07/05/2010 Mark Cutifani CEO of AngloGold Ashanti presenting their first quarter results at their offices in JHB. (176) Photo: Leon N icholas

Johannesburg - JSE-listed shares of Anglo American rose more than 1 percent in early Tuesday trade after Mark Cutifani was confirmed as the new chief executive of the global mining firm.

The share price of AngloGold Ashanti, where Cutifani is stepping down as leader, dropped 1 percent to 255.52 rand. Those of Anglo American gained 1.1 percent to 279.79 rand at 09:05 SA time. - Reuters