Mines in the North West have become contested ground for National Union of Mineworkers.
About 6 000 attendees were expected at the Mining Indaba, which started on Monday. But investors are wary – South Africa’s past is catching up.
The company chief exec says its bond rating should be upped on a ccount of good behaviour but the agency says nothing has happened to change its mind.
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AngloGold plans to lay off 2 000 jobs in Ghana by next June, say trade unions.
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Small groups of workers have stopped miners at two AngloGold mines from reporting for duty and a miner is in a critical condition after being stabbed.
Mtobeli Elson Vapi is only 52 and treading lightly is about as much activity as his body can handle.
As the case against Anglo American SA in the UK unfolds, local lawyers are calling for the setting up of a compensation fund.
AngloGold Ashanti says that operations at its Iduapriem mine in Ghana would resume in April after completing a temporary storage unit for tailings.
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/ 17 February 2010
AngloGold Ashanti posted fourth-quarter adjusted headline earnings per share of 62 US cents, from a third-quarter loss.
South African gold producer AngloGold Ashanti said on Tuesday it had finalised its 100% acquisition of United States gold miner Golden Cycle.
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/ 27 February 2008
It is unclear whether proposed job cuts in the mining industry are caused by power cuts and electricity rationing, or other factors, Public Enterprises Minister Alec Erwin said in Parliament on Wednesday. ”I’ve been a trade unionist for many years, and you often use an event like this to explain something you’re going to do anyway,” he said.
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/ 29 January 2008
The world’s third-biggest gold producer said on Tuesday it had restarted production at one of its mines, although a power shortage that has curbed output from South Africa’s mining sector remained largely unresolved. AngloGold Ashanti said it had diverted its power-supply allocation to resume full production at one of its seven South African mines.
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/ 25 January 2008
South African gold producers and the world’s biggest platinum miner suspended production at all their mines in the country on Friday due to a power crisis, helping send precious metal prices to new highs. Shares in most of the affected firms dived as the government said the power cuts were ”a national emergency”.
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/ 2 November 2007
AngloGold Ashanti shut one of its larger mines in South Africa on Friday after a miner was killed in a rockfall as a miners’ strike to protest against the spate of mine deaths in the country loomed. AngloGold, the world’s third-biggest gold producer, shut its TauTona mine after the worker died in the early hours of Friday.
The JSE was slightly negative by midday on Friday, as profit-taking among platinum stocks led the bourse to give up some of its earlier gains. By noon on the JSE, the all-share index had given up 0,06%, as platinum stocks dipped 3,23%. Resources were 0,24% lower, but the gold-mining index advanced 1,67%.
The deaths of four miners in a rockfall forced a halt to production at AngloGold Ashanti’s Mponeng underground mine on Monday while safety checks were carried out, the company said. Increasing deaths at South Africa’s deep and treacherous underground mines have thrust safety into the spotlight in a country where about 200 miners are killed in accidents every year.
The JSE was up 191 points at midday on Monday, but off its record high it hit earlier as gold stocks tumbled on news that Anglo American was selling half of its stake in AngloGold. Anglo said in a statement that it expects the offering to represent a major step in the completion of its stated objectives for its stake in AngloGold Ashanti.