AU AngloGold Ashanti Ltd

LONDON--Anglogold Ashanti Ltd. (ANG.JO) said Monday it won't proceed with its proposed corporate restructuring and capital raising plan due to lack of investor support.

The gold mining company said a number of shareholders have expressed concerns about certain aspects of the proposed transactions, particularly the quantum of the equity capital raising needed to enable the restructuring.

It intends to continue evaluating all options to address its debt levels.

Just last week, AngloGold Ashanti announced plans to raise $2.1 billion in a rights issue and spin its international assets into a new London-listed company.

-Write to Tapan Panchal at tapan.panchal@wsj.com