AngloGold Mining News

AngloGold may sell Mali mine after failing to agree investment

AngloGold says it has started the process of selling the Sadiola mine, a joint venture with IAMGOLD.

Barrick-Randgold deal breathes new life into gold

Toronto-based Barrick announced it would purchase Randgold for a spectacular $6 billion.

South African unions sign wage deal with AngloGold Ashanti

Three-year wage deal may inch the country's gold industry a closer to ending a standoff over pay.

Ghana OKs AngloGold plan to reopen mine that battled illegal miners

The country's environmental protection agency has issued permits for AngloGold's Obuasi mine, paving the way for its redevelopment.

S. Africa gold miners, workers reach settlement in historic silicosis case

The parties said they believed an out-of-court settlement was far preferable for all concerned than an inevitably lengthy and expensive litigation process .

S.Africa gold miners to sign silicosis lawsuit settlement this week

Most claimants are black miners from South Africa and neighbouring countries such as Lesotho, whom critics say were not provided with adequate protection during and even after the Apartheid ended in 1994.

Billionaire Agarwal hires AngloGold's CEO to run Vedanta

Agarwal, who has been hunting for a new Vedanta CEO for more than a year, has consistently sought talent from the world’s biggest miners.

South Africa's AngloGold backs Randgold's negotiations with Congo govt

Mining companies operating in the country vigorously oppose new code to be signed into law.

AngloGold to revive Ghana mine that battled illegal miners

Obuasi is expected to start gold production by the third quarter of 2019.

Harmony Gold says Moab Khotsong mine purchase to boost cash flows

The $300 million deal, which incorporates the Great Noligwa underground mine and related infrastructure, is expected to boost Harmony's operational cash flow by 60%.

Anglogold Ashanti to raise $307 million with South African mine sales

It will sell its newest mine to Harmony Gold for $300 million and another mine for 100 million rand ($7.4 million) to China's Heaven-Sent SA Sunshine Investment Company.

AngloGold taking Tanzania to UN court over country’s new mining law

The miner said it continues to seek a “constructive dialogue” with the country's government to gain assurance that its operations will not be affected by newly enacted mining law.

Tanzania suspends granting of new mining licences

President John Magufuli has also ordered the mining ministry to freeze the renewal of expired permits.

South Africa blames AngloGold, Sibanye of refusing to comply with safety laws

Mines minister Mosebenzi Zwane noted that 19 of the 73 miners who died in South Africa last year lost their lives at operations run by those companies.

AngloGold loses 74,000oz during third quarter

Safety related stoppages in South Africa take part of the blame for year-on-year fall in production at world's third largest gold miner.

Illegal miners refuse to leave AngloGold’s Obuasi operation

Experts say Ghana's government is unlikely to do anything before the upcoming presidential election on Dec. 7 for fear of losing votes.

South African gold miners can appeal silicosis ruling

They will appeal verdict that paved the way for about half a million current and former miners to proceed with a multi-million-dollar suit, which seeks compensation for those who contracted lung diseases.

South African gold firms file plea to appeal lung disease class action

The class action the firms want to appeal to, paves the way for thousands of current and former miners suffering from silicosis and tuberculosis to seek damage compensation from the companies.

South African gold miners to appeal ruling in silicosis case

If the class action goes ahead, it will affect almost every gold mine in South Africa, including their parent companies, covering their conduct over the last 50 years.

South African gold miners to appeal silicosis ruling

They will dispute the country's High Court decision last month to allow a class action suit seeking damages for up to half a million miners who contracted silicosis and tuberculosis.

South Africa allows biggest ever class action against gold giants to go ahead

High Court decision opens the way for up to 500,000 current and former miners to pursue a multi-million-dollar lawsuit against mining companies over respiratory diseases contracted at work.

Half of South Africa’s gold mines operating at loss — report

Experts believe the troubles affecting gold producers in South Africa go way deeper than a slump in prices for the metal or the usual cycles the mining industry experiences.

AngloGold shares surge after selling U.S. mine

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.

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.

South African miners to tackle lung disease claims

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