AngloGold Ashanti announces the appointment of Mr. Srinivasan Venkatakrishnan (Venkat) as Chief Executive Officer effective immediately. Venkat has been with AngloGold Ashanti for nine years. He was the Chief Financial Officer at Ashanti Goldfields until that company's merger with AngloGold Limited in May 2004, creating what is now AngloGold Ashanti. Shortly after the merger he became Chief Financial Officer of the [...]
LONDON, March 1, 2013 /PRNewswire/ --Gold prices posted a loss of 5% in February as investors continued to pull money out of safe haven assets. This was the fifth straight monthly loss for gold. The SPDR Gold Trust (ETF) (NYSE: GLD) saw a record monthly outflow of 73.606 tons in February. Declining gold prices is a concern for gold mining companies such as Gold Fields Limited (NYSE: GFI), NovaGold Resources Inc. (AMEX [...]
AngloGold Ashanti today announced full-year adjusted headline earnings of $924m, the second-highest on record, despite a difficult year in which an unprotected strike and safety stoppages caused major disruption to its South African operations. The company is planning to deliver higher margin production from its South African mines, which were shuttered by a strike between the end of September and the beginning of [...]
AngloGold Ashanti -- The Board of AngloGold Ashanti today announced the resignation of Chief Executive Officer Mark Cutifani, who has accepted an offer to become the Chief Executive Officer of Anglo American Plc, effective April 3. Mark will remain in the role of CEO of AngloGold Ashanti until March 31. The Board of Directors, under Chairman Tito Mboweni, has initiated a formal search for a new Chief Executive Officer of [...]
JOHANNESBURG, SOUTH AFRICA -- (Marketwire) -- 12/10/12 -- AngloGold Ashanti (NYSE: AU) is pleased to note that Standard & Poor's has affirmed the investment grade rating on the company's publicly traded debt following an extensive review.
"We've taken strong, decisive action to maintain our investment grade rating and preserve our financial stability and flexibility," Chief Executive Officer Mark Cutifani said. "And at [...]
AngloGold Ashanti posted adjusted headline earnings of $235m in the third quarter, during which time it continued to advance its major growth projects in Australia, the United States and the Democratic Republic of Congo. Overall production in the quarter was primarily affected by labour unrest in South Africa which led to an unprotected strike which halted the company's six South African mines for more than a month, as [...]
AngloGold Ashanti is pleased to report that most workers have started returning to the three West Wits mines this morning. These workers join their colleagues at the Vaal River operations who returned to work on Monday, 22 October and Tuesday, 23 October 2012. Large numbers of employees at the Mponeng, TauTona and Savuka mines returned to work this morning and the focus now is on preparing these operations to ramp up [...]
AngloGold Ashanti is pleased to report that the unprotected strike across the three mines at its Vaal River region has come to an end. Workers at the Kopanang, Great Noligwa and surface operations returned to work on Monday, 22 October 2012 and those at Moab Khotsong ended their unprotected work stoppage on Tuesday, 23 October 2012. All of these operations have begun the process of ramping up production levels and all [...]
AngloGold Ashanti has done its utmost over the past month to work towards a mutually agreeable solution to the unprotected strike at the company's Vaal River and West Wits operating units. The strike has cost approximately 32,000oz a week in lost production. The company has engaged with striking workers in a respectful and honest way throughout this period, despite the fact that the work stoppage is unprocedural and [...]
AngloGold Ashanti confirms that its mines in South Africa remain at a standstill amid the unprotected strike which began on 20 September 2012 at the Kopanang operation and spread to the remaining five operations on 25 September 2012. Our priority remains to protect the safety of our employees and the communities in which we operate and we continue to work with the authorities to that end. AngloGold Ashanti has safeguarded [...]
Workers at AngloGold Ashanti's South African operations have embarked on an unprotected strike, preventing the commencement of the night shift on September 25. Workers at the West Wits and balance of the Vaal River Regions' operations joined those at Kopanang, who embarked on an unprotected work stoppage on September 20. This interruption to normal mining and processing operations comes amid unprocedural disruptions [...]
An unprotected strike at AngloGold Ashanti's Kopanang operations prevented the night shift from taking place on September 20, 2012. The strike is currently confined to this single mine. Management's priority is to maintain safety, peace and stability at the site and to continue a constructive dialogue with all employees, their representatives and other stakeholders. The company is following the necessary procedures and an [...]
+600,00 %
-92,31 %
