AngloGold profit drops after SA cost blowout

2017-05-08 10:26

AngloGold Ashanti says earnings have declined after costs surged 44% at its South African operations, which made their first loss since 2012.

AngloGold's focus on profit margins paying off - CEO

2017-02-07 19:17

AngloGold's focus on improving profit margins regardless of the lower metal price environment has paid off, as is evident from the company’s positive cash flow, says its CEO.

AngloGold puts mine spending over M&A deals as profits rebound

2017-01-23 10:18

AngloGold Ashanti plans to focus on extracting more metal out of its existing mines, rather than using deals to expand.

ANC Women's League accuses Pityana of state capture

2016-10-07 14:43

The ANC Women's League has accused AngloGold Ashanti chairperson Sipho Pityana of state capture and trying to affect a coup d'état through monopoly capital.

Market-beating SA fund gains 110% on gold revival

2016-08-22 16:50

Old Mutual's Meryl Pick’s Gold Fund has gained 110% this year, beating the average 2.6% across South African investments tracked by Bloomberg.

Mining industry supports unclaimed benefits efforts - lung disease group

2016-07-25 19:25

The Occupational Lung Disease Working Group says it actively supports national departments to ensure former mineworkers can claim all their benefits.

Silicosis: Clarity on Q(h)ubeka Trust payouts

2016-05-22 16:20

A law firm has clarified how sick former miners who reached a landmark settlement in their battle against Anglo American and AngloGold Ashanti will be compensated.

AngloGold first-quarter earnings fall on output drop

2016-05-09 08:46

AngloGold Ashanti says earnings before interest, tax, depreciation and amortisation decreased to $378m as it produced less and the price of bullion declined.

SA gold mines get stable outlook from S&P's

2016-04-25 19:40

Standard & Poor's has revised their outlook from negative to stable for miners AngloGold Ashanti and Gold Fields.

AngloGold: New mine partner requires investment deal

2016-02-10 15:30

AngloGold Ashanti says it will not look for a new joint venture partner for its Obuasi mine in Ghana until it has an investment agreement with the government.


Mining firms told to put safety above output

2017-02-09 13:36

Mining companies globally have a responsibility to make sure increased productivity doesn’t increase fatalities and accidents, says an industry expert.

Zwane up in arms over R26m claim

2017-01-29 06:00

Sibanye Resources’ decision to sue government officials for an allegedly unwarranted safety shutdown is sparking a new feud in a sector infamous for straining business-government relations.

AngloGold Ashanti shows strong cash recovery in Q3

2016-11-14 11:12

In the third quarter of 2016, AngloGold Ashanti's cash inflow from operating activities was 59% up on the same quarter in 2015.

Piet Olivier: Why Anglogold’s Sipho Pityana has not committed treason

2016-09-23 15:15

Legal researcher Piet Olivier explains in three simple steps why Jimmy Manyi's trumped-up charges against Anglogold Ashanti chair Sipho Pityana hold no merit.

AngloGold profit more than doubles

2016-08-15 08:31

AngloGold Ashanti has said first-half profit more than doubled as a higher gold price boosted revenue and a weaker rand relative to last year lowered costs.

AngloGold plans to buy back $475m of high-yield bonds

2016-06-28 13:10

AngloGold Ashanti says it plans to redeem about $475m outstanding on a $1.25bn high-yield bond that was issued in 2013.

We use off-shore entities to mitigate 'double tax' - AngloGold Ashanti

2016-05-18 11:55

AngloGold Ashanti uses off-shore entities, but only to mitigate paying tax twice after complying with the tax laws in countries where it is based, the company says.

AngloGold files dispute with Ghana on illegal miners

2016-05-06 09:52

AngloGold Ashanti has filed a dispute with Ghana at an international panel due to the country’s failure to protect the company’s Obuasi operation from illegal miners.

AngloGold concerned over Ghana mine looting

2016-04-13 14:38

AngloGold Ashanti says it has "grave and mounting concerns" about illegal mining at its Obuasi mine in Ghana.

Randgold pulls out of Ghana joint venture deal

2015-12-21 11:03

Randgold Resources has informed AngloGold Ashanti that it wishes to terminate an agreement for a joint venture to redevelop the Obuasi mine in Ghana.

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