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The full story: In-depth news and analysis

DRILLING POINTS TO MORE NEAR-TERM GROWTH AT SANTANA’S LEADING KIWI PROJECT

Explorer Santana Resources has highlighted significant near-term potential for further resource growth at its 100%-owned Bendigo-Ophir project in New Zealand’s South Island after drilling assays consistently surpassed past average grades at its Rise and Shine deposit.

GLENCORE’S $1.1B SALE OF COBAR MINE HERALDS NEW AUSTRALIAN BASE METALS EMPIRE

Global miner/marketer Glencore has reached binding agreement on the $US1.1B-plus-royalty sale of long-lived Cobar underground copper mine in Australia to special purpose funder Metals Acquisition Corporation.

NEWCREST SEES MORE DECADES AHEAD WITH GO-AHEAD FOR NEW CADIA STAGE DEVELOPMENT

Newcrest Mining has given the go-ahead for the next stage development of its flagship Cadia gold and copper mine in NSW, Australia after completing a feasibility study on its panel cave PC1-2 development.

GASCOYNE RESOURCES’ DALGARANGA A VICTIM OF THE PRESSURES ON WEST AUSTRALIAN MINES

Battling West Australian miner Gascoyne Resources will turn its focus to a financial restructuring and progressing higher-grade exploration assets to support a long-term mining plan after the sudden shutdown of its flagship Dalgaranga mine.

FIREFINCH ABOUT-TURN ON RECAPITALISATION SPELLS DEATH FOR MALI’S ‘GORILLA’ GOLD MINE

Australian-based miner Firefinch has given up on its efforts to recapitalise its 80%-owned Morila gold mine in Mali, almost certainly sending the mine once known as “Morila the Gorilla” into insolvency.

GROWING LINDA PROJECT TARGET HIGHLIGHTS ZINC POTENTIAL AT FLINDERS RANGE

New laboratory assays have doubled the size of the zinc soil anomaly target at critical minerals explorer Stelar Metals’ Linda zinc project in South Australia’s Flinders Ranges, with the scale and DSO grade indicating its potential for economic mineralisation at depth.

FALL OF GROUND AFTERMATH TRIGGERS ADMINISTRATION FOR RED RIVER’S THALANGA MINE

Australian miner Red River Resources has appointed administrators to its Thalanga zinc-copper-lead mine to tackle threats to its solvency due to continuing performance issues following a fall of ground incident nearly three months ago.

MALLEE RESOURCES REACTIVATES AVEBURY NICKEL MINE IN SIX MONTHS

Explorer Mallee Resources has joined the ranks of Australian nickel sulphide producers after making a successful start to the commissioning of the processing plant at its 100%-owned Avebury project in Tasmania.

MINERAL RESOURCES STILL PONDERING STRATEGIC OPTIONS FOR LITHIUM BUSINESS

Australia mining and services company Mineral Resources is continuing to evaluate “strategic options” for its rapidly growing lithium hard rock operations in the Pilbara and Goldfields regions of WA.

CAVALIER LIFTS HOPES FOR LEONORA PROJECT AFTER FIRST DRILL CAMPAIGN

West Australian explorer Cavalier Resources reports encouraging results in recent drilling that targeted extensions to the existing resource area at its 100%-owned Crawford gold project at Leonora.

CANNON RESOURCES PUTS OUT THE JV SHINGLE FOR WA’S COLLURABBIE PROJECT

West Australian explorer Cannon Resources has identified 55 areas of interest including potential targets for shallow geochemistry following analysis of historical geophysical data at its Collurabbie nickel-copper-PGE and gold project.

ELEVATE IDENTIFIES BIG URANIUM TARGET AT NAMIBIA’S KOPPIES PROJECT

Elevate Uranium has raised the potential to add significantly to its maiden 20.3Mlb U3O8 inferred mineral resource at its Koppies project in Namibia with the identification of a mineralised zone extending over 10km and up to 1,000m wide.

MID-2023 TARGET FOR APPROVAL OF HIGH-GRADE FEDERATION DEPOSIT UNDERGROUND MINE

Australian miner Aurelia Minerals has outlined the starting physical and economic picture for the development of an underground mine at its high-grade, low-cost Federation polymetallic deposit in the Cobar Basin of central-western New South Wales.

WA NICKEL EXPLORER ST GEORGE MINING JOINS THE TREND TO FOCUS ON LITHIUM

The first assays of visibly mineralised pegmatite rock samples have validated the potential for significant lithium mineralisation at St George Mining’s Mount Alexander project in the NE Goldfields of Western Australia.

KINGSLAND MINERALS DRILLING BREATHES LIFE BACK INTO CLEO URANIUM PROJECT

Australian explorer Kingsland Minerals has laid the foundation to grow the footprint of the Cleo uranium mineralisation based on initial assay results from its maiden drilling program in the historic Pine Creek mining region in the NT.

EXPLORATION SUCCESSES CARRY BELARAROX TO NEW PHASE IN NSW SEARCH

Australian explorer Belararox is considering the release of a mineral resource estimate next month as it progresses metallurgical testwork on targets at the historical Native Bee mine site, part of its 100%-owned Belara project in NSW.

MAGMATIC RESOURCES' MASSIVE INTERSECTION SHARPENS ITS CORVETTE FOCUS

Australian explorer Magmatic Resources has made an impressive start to its drilling campaign on the Corvette prospect at its Myall licence in NSW, delivering the highest-grade, broadest and deepest mineralised interval. Ross Louthean reports

SAMS CREEK PROJECT EMERGES AS AN UNDERGROUND PLAY FOR SIREN GOLD

Australian explorer Siren Resources is following up the potential for an underground development of Sams Creek, New Zealand's largest undeveloped gold project.

HARMONY GOLD BUILDS COPPER STRATEGY IN $230M AUSTRALIAN PROJECT BUY

South African-based Harmony Gold Mining reached agreement on the $230M acquisition of the Eva copper-gold project from Canadian owner Copper Mountain Mining, diversifying its commodity range and risk profile.

NEW TALISMAN MINES PREPARES TO REACH THE LIGHT AT THE END OF ITS TUNNEL

New Talisman Goldmines holds meetings with a range of industry specialists as it moves into detailed preparations for its strategic plan to produce gold from its NZ mine in 2023.
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AngloGold Ashanti Limited

Exchange Code: 
NYSE:AU; JSE:ANG; ASX:AGG; LSE:AGD
Website: 
http://www.anglogoldashanti.com

AngloGold Ashanti Limited

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AUSTRALIA’S SEPT 17 qtr GOLD PRODN EASES

Post date: 
11/28/2017 - 15:55

Newcrest maintains Australian gold production edge as the country’s Q1 18 output slides 1t on the previous qtr

MATSA RESOURCES: 10% SHARE BONUS CELEBRATES FIRST GOLD

Post date: 
11/21/2017 - 14:38

West Australian miner Matsa will give shareholders a free 1-for-10 bonus share issue to mark its first gold sales from the Fortitude Trial mine at its Lake Carey project near Laverton.
Exec chairman Paul Poli says it's a reward for Matsa's speedy progress to producer status.
Fortitude ore is purchased by AngloGold Ashanti and processed at its nearby Sunrise Dam gold plant.

STRONG Q3 KEEPS ANGLOGOLD PRODUCTION AND RESTRUCTURING ON TRACK

Post date: 
11/06/2017 - 16:03
Author Name: 
MBM Correspondent

Strong September quarter delivers cash-flow turnaround for AngloGold Ashanti and its portfolio restructuring programs.

ANGLOGOLD ASHANTI: STRONG Q3 KEEPS MINER ON TRACK

Post date: 
11/06/2017 - 14:06

International major AngloGold remains on track for its FY2017 production, cost and capital targets after posting Sept qtr (Q3) gold output of 997,000oz at AISC of $US1,071/oz, compared to 900,000oz also at $1,071/oz in Q3 FY2016.
Q3 sales of 979,000oz (898,000oz) at $1,277/oz ($1,344/oz) delivered gross profit of $205M ($236M). Free cash inflow was $88M.
FY2017 guidance remains 3.6-3.75Moz at $1,050-1,100/oz.

HARMONY GOLD: $300M DEAL FOR ANGLOGOLD ASHANTI ASSETS

Post date: 
10/19/2017 - 20:10

Big South African miner Harmony Gold Mining is buying AngloGold Ashanti’s producing underground Moab Khotsong and Great Noligwa gold mines, and other long life projects/tailings dams in South Africa’s Free State province, for $US300M cash.

ANGLOGOLD ASHANTI: MoU SIGNED ON POSSIBLE KOPANANG SALE

Post date: 
09/15/2017 - 22:21

International major AngloGold is contemplating the possible sale of the Kopanang gold mine, 3 months after announcing the Vaal River region project would be placed on care and maintenance as part of a restructure of its South African operations.
AngloGold says the signing of the MoU with a "selected party" came after it initiated a potential sale process based on a number of unsolicited expressions of interest.
If the sale proceeds, AngloGold says the mine would continue to operate under its new owner.

INDEPENDENCE'S NOVA MINE SET TO BE LOWEST-COST AUST NICKEL PRODUCER

Post date: 
09/08/2017 - 17:07
Author Name: 
MBM Correspondent

West Australian mines minister Bill Johnston has performed the official opening of the Nova nickel-copper-cobalt mine, Independence Group's contender to be the lowest-cost nickel producer in the country.

ORINOCO GOLD: ANGLO GOLD ASHANTI BACKS RAISING, LIFTS STAKE

Post date: 
09/06/2017 - 15:01

Australian explorer Orinoco Gold’s major shareholder/strategic partner, AngloGold Ashanti, is injecting another $A4M into Orinoco’s latest $7.98M capital raising to advance its Brazilian gold projects and lift its stake in the company from 17.1% to 18.1%.

ANGLOGOLD ASHANTI BACKS $8M ORINOCO RAISING

Post date: 
09/06/2017 - 14:54

Global miner AngloGold Ashanti is maintaining its backing of Orinoco Gold and its Brazilian operations with another $4M, lifting its stake in the company to $18.1%

AUSTRALIA GOLD: SLOW FY17 PRODN RISE TO 299t

Post date: 
08/29/2017 - 15:15

Australia’s 2016/17 year (FY17) gold production continued its slow almost 2.5% upward trend on the previous year to 299t (9.6Moz), worth around $A16B. according to Melbourne-based gold mining consultants Surbiton Associates. June qtr (Q4 17) output was up 5% to 75t from the rain-affected Mar 2017 qtr (Q3 17).
However, Surbiton director Dr Sandra Close warns there is a real concern in the gold sector that higher royalties may be imposed, which would have negative economic consequences, undermine confidence and discourage investment.

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US GOVERNMENT BACKS IONEER PROJECT AS KEY TO CRITICAL MINERALS SUPPLY SECURITY

(DEVELOPMENT) The US government has recognised the potential value of Ioneer’s Rhyolite Ridge lithium-boron project in Nevada to the national push for security of critical minerals supply with the offer of a $700M development loan.

SAUDI MINING GIANT SEEKS MORE GROWTH THROUGH INTERNATIONAL PARTNERSHIPS

(EXPLORATION) Saudi Arabia’s majority government-owned mining company Ma’aden has unveiled three new initiatives using partnerships with international miners and the nation’s massive investment capacity to advance a new phase of domestic and international growth.

GLOBAL COAL USE REACHING ALL-TIME HIGH ... BUT INDUSTRY TRENDS POINT TO RAPID DECLINE

(COMMENTARY) The global use of coal for electricity generation will hit record levels this year, but lack of new investment in export-driven coal projects supports the expectation that peak coal has been reached and will rapidly decline in the face of global pressure on fossil fuels.

THE YOUNG AUSTRALIANS WHO WON A HUMAN RIGHTS CASE AGAINST AN ENORMOUS COAL MINE

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AUSTRALIAN COURT SETS NEW ‘RIGHTS’ STANDARD TO BLOCK PALMER'S THERMAL COAL MINE

(ENVIRONMENTAL) Australian natural resources court adopts climate change and human rights arguments to oppose giant thermal coal mine development.

ABB ENLISTS PERENTI FOR MINING ELECTRIFICATION PUSH TOWARDS NET ZERO EMISSIONS

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