AngloGold swung to a profit ahead of leadership handover
AngloGold Ashanti swung to a profit and is in “good shape” before its incoming chief takes the helm, according to outgoing Chief Executive Officer Srinivasan Venkatakrishnan.
Srinivasan Venkatakrishnan
Indian billionaire Anil Agarwal hires AngloGold’s CEO to run Vedanta
Agarwal, who is also mining giant Anglo American Plc’s biggest shareholder, had been searching for a candidate to lead Vedanta since announcing that former Rio Tinto Group CEO Tom Albanese was stepping down.
Mining woes: AngloGold Ashanti to restructure SA ops, 8500 jobs at risk
AngloGold Ashanti signalled earlier this year that it would review its SA gold-mining operations in light of heavy, and ultimately unsustainable, losses.
Underperforming SA mine operations, surging costs hurt AngloGold profits
AngloGold Ashanti said first-quarter earnings declined after costs surged 44% at its South African operations, which made their first loss since 2012.
SA gold mining will be dead by 2033 if it fails to adopt tech – industry expert
Automation and tech can help boost SA’s gold production levels, especially as the country still has the third largest reserves in the world, say experts.
Gold’s rebound reflected in AngloGold results – promising dividends again
AngloGold Ashanti will consider resuming dividend payments next year after a four-year hiatus as a higher bullion price, weaker currencies in countries where it operates and lower interest payments boost the free cash flow of the world’s third-largest miner of the metal.
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
Time to buy Anglogold Ashanti – A Doubting Thomas changes his mind
Cape-based financial advisor David Melvill keeps his friends and associates well informed. He often drops me a line about his latest thinking – usually supporting a bullish view on gold shares. His latest article deserves to be shared. Drawn from research compiled by Trinity Asset Management’s Quinton George, it focuses on the attractions of the … Read more