Gold Fields promises $500m in shareholder returns over two years
GOLD Fields said today it planned to return $500m to shareholders over the next two years either in special dividends or by buying back its shares. Commenting ahead of a closed…
Cash flush AngloGold plans $100m Geita expansion
ANGLOGOLD Ashanti said on Tuesday it planned to spend $100m expanding production a fifth at Tanzania mine Geita to 600,000 ounces a year. The New York-listed miner also said it…
AngloGold explores other avenues for returns after stellar Q1
ANGLOGOLD Ashanti would consider additional shareholder returns if the gold price remained at current levels for the remainder of the financial year. This was after a…
AngloGold Ashanti’s takes critical step on decarbonisation journey
ANGLOGOLD Ashanti has announced the successful completion of a major renewables project to create the largest hybrid power system in Australia’s mining sector.
AngloGold installs Tropicana renewables project
ANGLOGOLD Ashanti said on Monday it had completed the Tropicana renewables project, described by the miner as the largest hybrid power system in Australia’s mining industry.…
AngloGold to adopt new mining method at Obuasi after output falls
ANGLOGOLD Ashanti said it would change its mining method at Obuasi after the Ghana mine produced a disappointing third quarter performance. The mine’s gold production fell 36%…
Analysts are hands-off AngloGold until noise of Calderon turnaround dissipates
NEXT month signals two years since Alberto Calderon became CEO of AngloGold Ashanti. On paper, much has been achieved. The former BHP executive has cracked the whip on mine cash…
AngloGold to pare Brazil portfolio following year-long asset review
ANGLOGOLD Ashanti said today it would look to sell Brazilian mine Córrego do Sítio (CdS) while another mine in Brazil, Serra Grande could also be sold in time. This is following…
AngloGold flags interim earnings hit owing to tailings dam upgrade in Brazil
ANGLOGOLD Ashanti said today impairments and provisions related to evolving environmental legislation affecting its operations in Brazil had contributed towards a decline in…
AngloGold rolls out $1.1bn emission reduction plan aimed at carbon neutrality by 2050
ANGLOGOLD Ashanti today rolled out plans for a $1.1bn emissions reduction initiative in which the miner intends to be carbon neutral by 2050. “We have a clear pathway to achieve…