Anglogold Ashanti Limited

AngloGold Ashanti Credit Rating Upgraded by Moody's on Improved Fundamentals

AngloGold Ashanti (NYSE: AU) is pleased to acknowledge that Moody's Investors Service today upgraded the issuer rating of AngloGold Ashanti Limited to Baa2 from Baa3, together with upgrading the senior unsecured debt obligations of the company's guaranteed subsidiary to Baa2, in recognition of significant improvements in the company's balance sheet position and operational performance.

Gold shares slide as futures flirt with $1,700/oz

Shares of some top gold companies are down at 1 p.m.: Barrick Gold CorpBarrick Gold Corp. fell $.99 or 2.1 percent, to $46.44. Gold Fields fell $.40 or 2.6 percent, to $14.95. GoldCorp. fell $1.30 or 2.6 percent, to $47.83. Newmont Mining CorpNewmont…

AngloGold reports mine death

Gold miner AngloGold Ashanti has announced the death of an employee in a fall of ground accident at Mponeng mine near Carletonville. The fall of ground, triggered by a seismic event, occurred at 15:50 on Tuesday.

AngloGold chair calls for collaboration on mine safety stoppages

AngloGold Ashanti at the release of its full year results presentation said it has lost 73 000 ounces of gold as a result of section 54 stoppages enforced by the Department of Mineral Resources (DMR) last year.

Randgold – Kibali Project in the Starting Blocks

Preparatory work has been completed at the Kibali gold project in the Democratic Republic of Congo, where first gold production is scheduled for the end of 2013.

Two fatalities at South African gold mines in one day

Two South African gold mines have reported fatalities at their mines on the same day.

AngloGold keeps Mariana stake

AngloGold Ashanti (ANG), Africa's largest gold producer, now holds a 19.9% stake in exploration and development company Mariana Resources.

AngloGold gains 20 pct stake in Mariana

Mariana Resources Ltd. (MRY-T0.210.0743.33%) has agreed to sell a nearly 20-per-cent stake in the mining company to AngloGold Ashanti Ltd. for about $8.5-million (U.S.) through a private placement.

AngloGold sees solid Q3 result

World no.3 gold producer AngloGold Ashanti is set to report a solid third-quarter result tied to record gold prices for the September quarter, Chief Executive Mark Cutifani said on Thursday.

AngloGold plans trial to tap $118 billion of 3-mile deep ore

AngloGold Ashanti Ltd. (ANG), which owns the world’s deepest mine, will within two years trial new mining methods in South Africa to access almost $118 billion worth of gold lying more than three miles underground as it expects gold prices to keep rising from this year’s record.

The world’s third-largest gold producer wants to gain access to an estimated 70 million ounces of gold more than 3.1 miles below the surface to extend the lives of its South African mines. The metal is worth $117.6 billion at current prices.

AngloGold Ashanti to update guidance

AngloGold will this week update its full year gold production guidance after heavy rain earlier this year caused output to fall at its Sunrise Dam mine in WA. The rain in February flooded the underground operation, triggering a wall collapse and causing

Everybody wins in First Uranium deal

First Uranium shareholders probably couldn’t believe their luck when the announcement came on July 22 that AngloGold Ashanti was buying around 20% of their company, relieving Village Main Reef of most of its 26% stake acquired through the takeover of Simmer & Jack.

South Africa gold miners hammered as costs spiral

By early afternoon on Thursday 7.5% or over $400m had been wiped off the value of Harmony Gold Mining stock in New York, the worst performer in an index of 50 of the largest gold and silver counters. Other South African gold miners were also punished with both Anglogold Ashanti and Gold Fields down over 5%.

Some South African produces are struggling with cash outlays of $1,200/ounce – almost double the global average – thanks to a strong currency, wage disputes, power supply problems and geological issues. As the gold price eases as much as 180,000 oz of quarterly production are being put at risk.

Anglo-American lobbying flops as clamour intensifies for nationalization of South Africa’s mines

South Africa's Sunday Independent newspaper reports attempts by mining giants AngloGold Ashanti and Anglo American to sup with the leaders of the ANC Youth League and possibly sway them against nationalization have flopped. Both companies stand to lose substantial chunks of their assets if the league – kingmakers in the country's politics – succeeds in its push for state control of mines to become the policy of the ruling party.

Amid a rebound in mining output calls are growing for majority government ownership of key industries – the union representing the vast majority of mine workers recently backed the country's Freedom Charter clause on nationalization.

AngloGold Ashanti posts record earnings in 2010

Global gold miner AngloGold Ashanti reported record earnings in 2010, and credited higher gold prices for the stellar results.

In a suite of reports released today, the South Africa-based company said it earned US$787 million last year, up from $708 million in 2009. Revenues were up 41%, from $3.916 billion in 2009 to $5.514 billion in 2010.

Image by AngloGold Ashanti

Heavy rains affect Australian gold output – AngloGold Ashanti

The world's third-largest gold miner said heavy rains in Australia have affected output at its Sunrise Dam mine.

AngloGold and De Beers to spend $40 million on undersea gold hunt

AngloGold Ashanti and its associate company De Beers (which already has substantial undersea diamond mining expertise) are putting $40 million towards a search for gold under the Atlantic It is perhaps the biggest global gold hunt under the waters.