https://www.miningweekly.com

PULLING GOLDEN LEVERS

16th August 2013

By: Martin Creamer

Creamer Media Editor

  

Font size: - +

New AngloGold Ashanti CEO Srinivasan Venkatakrishnan (Venkat) is seen telling the media of the revenue and cost-cutting levers he will be pulling in the next 18 months. Revenue will be leveraged by 550 000 oz of new gold from the Tropicana project, in Australia, and the Kibali project, in the Democratic Republic of Congo at a cost of below $700/oz. Cost will be cut by $482-million in 2014 by lowering project and exploration spend and reducing the 2 000 corporate headcount by 40% to 1 200, a reduction of 800 positions.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Hanna Instruments (Pty) Ltd
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 
Kriel Occupational Health Centre
Kriel Occupational Health Centre

Occupational health services, mobile clinics, wellness campaigns, aviation.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 23 October 2026
Magazine round up | 23 October 2026
23rd October 2026

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

➕

➕

➕

➕

➕

RESEARCH CHANNEL AFRICA

SUBSCRIBE

➕

➕

➕

➕

➕

➕

➕

➕

➕

➕

CORPORATE PACKAGES

CLICK FOR A QUOTATION

➕

➕







sq:0.039 0.06s - 110pq - 2rq
Subscribe Now