AngloGold Mining News

AngloGold plans to sell last South Africa mine as era closes

AngloGold announced on Thursday that it’s in the early stages of a sales process for Mponeng, the world’s deepest mine and its last underground operation in South Africa.

AngloGold to comply with South Africa mining rights directive

The world’s No. 3. gold producer may have contravened black economic empowerment rules tied to its mining rights when it awarded a 4.5 percent stake to employees instead of 6 percent.

South Africa's AngloGold looks to streamline assets, Argentine mine up for sale

It is very important that we can see the assets in our mix have long-term potential and to the extent that they don't or there is other strategic reasons to disinvest, we will do that.

AngloGold to pour first gold at Obuasi mine by year end

The miner has completed the first week of underground development blasting at its Obuasi mine, in Ghana.

Africa Mining Indaba: 'Let's talk,' Ramaphosa tells producers

Executives, investors and government officials meet in Cape Town this week at the African Mining Indaba, the continent’s biggest gathering of one of its most essential industries.

Gold miners get their mojo back as giant deals revive allure

After years on the sidelines, gold producers are suddenly the mining world’s hottest topic as the industry gathers in Cape Town this week.

AngloGold faces South African dilemma as M&A gold rush quickens

AngloGold is considering hiving off its South African operations and listing in London or Toronto.

Monster gold-mining deals pile pressure on those left behind

“The question becomes now, will there be a domino effect?”

AngloGold is said to weigh London listing, South Africa exit

Listing in London would give AngloGold exposure to a big pool of investors with very few options to buy into gold equities.

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.