AngloGold Ashanti Limited
AngloGold Ashanti Limited
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A strike at AngloGold Ashanti’s Kopanang gold mine in South Africa is illegal, the company has said.
“The night shift embarked on an unprotected strike at Kopanang and the morning shift didn’t go down either,” company spokesperson Alan Fine told Reuters.
AngloGold says the strike is currently confined to the one mine, and that workers have not yet made any demands to the company. The company is focused on maintaining safety, peace and stability and continuing dialogue with the employees at Kopanang.
Ghana, Africa’s 2nd largest gold producer, is reconsidering a new 10% windfall tax on mining companies over fears it could do more harm than good. Kwasi Kpodo reports
South Africa's gold mining companies are being hit by the union demands for wage hikes that led to a wave of labour strife and violence in the platinum sector this month.
The South African Chamber of Mines says the gold sector employers have little room to budge as current collective agreements do not expire until the middle of next year.
Violence in the platinum sector killed 44 people and shut ore production at mines run by Lonmin, the world's third largest producer.
A South African lawyer has filed the first papers in a potential class action suit against top gold mining companies on behalf of thousands of workers who claim they contracted the lung disease silicosis through the negligence of the companies.
The papers have been filed against leading South African gold miners, AngloGold Ashanti, Gold Fields and Harmony, a preliminary step to determine if the court recognises the case as a class action. Reuters
Within the next 10 years, the mining industry will not be able to deliver the world with the resources its needs, top five global gold miner AngloGold Ashanti CEO Mark Cutifani has told the Diggers and Dealers conference in Kalgoorlie, Western Australia.
“We (the mining industry) won’t be able to supply China or the other developing countries unless we start doing things differently, with more innovative exploration.
There has been a clarion call for some serious back-to-basic changes to meet global minerals demand. Mark Mentiplay reports.
South African-based global miner AngloGold Ashanti says planned increases on exploration and corporate costs as well as a change in tax status led to its 26% headline earnings fall for the June 2012 quarter.
The company recorded adjusted headline earnings of $US253M, 65cps, compared with $342M, 89cps, for the corresponding period. Gold price received fell 5% to $1607/oz.
AngloGold Ashanti has handed its interest in the Ndjole, Mevang and Ogooue licences in Gabon, central Africa, back to Silver Bull Resources, terminating the joint venture agreements.
The Ndjole-Mevange and Ogooue JVs were formed in October 2009, with AngloGold earning a 20% interest in the projects.
In addition to the $US400,000 paid to Silver Bull subsidiary Dome Ventures Corporation for the Ndjole-Mevang JV, AngloGold spent $5.7M on exploration.
Tropicana gold project partners AngloGold Ashanti (70%) and Independence Group (30%) are lifting their expectations as they move closer to the December quarter commencement of the Western Australian gold mine.
Independence Group MD Chris Bonwick will tell the Diggers and Dealers Forum opening in Kalgoorlie today that revised life of mine projections under way will lift production above the current 470,000-490,000oz pa for the first three years.
South Africa's AngloGold Ashanti halted operations at its Savuka mine after the body of a worker was found in a gully on Saturday morning, the company said in a statement.
AngloGold, Africa’s biggest gold miner, said it was treating the death as an occupational accident pending an inspection scheduled for Monday. -- Reuters