Polished Diamond Prices Slide in September

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…

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AngloGold Ashanti Reaches Three-Year Wage Deal With Majority of SA Employees

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…

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Groundbreaking partnership to revive Obuasi gold mine

(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…

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AngloGold Ashanti Holdings plc Offers to Repurchase Bonds to Cut Debt, Interest

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…

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AngloGold Output up 17%, Costs Improve on Record Safety Result

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…

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Update on South Africa Earthquake

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…

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Continuing NUMSA strike action slows mining production

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…

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SA’s mining strategy must unlock transformation, investment

Cape Town – Mineral Resources Minister Ngoako Ramatlhodi says his department will review the country’s mining strategy to ensure that all minerals that come out of the country benefit both the economy and the people of South Africa. The minister said the new administration has…

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