October 28, 2015, New York ... RapNet, the Rapaport Diamond Trading Network, has suspended 10 members pending further investigation. The members have also been suspended by the Gemological Institute of America (GIA) for allegedly participating in a scheme that hacked into the GIA's computer system…
RapNet Diamond Index (RAPI™) for 1 ct. GIA-Graded Diamonds -6.3% in 3Q October 13, 2015, New York ... Diamond suppliers are under pressure as polished prices fell further in September. According to the Rapaport Monthly Report – October 2015, U.S. demand is steady as the…
Johannesburg – AngloGold Ashanti has reached a three-year wage deal with the majority of its employees in South Africa, providing certainty to operations that accounted for little over a quarter of its total production past year. The National Union of Mineworkers (NUM), Solidarity and the…
(Accra, Ghana, 16 September 2015) – Randgold Resources Limited (“Randgold”) and AngloGold Ashanti have concluded an investment agreement (the “Agreement”) aimed at the formation of a joint venture to redevelop and operate AngloGold Ashanti’s Obuasi gold mine in Ghana. In terms of the Agreement, Randgold…
AngloGold Ashanti today announced that its wholly owned subsidiary, AngloGold Ashanti Holdings plc (“AGAH”), is offering to buy back up to $810,000,000 in aggregate principal amount of its outstanding 8.5% high-yield bonds that mature in 2020, as part of its strategy to reduce debt and…
July 7, 2015, New York ... Diamond prices continued to soften in June with many categories trading at deep discounts to the Rapaport Price List. Markets were relatively quiet as U.S. demand after the JCK Las Vegas show was weaker than in previous years, and…
AngloGold Output up 17%, Costs Improve on Record Safety Result (JOHANNESBURG) - AngloGold Ashanti reported a 17% increase in production for the second quarter compared with the same period a year earlier, as its two new mines continued to contribute lower-cost ounces, and a strong…
(JOHANNESBURG) - AngloGold Ashanti is in the process of safely restarting its Great Noligwa and Moab Khotsong mines which were halted following a 5.3 magnitude earthquake that originated in the vicinity of the town of Stilfontein, on August 5. The mines are being restarted in…
Further Update on South Africa Earthquake (JOHANNESBURG) - AngloGold Ashanti confirms that each one of the 3,300 people working underground at its Great Noligwa and Moab Khotsong mines early yesterday afternoon, when a 5.3 magnitude earthquake struck South Africa's North West province, were safely hoisted…
According to Stats SA, Mining production decreased by 6,5% year-on-year in May 2014. The largest negative growth rates were recorded for Platinum Group Metals (PGMs) (-48,5%), ‘other’ non-metallic minerals (-13,3%) and building materials (-11,7%). The main contributor to the 6,5% decrease was PGMs (contributing -10,4…