Goldman Sachs and UBS are working on their second metals and mining spin-off in a month, with AngloGold Ashanti turning to the two banks for an asset spin-off months after the pair advised miner BHP Billiton on a similar deal.

The South African-based miner said Wednesday that it would spin-off its international assets into a London-listed company and raise $2.1 billion in an equity capital raising. Goldman Sachs and UBS are the financial advisers on the transaction, according to the deal announcement.