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Sat,18Nov2017

AngloGold Ashanti

Mothballed Ghana gold mine reveals risk of reliance on minerals

File photo©Felipe Dana/AP/SIPA - In this Nov. 17, 2015 photo, artisanal miners separate gravel with sieves as they search for diamonds at an abandoned mine in Areinha, Minas Gerais state, Brazil. During the weeks-long mining process, the group excavates the soil down to a layer of gravel of up to 50 meters (yards) deep. Two years after AngloGold Ashanti suspended production at its giant but loss-making gold mine in Obuasi, central Ghana, the boom of underground explosions has resumed.

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Top Mining Companies: Slow crawl of the juggernauts

Photo©Nadine Hutton/Bloomberg via Getty ImagesAfter a difficult year of cost-cutting, mining companies are now under pressure to reduce their workforces and close unprofitable mines.

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Mining: AngloGold's Ghana mine partner, Randgold requires investment deal for Obuasi

Africa's top gold producer AngloGold Ashanti said on Wednesday that it would not look for a new joint venture partner for its Obuasi mine in Ghana until it had an investment agreement with the government.

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Interview: The landlord never chases away those who pay the rent - Mark Bristow

Photos© Jason Alden/Bloomberg via Getty ImagesBristow's opposition to changes in the mining code that could discourage investment appears to have paid off. now the head of the London- and NASDAQ- listed miner is looking for new opportunities in the country

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Mining: South Africa's AMCU union to vote on gold strike

South Africa's Association of Mineworkers and Construction (AMCU) will decide on Sunday if its members in the ailing gold sector will go on strike, a move that will be contested by two of the three producers it has reached an impasse with over wages.

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Wage talks begin in ailing South African gold sector

Photo©ReutersWage talks between South African bullion producers and unions started on Monday, with both sides far apart, setting the stage for protracted wrangling in the ailing industry.

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South Africa gold producers to propose social pact to unions in wage talks

South African gold producers will present unions with an "economic and social sustainability pact" when wage talks kick off on Monday, the chief negotiator for South Africa's Chamber of Mines said on Thursday.

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AngloGold makes U-turn on restructuring after shareholder revolt

Billonaire hedge-fund manager John Paulson was one of the most outspoken critics of AngloGold's abortive plans. Photo©ReutersSouth Africa-based AngloGold Ashanti has pulled the plug on a planned restructuring only five days after announcing it, following a shareholder revolt against the plan for a new London-listed company and a $2.1 billion rights issue.

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Mine workers postpone strike at AngloGold's Mali mines

Mine workers at AngloGold Ashanti's Sadiola and Yatela gold mines in Mali have postponed the start of a planned strike for a few days to allow negotiations over redundancy payouts, a union official said on Monday.

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Mining: Precious little to celebrate

Mining turnover dropped by 9.4% in 2012, and companies are now dealing with the threats of industrial action and utility tariff increases.

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AngloGold Ashanti changes tactics

AngloGold Ashanti, one of the top gold-producing companies in Africa, is battling to hedge itself against falling gold prices by retrenching workers in Ghana and selling one its mines in Namibia.

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South Africa: Crippling strikes to hemorrhage mining and construction sectors

File Photo©ReutersSouth Africa's gold mining and construction sectors are bracing for a crippling strike following the collapse of wage negotiations.

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Can SA's Eskom keep the lights on?

The 4,800MW Medupi coal-fired plant is two years behind in its construction schedule/Photo©SIPHIWE SIBEKO/REUTERSFive years after blackouts shut down mines, South Africa continues to rely on Eskom for 95 percent of its power.

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Miners after Marikana: We all have to do stuff differently - Mark Cutifani

Mark Cutifani has been named as the new chief executive of mining company Anglo American/Photo©Bruno Levy for JAMark Cutifani was named on Monday, January 8, as the new chief executive of mining company Anglo American, with effective from April 2013. The Australian is the current president of South Africa's Chamber of Mines, and joins the global group from AngloGold Ashanti. The Africa Report interviewed him in November 2012 at The Africa CEO Forum in Geneva about how miners in South Africa are reassessing their operations.

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