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The full story: In-depth news and analysis

MINCOR TARGETS KAMBALDA NICKEL REVIVAL TO MEET GLOBAL ENERGY DEMAND GROWTH

Australian nickel specialist Mincor Resources is promising an exciting ride for Western Australia’s renowned Kambalda nickel province following board approval to end a five-year shutdown and redevelopment of its Kambalda Nickel Operations.

CALIDUS EARLY WORKS START ADVANCES WARRAWOONA GOLD PROJECT

West Australian developer Calidus Resources has named preferred contractors Macmahon (opencut mining and civil) and GR Engineering (process plant) as it begins construction work ahead of schedule on its Warrawoona gold project in the East Pilbara.

PARAMOUNT FS FLAGS OREGON’S 1st GOLD MINE

New study backs Oregon’s 1st gold mine, Paramount Gold’s $130M underground operation producing 362,000oz gold/425,000oz silver over an initial 8-year LoM

RED 5 TARGETS EARLY 2021 CONSTRUCTION START AFTER POSITIVE KING OF THE HILLS STUDY

Three years after the Philippines government’s anti-mining policies forced it to leave its Siana gold mine, completion of a strong feasibility study at King of the Hills sets Red 5 on track to become a significant mid-tier Australian gold producer. John Feary reports

$70M RAISING TO FUND MALI GOLD MINE ACQUISITION

Lithium aspirant Mali Lithium gets new major shareholder in Resolute Mining as part of a $70M raising to secure 80% of the Morila Gold Mine in Mali and is already talking strategeic partnership. By Mark Mentiplay

FUNDING AND EQUITY ISSUES KILL NEW CENTURY PLAN TO REVIVE VALE’S NEW CALEDONIA MINE

Australian miner New Century Resources rules out a binding offer to acquire and revive Vale’s struggling Goro nickel and cobalt operation in New Caledonia.

IRONBARK STUDY BACKS WORLD-LEADING FUTURE FOR GREENLAND’S ZINC-LEAD PROJECT

Mine planning optimisation study supports Ironbark Zinc’s case for its Citronen project on the remote northeast coast of Greenland to be a major zinc and lead development.

MALI LITHIUM TO PAY $27M FOR BARRICK-ANGLOGOLD 80% STAKE IN MORILA GOLD MINE

Little-known Australian explorer and developer Mali Lithium aims to find a new lease of life for the Malian gold project that was once known as Morila the Gorilla after agreeing to pay international giants Barrick Gold and AngloGold Shanti $US22M-plus for their combined 80% stake.

MORE FY 20 GOLD GUIDANCE CUTS FOR OCEANAGOLD

Gold miner Oceanagold has again cut FY 20 output expectations for its global operations in the wake of the COVID-19 pandemic

REGIS RECORD FY 20 PROFIT DESPITE GOLD FALL

A $435oz jump in the gold price has seen Regis Resources’ FY 20 profit jump 22% to $200M

STRONG GOLD ACTIVITY DRIVES CONTRACTOR MACMAHON TO RECORD FY20 PROFITS

Australian-based international mining services contractor Macmahon has ridden the increased gold and gold-copper activity to record earnings and cash-flow in the June 2020 financial year. John Feary reports

BIG PERSEUS FY 20 PROFIT JUMP TO $94.4M DESPITE GOLD FALL

Increased sales revenue and lower costs for Perseus $87M FY 20 profit jump to $94.4M, with Yaouré on the production horizon

WESTERN AREAS FY 20 PROFIT HIGHEST IN 7-YEARS

Nickel miner Western Areas more than doubles FY 20 profit in the face of lower production and higher costs. By Mark Mentiplay

NEW RECORDS AS FMG LIFTS FY 20 PROFIT 49% TO $4.7B

A string of FY 20 records, topped by a 49% profit jump to $4.7B on record shipments, has FMG expecting more of the same in FY 21. By Mark Mentiplay

ATLANTIC GOLD CUSHIONS ST BARBARA FY 20 PROFIT FALL TO $128M

Recently acquired Atlantic gold has lifted FY 20 gold production to offset lower output from St Barbara’s Australia/PNG operations and ease the FY 20 profit fall

COVID-19 KICKS HOCHSCHILD H1 20 DOWN $25.6M TO $9M LOSS, DOWN 154% ON H1 19

Covid-19 wreaks havoc on Hochschild’s H1 20 bottom line with all production way down for a $9M loss, down 154% on H1 19

RECORD NORTHERN STAR YEAR, UNDERLYING PROFIT UP 69% TO $291M

Triumphant FY20 results and more cash for shareholders as Northern Star exceeds most expectations on record profit, EBITDA and mine cash flow. By Mark Mentiplay

BHP ENDS CHALLENGING YEAR WITH SHARPENED FOCUS ON HIGH END OF MET COAL MARKET

After seeing FY20 revenue and profits slip under the challenges of the COVID-19 impacts on the world economy, BHP joins the flight from under-pressure thermal coal production but sees continuing strong demand for high-quality metallurgical coal.

NEWCREST FY 20 PROFIT JUMP UNDERSCORES YEAR OF INVESTMENT

Despite a 13% drop in gold production, partially offset by a rise in copper output, Newcrest has managed a 34% jump in underlying profit to $750M

RED LAKE RESOURCE UPGRADE PUSHES EVOLUTION TOWARDS 3-YEAR GROWTH FORECASTS

Aspiring Australian-based global mid-tier gold miner Evolution Mining is using its own underground mining experience and other operations to “recover” previously disregarded resources at its recently acquired Red Lake gold mine in Canada.
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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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Related Content

IAMGOLD: $105M MALI GOLD J/V SALE TO ALLIED GOLD

Post date: 
12/23/2019 - 21:46
 

Gold miners IAMGOLD and AngloGold Ashanti (AGA) are selling their collective 82% stake in Société d’Exploitation des Mines d’Or de Sadiola (SEMOS) and its producing Sadiola Sulphides Gold Project in Mali to Allied Gold for $US105M cash.

ANGLOGOLD ASHANTI: UP TO 400,000oz pa FLAGGED FOR NEW GHANA MINE

Post date: 
12/20/2019 - 18:45
 

AngloGold Ashanti expects its Obuasi Gold Mine in Ghana to produce about 350,000oz-400,000oz pa for the 1st 10-years, after its 1st gold pour since it was suspended 5-years ago.
The initial capex for the mine, which has been in the process of redevelopment since last year, remains at $US495M-$545M. The company estimates that following a ramp-up period, it expects a rate of 2,000tpd during 2020, climbing to 4,000tpd by year-end.

FLOODS/POWER CUTS HIT SA MINING PRODUCTION

Post date: 
12/11/2019 - 17:16
 

Widespread flood-generated power cuts are shutting down mining operations across South Africa

AUSSIE SEPT QTR GOLD PRODUCTION EASES

Post date: 
12/02/2019 - 12:39
 

Analyst flags Dec 2019 qtr Australian gold output rise after Sept qtr fall as local gold mine control doubles to 60% from 2002

ANGLOGOLD ASHANTI: SITE INVASION HALTS GUINEA MINE

Post date: 
11/17/2019 - 13:04
 

A minesite invasion by local community members has forced AngloGold Ashanti to suspend mining operations at its 85%-owned Siguiri openpit oxide gold mine in Guinea.
The protest by members of the Fatoyah community on Friday was sparked by a dispute over a road.
Company spokesman Stewart Bailey told Reuters talks were being held with community leader seeking to resolve the dispute.
Siguiri, about 850km N of Conakry, produced 242,000oz gold in 2018.

MATSA RES: RED OCTOBER COMPLETES FIRST MINING QUARTER

Post date: 
10/31/2019 - 22:42
 

West Australian company Matsa Resources has completed the first full quarter of mining at its 100%-owned Red October gold project, delivering 10,903t @ 5.39g/t to the Sunrise Dam treatment plant in the Sept qtr (Q1FY20) under its ore purchase and processing agreement with AngloGold Ashanti.
Ore production is expected to increase significantly with the commencement of stoping in the coming quarter.

ANGLOGOLD ASHANTI: Q3 19 PRODN UP, MORE IN Q4 19

Post date: 
10/28/2019 - 17:32
 

International gold miner AngloGold Ashanti has lifted Sept 2019 qtr (Q3 19) gold production 3% on Q2 19 to 825,000oz and free cash flow 12% thanks to higher gold prices, and says its Obuasi underground gold project in Ghana will start by year-end, Reuters reports.
Gross profit jumped 52% from the same qtr last year to $US281M.

ANGLOGOLD ASHANTI Q3 19 PROD UP, MORE EXPECTED Q4 19

Post date: 
10/28/2019 - 17:12
 

Things are looking good for Anglo Gold Ashanti with Q3 19 gold production up 3% and increased Q4 19 production expected from its Tanzania, Guinea, Australia and Brazilian operations

BIG Ni-Au-Co PRICE INCREASES LIFT IOG Q1 20 PROFIT 119%

Post date: 
10/22/2019 - 13:46
 

With output generally down a little, a big jump in the nickel price and help from gold and cobalt, have lifted Independence Group’s Q1 20 profit 119% to $66M

CORVUS GOLD: $23M RAISING DONE TO BRING ON NEVADA GOLD PROJ

Post date: 
10/12/2019 - 15:09
 

Explorer/developer Corvus Gold has completed a $C23M bought deal financing to advance its near term neighbouring gold-silver North Bullfrog and Mother Lode properties in Nevada, US.
The raising, including the full exercise of the underwriters’ over-allotment option, was for 11.5M Corvus shares at $2.00oz, with AngloGold Ashanti maintaining its 19.9% stake in Corvus and European and US institutions taking up to about 80% of the offering.

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Mining Billboard

Insights and analysis from leading industry commentators

‘BUILDING FORWARD BETTER’ REPORT OUTLINES KEY MINING ROLE IN POST-COVID RECOVERY

(CORPORATE) COVID-19 continues to have devastating impacts on the lives, livelihoods and learning of millions of people, but the new Building Forward Better Framework published by a mining industry-business networker-international policy NGO outlines a key role for the global resources sector in long-term recovery.

RIO TINTO ACCEPTS PUBLIC’S JUDGEMENT WITH TOP LEVEL JOB LOSSES OVER HERITAGE BLUNDER

(CORPORATE) The departure of three senior managers over Rio Tinto’s legal but badly misjudged destruction of priceless heritage features to dig up more iron ore illustrates that maintaining relationships with stakeholders is becoming more important to major corporations than business performance.

LAW FIRM, RIGHTS CAMPAIGNER ALLEGE KILLINGS AND ABUSES AT PETRA DIAMOND MINE

(HUMAN RIGHTS) UK-based diamond miner Petra has pledged to investigate allegations of shootings, beatings and other human rights abuses at its Williamson mine, a 75-25% joint venture with the Tanzanian government in the northern Shinhanga province.

MINERAL EXPLORATION SURGE BACKS AUSTRALIA’S ESCAPE FROM RECESSION

(EXPLORATION) Booming expenditure on mineral exploration could be vital to helping the Australian economy to emerge from very unfamiliar territory, its first recessing in nearly 30 years.

JUPITER ADVANCES PLANS FOR IPO SPIN-OFF OF CENTRAL YILGARN IRON ORE PROJECT

(CORPORATE) Jupiter Mines has outlined a staged strategy including fast-track development of DSO mineralisation that will fund a long-life project for the proposed spin-off of its 100%-owned Central Yilgarn Iron Ore assets in Western Australia. JOHN FEARY reports

MINING LEADERS SEEK WA PROTECTION FOR DOWNSTREAM LITHIUM FUTURE

(LITHIUM) A new report backs the potential for Western Australia’s lithium mining sector, the source of 50% of world LCE production, to become a significant global player in the coming boom in downstream applications - but first it needs immediate state government action to maintain the viability of the upstream industry.
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