Cutifani says policies on way to support robust SA mining industry

The CEO of South Africa’s largest gold-mining company expressed confidence on last week that a new policy structure in the making would support the development of a robust mining industry in South Africa.

AngloGold Ashanti CEO Mark Cutifani...

Resources Watch

This week: Amplats tests a fuel cell-powered locomotive at its Rustenburg mine. AngloGold Ashanti says policies are on the way to support a robust South African mining industry. And, Caterpillar’s boss is upbeat about Africa’s future.

Gold to lose more glitter in 2012, says Natixis

With many metals having erased their 2012 gains this month, French bank Natixis failed to paint a much rosier outlook for the rest of the year in its latest quarterly review, calling for gold to average $1 540/oz. Copper, often used to gauge the...

Policies on way to support robust SA mining industry – AngloGold Ashanti

The CEO of South Africa’s largest gold-mining company expressed confidence on Thursday that a new policy structure in the making would support the development of a robust mining industry in South Africa. AngloGold Ashanti CEO Mark Cutifani...

Company Announcement: AngloGold First Quarter Earnings Double To $429m, approves $1.9bn Growth Projects

AngloGold Ashanti posted first-quarter adjusted headline earnings of $429m, more than double the same period a year earlier, and approved the development of three growth projects.

AngloGold misses production target as safety stoppages bite

JSE-listed AngloGold Ashanti produced 980 000 oz of gold during the first quarter of 2012 – falling short of its 1.03-million-ounce production forecast. The company on Tuesday said that safety stoppages, and the subsequent ramp-up associated...

Company Announcement: AngloGold Ashanti First Quarter 2012 Production Update

On 15 February 2012 AngloGold Ashanti, at the time of its full year 2011 earnings release, guided first quarter 2012 gold production at 1.03Mozs at total cash costs of $820/oz - $835/oz at an average exchange rate of R7.40/$, BRL1.70/$, A$1.01/$,...

Company Announcement: Acquire Mine Waste Solutions from First Uranium Corporation

AngloGold Ashanti has agreed to acquire First Uranium (Pty) Ltd (South Africa) (“FUSA”), a wholly owned subsidiary of Toronto-based First Uranium Corporation (“FIUC”) and the owner of Mine Waste Solutions (“MWS”), a recently...

Asset sales at the end of First Uranium’s tunnel

After a painful ride over the past two-and-a-half-years, First Uranium has decided to put itself out of its own misery, announcing on Tuesday it is selling off its assets to Africa’s biggest gold producer AngloGold Ashanti, and JSE- and...

R6BN GOLDEN GOAHEAD

AngloGold Ashanti will spend more than R6-billion in the next five years to extend the life of two cornerstone South African gold mines. The board has approved the go-ahead of the second phase of the $395-million Moab Khotsong Zaaiplaats project...

Company Announcement: AngloGold Ashanti Profit Surges to Record $1.3bn; Doubles Dividend

(ANGLOGOLD ASHANTI) – AngloGold Ashanti posted record full-year adjusted headline earnings* of $1.3m and boosted its dividend to further improve cash returns to shareholders.

AngloGold profit surges to record $1.3bn, dividend doubles

The full-year profit of Africa’s biggest gold miner, the JSE-listed AngloGold Ashanti, has surged to a record $1.3-billion and the dividend has been doubled. The full-year dividend of 380 South African cents a share compares with the 2010...