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AngloGold shares pop up as equity raising ditched, Colombian unlocking mooted

By: Martin Creamer The shares of gold major AngloGold Ashanti rose more than 5% in less than an hour on Monday after the company announced the withdrawal of its five-day-old proposal to demerge 35% of its international assets and raise $2.1-billion in equity capital and was considering partnering to unlock value... 

Restructure, recap able to deliver more bang for buck – AngloGold

By: Martin Creamer The restructured and recapitalised AngloGold Ashanti would be able to deliver more bang for the buck as the South African operations morphed from six to three and the international assets were cut loose to strut their own stuff, an upbeat CEO Srinivasan Venkatakrishnan (Venkat) outlined following... 

Implats defers production target, reviews capex, ups new technology plans

By: Martin Creamer Strike-impacted platinum-mining company Impala Platinum (Implats) has deferred its 850 000 oz Rustenburg production target, is reviewing its capital expenditure (capex) programme intensively and is going all out to ramp up its post-strike restart to 250 000 oz of platinum from Rustenburg in the... 

Exciting new AngloGold Ashanti technology produces first gold 

By: Martin Creamer The exciting new South African gold-mining technology that has the potential to change the face of South Africa’s struggling precious metals mining business, has produced its first gold. AngloGold Ashanti, South Africa’s biggest gold mining company, which produced this pioneering gold at its Tau... 

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