Two longtime members of the World Gold Council have resigned from the organization, reportedly for financial reasons.
The decisions of AngloGold Ashanti and Gold Fields to leave were cost based, according to a report in Bloomberg.
In a statement, the organization said it “regrets the departures.”
“As long-standing members, AngloGold Ashanti and Gold Fields have played a leading role in shaping the work of the World Gold Council and the market development initiatives that we have undertaken,” it said. “We thank them for all their support and hope that there will be an opportunity in the future to welcome them back.”