AngloGold Ashanti Limited
AngloGold Ashanti Limited
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Specialist contractor African Mining Services will extend its involvement with AngloGold Ashanti’s 275,000ozpa Iduapriem openpit gold mine in western Ghana for a further 5 years following the award of a new $US470M contract to its newly established AMAX JV with leading local company Maxmass.
Its 60% share of the contract will add over $280M to the work in hand for AMS, which has been active at Iduapriem since 2012.
Mali’s Morila mine, once one of the world’s highest grade gold producers for majors Barrick Gold and AngloGold Ashanti, has passed a significant operation milestone with the successful first production blast for new owner Firefinch by contractor EGTF.
Gold major AngloGold Ashanti has made a $US370M, $C4.00ps cash takeover bid for the 80% of shares it does not already own in Canadian miner Corvus Gold and its North Bullfrog, Mother Lode and other exploration assets located in southern Nevada, US.
These assets are close to, or contiguous with, AngloGold’s exploration assets of Silicon, Transvaal and Rhyolite.
Global major AngloGold Ashanti has selected former Orica chief executive and past BHP senior executive Alberto Calderon as its new CEO following a comprehensive year-long search that began with the mid-2020 resignation of former leader Kelvin Dushnisky.
Calderon will replace interim CEO Christine Ramon, who will revert to her role as chief financial officer.
Gold miner AngloGold Ashanti says the body of a mineworker who went missing after a ground collapse at its Ghanaian Obuasi mine has been found, Reuters reports.
The company said the body of the mineworker was discovered by rescue teams on Saturday after suspected pillar failure on May 18. AngloGold, which has suspended its annual production/cost guidance for the mine, says underground mining operations will remain suspended until it is declared safe to resume.
Regis Resources has completed its $A903M cash acquisition ($889M after adjustments) of 30% of AngloGold Ashanti’s 400,000oz-plus gold Tropicana project, 330km ENE of Kalgoorlie in Western Australia, from IGO.
The acquisition of one of Australia’s 5 largest producing gold mines was funded by a $650M equity raising and a $300M, 3-year loan facility from the Bank of America. AngloGold decided not to exercise its pre-emptive right over Tropicana.
Mine rescue teams are working in difficult geotechnical conditions to search for a missing worker following a fall of ground on Tuesday morning in one of the mining stopes at AngloGold Ashanti’s Obuasi gold mine in Ghana.
All mining activity has been suspended and authorities notified.
Contractor Perenti Global confirmed the missing person is an employee of African Underground Mining Services, its 70%-30% JV with Ghanaian contracting company Rocksure.
Australian-based Firefinch has outlined higher production for longer in a new life of mine plan for the Morila gold project in western Mali that it acquired as a worked-out deposit from majors Barrick Gold and AngloGold Ashanti for $US29M six months ago.
The acquisition by Regis Resources of a 30% stake in AngloGold Ashanti’s Tropicana gold mine in Western Australia will go ahead after the South African-based international gold major chose not to match the $A903M price being paid by the local producer.
Regis agreed last week to acquire the minority stake in the 400,000oz-plus project for $A903M from current holder IGO, subject to AngloGold’s pre-emptive right right to match the offer.
Australian-based miner Firefinch has made a major step towards the resumption of mining at its 80%-owned Morila Superpit in Mali with the start of dewatering the site that produced 7.5Moz gold for former owners Barrick Gold and AngloGold Ashanti between 2000 and 2020.
Since completing the $US28.9M acquisition of the mine 6 months ago, Firefinch has ramped up production through its 4.5Mtpa mill initially from tailings retreatment and moving on shortly to satellite openpits and stockpiles.