AngloGold cuts exploration budget, to restructure Ghana mine

By Ed Stoddard JOHANNESBURG (Reuters) – AngloGold Ashanti, Africa’s top gold producer, said on Monday it would cut its exploration budget by more than half this year to focus on a few major projects and would restructure and lay off staff at its loss-making Obuasi mine in Ghana. AngloGold’s action follows a wave of cuts by mining companies around … Read more