AngloGold Ashanti

South Africa’s main union rejects gold firms wage offer

Cecilia Jamasmie | July 6, 2015
South Africa’s main union rejects gold firms wage offer

Companies are keen to avoid a repeat of last year’s five-month platinum strike, but their ability to raise salaries is limited.

South Africa’s gold workers 'unimpressed' with 13% pay rise offer

Cecilia Jamasmie | June 29, 2015
South Africa’s gold workers unimpressed with 13% pay rise offer

Gold producers offered above-inflation wages, which make up 55% of their mining costs in the country.

South African gold sector to table wage offer next week

Cecilia Jamasmie | June 24, 2015
South African gold sector to table wage offer next week

The companies, which bargain collectively under the country’s Chamber of Mines, are already battling low metal prices and mounting electricity costs amid power outages.

AngloGold shares surge after selling U.S. mine

Business Report | June 10, 2015

AngloGold Ashanti, the world’s third-largest gold producer, climbed its most in seven months after selling its Cripple Creek & Victor mine to Newmont Mining.

AngloGold, Newmont in talks over sale of Colorado mine

Cecilia Jamasmie | June 2, 2015
AngloGold, Newmont in talks over sale of Colorado mine

The sale would be one of the largest of a U.S. gold mine since the price of the precious metal began falling in 2013.

Global gold, copper, iron ore output down in Q1 — report

Cecilia Jamasmie | May 19, 2015
Global gold, copper, iron ore output down in Q1 — report

Much of the overall decline in reported gold output was due to a significant quarter-on-quarter production declines from AngloGold Ashanti, Goldcorp, and Sibanye Gold.

AngloGold Ashanti back to black

Cecilia Jamasmie | May 11, 2015
AngloGold Ashanti back to black

The miner, which is the world’s No.4 bullion producer, said unreasonable wage demands and escalating power costs in South Africa will likely push the country’s industry down the slippery slope.

AngloGold a step closer to selling U.S. mine

Cecilia Jamasmie | April 13, 2015
AngloGold a step closer to sell U.S. mine

Newmont, Kinross, Goldcorp and Iamgold among the companies said to be interested in all of part of Cripple Creek & Victor mine.

When it rains…Iron ore, gold miners the most vulnerable to Ebola risk

Cecilia Jamasmie | November 26, 2014
When it rains…Iron ore, gold miners the most vulnerable to Ebola risk

Report shows there are 39 assets in production within the Ebola-affected region.

South African miners to tackle lung disease claims

Cecilia Jamasmie | November 18, 2014
South African miners to tackle lung disease claims

They will look at compensation and medical care for workers with occupational lung disease or "silicosis."

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.

More »