AngloGold Ashanti

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 Ashanti selling its Namibian division for $110 million

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
Gold strike in South Africa on hold pending court ruling

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.

AngloGold Ashanti faces charges for polluting South Africa’s Vaal River

Cecilia Jamasmie | September 2, 2013
AngloGold Ashanti faces charges for polluting South Africa’s Vaal River

Last week’s spillage from a pipe at the miner's operations in Stilfontein is said to have spread toxic waste over about 1.6 kilometres of the water resource.

South Africa gold miners call strike starting next week

Cecilia Jamasmie | August 30, 2013
Gold strike in South Africa on hold pending court ruling

Gold sector workers to down tools from the nightshift of Sept. 3.

Why is anti-goldbug Dennis Gartman getting into gold?

The Gold Report | August 21, 2013

The gold bear parade had gotten a bit overcrowded.

AngloGold struggling to keep flagship mine in Ghana open — report

Cecilia Jamasmie | August 20, 2013
AngloGold struggling to keep flagship mine in Ghana open — report

New CEO, Srinivasan Venkatakrishnan, said operations are unsustainable.

South African unions not impressed with offer; no deal reached

Ana Komnenic | August 14, 2013
national-union-of-mine-workers

Companies suggest 0.5% increase on previous offer.

Top gold producers in SA downgraded by HSBC to ‘sell’

Cecilia Jamasmie | August 12, 2013
Top gold producers in SA downgraded by HSBC to ‘sell’

Lower bullion prices affecting rating of AngloGold Ashanti, Harmony Gold and Sibanye Gold.

South Africa’s top gold miners ask unions to mend relations

Cecilia Jamasmie | August 8, 2013
South Africa’s top gold miners ask unions to mend relations

AngloGold Ashanti and Gold Fields top executives say hostility between workers and management can only damage the long-term viability of the country’s gold mines and projects.

AngloGold to axe 2,000 top jobs as metal price falls

Cecilia Jamasmie | August 7, 2013
AngloGold to axe 2,000 top jobs as metal price falls

The world’s No. 3 gold producer, will cut about 40% of its management positions and it is cutting capital expenditure in 10 countries.

Randgold to pour first gold at DRC’s Kibali Mine

Cecilia Jamasmie | July 23, 2013
Randgold jumps on strong performance at Kibali

Kibali Mine to start producing in October.

Yawning gap between wage demands and offers in South Africa

Ana Komnenic | July 15, 2013
Wage-negotations-continue-in-SA

Companies offer 4% increase; unions demand 60%.

‘Storm of writedowns’ coming up for gold miners

Cecilia Jamasmie | June 24, 2013
‘Storm of writedowns’ coming up for gold miners

It will be an extremely important and interesting half-year results season for gold miners, say experts.

South African President urges stability in beleaguered mining sector

Cecilia Jamasmie | May 30, 2013
South Africa approves law that gives state a 20% stake in oil, mining firms

Between January and March, the country's economy grew by just 0.9% and analyst blame the mining industry for this.

Power cut in SA cost AngloGold 20,000 ounces

Cecilia Jamasmie | March 18, 2013
Power cut in SA cost AngloGold 20,000 ounces

The world’s third-largest producer of the precious metal will see its first-quarter production reduced by about 20,000 ounces.

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