's first-quarter gold output fell 9 percent to 752,000 ounces from 824,000 ounces a year earlier hit by regulatory stoppages at its Brazilian operations, an unfavourable performance at its Siguiri mine in Guinea and power disruptions and other challenges in South Africa.
Eskom, which supplies more than 90 percent of South Africa's electricity, cut power across the country in February and March as low coal supplies, a severe cash crunch, and failures at ageing power stations curbed supply.
Shares in AngloGold were down 1.3 percent at 168.92 rand by 09.53am.
- Reuters