The miner has completed the first week of underground development blasting at its Obuasi mine, in Ghana.
AngloGold Ashanti Mining News
The company was not carrying out mining exploration at the site.
The announcement was made after both companies confirmed the original terms of an earn-in agreement they signed back in 2017.
“The sequence of events that led to the closure of the mine will not recur under the watch of this government.”
Bloomberg speculated two South African firms could combine to create 6 million ounce per year producer as merger fever grips the gold mining industry.
AngloGold is considering hiving off its South African operations and listing in London or Toronto.
A prefeasibility study into the development of a mine beneath the Boston Shaker pits confirmed the technical and financial viability of an underground mine at AngloGold Ashanti and Independence Group's Tropicana operation.
According to Forjando Futuros foundation, the forced displacement was ordered by the companies but executed by either the National Army or the guerrilla.
Full operation begins October 31.
Three-year wage deal may inch the country's gold industry a closer to ending a standoff over pay.
The government considers minerals with the "strategic" designation important for the economic, social and industrial future of the country.
Operations have resumed at AngloGold Ashanti's Siguiri gold mine in Guinea
Kelvin Dushnisky, who leaves Acacia and its parent company Barrick, assumes as South Africa’s AngloGold Ashanti (JSE:ANG) new boss next week.
Wage negotiations in the gold sector are at a deadlock and the South Africa's National Union of Mineworkers (NUM) has declared a dispute, a move that is one step short of a strike.
The turnaround in performance was mainly the product of increased output, reduced net debt and lower-than-expected restructuring costs.
Dushnisky will join AngloGold in September, ending the search to replace Srinivasan Venkatakrishnan, who left the world’s third-biggest gold miner in April to run India’s Vedanta.
The latest Mining Charter doesn’t provide solutions to the industry’s challenges and will make it difficult for companies to buy and sell assets.
Producers have been giving above-inflation wage hikes for years, adding to the cost burden of an industry that has been battling in the face of depressed prices, labour unrest and soaring power bills.
The country's environmental protection agency has issued permits for AngloGold's Obuasi mine, paving the way for its redevelopment.
Additional cuts are to come across mines and towns in South Africa, once the world’s biggest producer of gold.
The two separate decrees aim at making the local industry more competitive and sustainable, while while implementing rules on the collection of higher mining royalties.
Michel Temer is expected to issue a decree next week introducing key changes to mining rules that date back to the 1960s.
Congo's prime minister wants to immediately implement the new mining code without any concessions to industry demands that key provisions be amended.
The Shareholders Gold Council (SGC), expected to be launched as early as June, will have more than a dozen investors.
Despite its insatiable appetite for materials, India is yet to impose itself among the mining heavyweights like Australia, China or even the U.K.