AngloGold Ashanti

South Africa’s gold miners look at mergers to stay afloat

Cecilia Jamasmie | October 14, 2014
South Africa’s gold miners look at mergers to stay afloat amid price debacle

Harmony Gold, Sibanye Gold Ltd., and AngloGold Ashanti named among the top candidates to consider deals.

Cecilia Jamasmie

Gold prices hurting miners? Throw Ebola into the mix

Cecilia Jamasmie | October 3, 2014
Gold prices hurting miners? Throw Ebola into the mix

Deutsche Bank warned Friday that gold producers are the most vulnerable to a further spread of the deadly disease.

Anglogold drops spin-off, rights offer plans

Frik Els | September 15, 2014
Anglogold drops spin-off, rights offer plans

Investors unhappy with $2 billion equity raising convinces world number three producer to drop restructuring plans.

AngloGold Ashanti shares plummet on spin off announcement

Cecilia Jamasmie | September 10, 2014
AngloGold shares plummet on spin off announcement

The miner has revealed a major restructuring involving a plan to raise $2.1 billion in a rights issue and spin its international assets into a new London-listed company.

Guinea on national emergency over Ebola, mining operations threatened

Cecilia Jamasmie | August 14, 2014
Guinea on national emergency over Ebola, mining operations threatened

Tighter border controls are set to disrupt the flow of essential supplies and even workers trying to get to work at the African country's mining operations, companies say.

AngloGold Ashanti to keep cutting costs, jobs

Jeffrey Richmond | August 11, 2014
AngloGold Ashanti to keep cutting costs, jobs

Firm also working to restructure Obuasi mine in Ghana.

West Africa Ebola outbreak forces miners to lock down operations, delay projects

Cecilia Jamasmie | August 10, 2014
West Africa Ebola outbreak forces miners to lock down operations, delay projects

After the WHO declared the current outbreak an “international public health emergency.”

AngloGold expects more assets on the block before year-end

Cecilia Jamasmie | August 1, 2014
AngloGold expects more assets on the block before year-end

Forecast slump in gold prices to drive more mine sales, says the firm.

Mali revokes 130 mining licences

Cecilia Jamasmie | July 31, 2014
Mali revokes 130 mining licences

Decision comes on the heels of a finished inventory of permits, which aimed to clean up the sector.

AngloGold Ashanti signs gas deal for Aussie mines

Jeffrey Richmond | July 21, 2014
anglogold ashanti signs gas deal for aussie mines feat

Pipeline seen saving miner millions.

Top South African miners leave the World Gold Council

Cecilia Jamasmie | July 4, 2014
Top South African miners leave the World Gold Council

As members pay per ounce of metal produced, both companies said they had to look at the cost-benefits of staying in the organization.

AngloGold Ashanti completes sale of Navachab mine

AngloGold Ashanti | July 1, 2014

Navachab had gold Mineral Resources of 3.91 million ounces.

South African court rules gold miners not allowed to strike

Cecilia Jamasmie | June 23, 2014
South African court rules gold miners not allowed to strike

The union leading the five-month strike in the platinum sector take any industrial action affecting gold producers.

Worker dies at AngloGold Ashanti mine in South Africa

Cecilia Jamasmie | March 4, 2014
Worker dies at AngloGold Ashanti mine in South Africa

Preliminary investigations indicate the deceased, an electrician, was fatally injured in a heavy equipment incident.

Namibia wants a piece of AngloGold Ashanti $110 million mine

Cecilia Jamasmie | March 3, 2014
Namibia wants a piece of AngloGold Ashanti $110 million mine

AngloGold had agreed to sell its Navachab gold mine to a private group, but the country's wants a piece of the pie too.

Gold sector nightmare not over: price drop forcing them to slash reserves

Cecilia Jamasmie | February 14, 2014
Gold sector nightmare not over: price drop forcing them to slash reserves

Despite extreme measures taken by gold miners to balance their books, the sector continues to suffer the aftermath of last year’s precious metal price nosedive.

AngloGold Ashanti selling its Namibian division for $110 million

Cecilia Jamasmie | February 10, 2014
Anglogold drops spin-off, rights offer plans

The miner is also said to be ready to shut down operations at its Obuasi gold mine, in Ghana, for up to two years.

Gold strike in South Africa on hold pending court ruling

Cecilia Jamasmie | January 23, 2014
Platinum, palladium prices slide despite stalled strike deal

Platinum belt already paralyzed.

Mining strikes coming to S. Africa may cause permanent damage to industry

Cecilia Jamasmie | January 21, 2014
South Africa platinum talks to end 6-week strike break down

Labour action would halt production at the world's top three platinum producers.

Randgold jumps on strong performance at Kibali

Frik Els | January 20, 2014
Randgold jumps on strong performance at Kibali

After its first quarter of operation, the $1.7 billion project in the DRC is now expected to meet its forecast of 550,000 ounces for the current year.

Report casts fresh doubt on AngloGold's La Colosa project

Cecilia Jamasmie | January 5, 2014
Report casts fresh doubt on AngloGold's La Colosa project

Study claims the massive project would jeopardize a river basin, potentially reducing water supply for agriculture and consumption.

AngloGold Ashanti up over 6% after strong set of Q3 results

Cecilia Jamasmie | November 6, 2013
AngloGold Ashanti up over 6% after strong set of Q3 results

The cost-cutting miner, however, warned it's in the process of exiting a number of exploration projects in 13 "non-core" countries.

Gold stocks slaughtered, Barrick drops 10%

Frik Els | October 31, 2013
As stocks tank, gold price enjoys longest winning streak since 2012

The world's number one gold miner led a sell-off on Thursday after announcing a stock sale to pay down debt at a deep discount.

Heavy selling of gold stocks may point to further declines for bullion

Frik Els | September 10, 2013
Heavy selling of gold stocks may point to further declines for bullion

The sector takes a battering on Tuesday led by 6.7% decline for Goldcorp, world's most valuable gold miner.

Most South African gold miners return to work

Cecilia Jamasmie | September 6, 2013
Most South African gold miners return to work

Workers for four of the seven companies affected by the labour action had accepted a new pay offer, believed to be about 8%

Thousands of South African gold miners on strike

Cecilia Jamasmie | September 4, 2013
South Africa platinum talks to end 6-week strike break down

Shutdown in gold production costs the country more than US$34 million a day.

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