Edition:
India

AngloGold Ashanti Ltd (ANGJ.J)

ANGJ.J on Johannesburg Stock Exchange

10,021.00ZAc
23 May 2018
Change (% chg)

-204.00 (-2.00%)
Prev Close
10,225.00
Open
10,294.00
Day's High
10,393.00
Day's Low
10,021.00
Volume
1,427,450
Avg. Vol
1,275,169
52-wk High
16,189.00
52-wk Low
10,021.00

Latest Key Developments (Source: Significant Developments)

Anglogold Ashanti to Restructure South African Cost Base
Wednesday, 23 May 2018 

May 23 (Reuters) - AngloGold Ashanti Ltd ::ANGLOGOLD ASHANTI LTD - ANGLOGOLD TO RESTRUCTURE SOUTH AFRICAN COST BASE TO ENSURE VIABILITY OF RETAINED ASSETS.ANGLOGOLD ASHANTI LTD - TO BEGIN A CONSULTATION PROCESS WITH EMPLOYEES IN LINE WITH SECTION 189 AND 189A OF THE LABOUR RELATIONS ACT.ANGLOGOLD ASHANTI - ALL-IN COSTS OF SOUTH AFRICAN BUSINESS IN Q1 OF THIS YEAR WAS $1 361, COMPARED TO A GOLD PRICE OF ONLY $1,330/OZ DURING THAT PERIOD.ANGLOGOLD ASHANTI LTD - CO'S REMAINING SOUTH AFRICAN ASSETS NOW INCLUDE MPONENG UNDERGROUND GOLD MINE, AND A SURFACE OPERATION.ANGLOGOLD ASHANTI - CURRENT RESTRUCTURING PROCESS CONTEMPLATES SOME 2,000 ROLES ACROSS CO'S SOUTH AFRICAN BUSINESS, WHICH EMPLOYS ROUGHLY 8,200 PEOPLE.ANGLOGOLD ASHANTI - RESTRUCTURING WILL AFFECT EMPLOYEES ACROSS DIFFERENT CATEGORIES & LEVELS, REGION'S EXECUTIVE COMMITTEE AND SENIOR MANAGEMENT.ANGLOGOLD ASHANTI LTD - "SOUTH AFRICAN OPERATIONS CONTINUE TO FACE A MULTIPLICITY OF CHALLENGES".ANGLOGOLD ASHANTI - FOR SOUTH AFRICAN BUSINESS, CO HAS CONSIDERED VARIOUS OPTIONS, INCLUDING BUT NOT LIMITED SALES AND SERVICES REDUCTIONS.ANGLOGOLD - CONSULTATION WITH ORGANISED LABOUR GROUPS, FACILITATED BY CCMA, WILL BE AIMED AT SAFELY ENSURING OVERALL VIABILITY OF CO'S REMAINING ASSETS IN SOUTH AFRICA.  Full Article

Anglogold Ashanti Q1 Gold Production Of 824,000Oz, FY Guidance Unchanged
Tuesday, 8 May 2018 

May 8 (Reuters) - AngloGold Ashanti Ltd ::Q1 GOLD PRODUCTION OF 824,000OZ, RELATIVELY STABLE YEAR-ON-YEAR DESPITE ASSET SALES AND CLOSURES.FULL-YEAR GUIDANCE* REMAINS UNCHANGED.CASH FLOW AT Q1 END FROM OPERATING ACTIVITIES RISES 26% TO $117M.Q1 PRODUCTION FROM RETAINED OPERATIONS UP 6% TO 773,000OZ.Q1 ALL-IN SUSTAINING COSTS IMPROVE 3% YEAR-ON-YEAR TO $1,029/OZ.TOTAL CAPITAL EXPENDITURE (INCLUDING EQUITY ACCOUNTED ENTITIES) DURING QUARTER WAS $169M, COMPARED WITH $216M IN Q1 OF 2017.Q1 ADJUSTED EBITDA INCREASE OF 22% TO $383M.NET DEBT AT Q1 END DOWN 14% TO $1.77BN; NET DEBT TO ADJUSTED EBITDA IMPROVES TO 1.14 TIMES.PRODUCTION, COSTS AND CAPITAL REMAIN ON-TRACK TO MEET ANNUAL GUIDANCE.PRODUCTION, CAPEXP ARE EXPECTED TO INCREASE IN REMAINING THREE QUARTERS OF YEAR, IN LINE WITH HISTORICAL SEASONAL TRENDS.  Full Article

Randgold Resources Updates on Engagement With Congo Govt On New Mining Code​
Thursday, 15 Mar 2018 

March 15 (Reuters) - Randgold Resources Ltd ::READY FOR ENGAGEMENT WITH DRC.‍MINING INDUSTRY READY FOR ENGAGEMENT WITH DRC GOVERNMENT​.‍LEGAL AND TECHNICAL TEAM REPRESENTING MAJOR MINING COS OPERATING IN DRC ARRIVED IN KINSHASA FOR ENGAGEMENT WITH GOVERNMENT ON NEW MINING CODE​.‍COMPANIES ARE NOW AWAITING AN APPOINTMENT WITH MINISTER TO DISCUSS A PROGRAMME OF ENGAGEMENT WITH GOVERNMENT'S WORKING GROUP​.‍COS IN MEETING WITH PRESIDENT CONFIRMED WILLINGNESS TO NEGOTIATE ADDITIONAL ROYALTIES, CHANGES TO OTHER TAXES AS PART OF PROCESS​.‍COMPANIES SAID EXPECTED NEGOTIATION PROCESS WILL START SOON​.CO', ANGLOGOLD ASHANTI'S KIBALI MINE, GLENCORE'S MUTANDA MINE HAVE RESIGNED FROM FEC, CONGOLESE CHAMBER OF COMMERCE, WITH IMMEDIATE EFFECT​.  Full Article

Anglogold Ashanti Says ‍FY Headline Earnings Expected To Be Between $16 Mln And $38 Mln
Wednesday, 31 Jan 2018 

Jan 31 (Reuters) - Anglogold Ashanti Ltd ::‍FULL YEAR PRODUCTION IS 3.755MOZ FOR PERIOD COMPARED TO 3.628MOZ FOR YEAR ENDED 31 DECEMBER 2016​.‍ALL-IN SUSTAINING COSTS AND CAPITAL EXPENDITURE FOR YEAR REMAIN WELL WITHIN MARKET GUIDANCE PROVIDED FOR 2017​.‍FY HEADLINE EARNINGS EXPECTED TO BE BETWEEN $16 MILLION AND $38 MILLION, WITH HEADLINE EARNINGS PER SHARE OF BETWEEN 4 CENTS AND 9 CENTS​.‍FY BASIC LOSS FOR PERIOD EXPECTED TO BE BETWEEN $180 MILLION AND $200 MILLION, RESULTING IN BASIC LOSS PER SHARE OF BETWEEN 43 CENTS-48 CENTS​.‍SALE OF VARIOUS ASSETS IN VAAL RIVER REGION RESULTED IN AN IMPAIRMENT CHARGE OF $110 MILLION IN FY​.  Full Article

Zonte Metals acquires Iron Oxide Copper Gold Project
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - Zonte Metals Inc :Zonte Metals acquires Iron Oxide Copper Gold Project.Zonte Metals - ‍signed an option agreement to acquire 100% of Cross Hills Iron Oxide Copper Gold Project.Zonte Metals - ‍agreement grants co option to buy a 100% interest in project for payments of $55,000 & issuing 1.5 million common shares over 4 yrs​.  Full Article

AngloGold Ashanti Ltd says Q3 gold production up 11 pct to 997,000oz​
Monday, 6 Nov 2017 

Nov 6 (Reuters) - ANGLOGOLD ASHANTI LTD ::‍THIRD-QUARTER GOLD PRODUCTION ROSE 11% YEAR-ON-YEAR TO 997,000OZ​.‍Q3 ADJUSTED EBITDA $399M, UP FROM $395M IN Q3 OF 2016​.‍PRODUCTION, AISC, TOTAL CASH COSTS AND CAPITAL EXPENDITURE REMAIN WITHIN ORIGINAL GUIDANCE​.‍Q3 FREE CASH FLOW $88M- STRONG TURNAROUND FROM $41M OUTFLOW IN SECOND-QUARTER OF 2017​.Q3 ‍NET DEBT TO ADJUSTED EBITDA RATIO OF 1.49 TIMES, DOWN FROM 1.56 IN Q2 OF 2017​.‍RESTRUCTURING OF SOUTH AFRICAN OPERATIONS REMAINS ON TRACK​.‍Q3 AISC UNCHANGED AT $1,071/OZ DESPITE HIGHER PLANNED REINVESTMENT EXPENDITURES, STRONGER CURRENCIES AND INFLATION​.SEES ‍FY PRODUCTION OUTLOOK BETWEEN 3.6MOZ AND 3.75MOZ​.‍SEES FY CAPITAL EXPENDITURE OUTLOOK BETWEEN $950M AND $1,050M​.‍ANTICIPATE CONCLUDING BULK OF CURRENT RESTRUCTURING PROCESS AT TAUTONA AND SAVUKA BY END OF Q4​.‍SEES FY TOTAL CASH COSTS OUTLOOK BETWEEN $750/OZ AND $800/OZ​.AFTER RESTRUCTURING ANGLOGOLD ASHANTI ANTICIPATES THAT ABOUT 13% OF ITS PRODUCTION WILL COME FROM ITS SOUTH AFRICAN ASSETS​.  Full Article

Anglogold Ashanti to dispose some assets to Harmony Gold for $300 mln
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - Anglogold Ashanti Ltd :TO DISPOSE OF VARIOUS ASSETS SITUATED IN VAAL RIVER REGION OF SOUTH AFRICA TO HARMONY GOLD MINING FOR US$300 MILLION​.‍PRODUCTION FROM REMAINING SOUTH AFRICAN OPERATIONS, WILL CONSTITUTE LESS THAN 15% OF COMPANY'S ESTIMATED ANNUAL PRODUCTION​.  Full Article

Anglogold Ashanti ‍announces disposal of Kopanang mine, West Gold plant and related infrastructure​
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - Anglogold Ashanti Ltd :‍ANNOUNCES DISPOSAL OF ITS KOPANANG MINE, WEST GOLD PLANT AND RELATED INFRASTRUCTURE​.‍SALE ASSETS EXCLUDE KOPANANG GOLD PLANT AND KOPANANG ROCK DUMP WHICH WILL BE RETAINED BY ANGLOGOLD ASHANTI​.‍ENTERED INTO AN AGREEMENT TO DISPOSE OF SALE ASSETS TO HK BASED HEAVEN-SENT SA SUNSHINE INVESTMENT COMPANY LIMITED​.‍SALE ASSETS WILL BE ACQUIRED AND OPERATED BY A SOUTH AFRICAN SUBSIDIARY OF HSC​.‍PURCHASE TO BE SETTLED BY A PAYMENT OF R100 MILLION IN CASH AND TRANSFER OF CERTAIN GOLD BEARING ROCK DUMPS FROM VMR TO ANGLOGOLD ASHANTI​.  Full Article

Moody's says South African gold and platinum miners' restructuring supports their credit profiles
Tuesday, 12 Sep 2017 

Sept 12 (Reuters) - Anglogold Ashanti Ltd -:Moody's: South African gold and platinum miners' restructuring supports their credit profiles.Moody's says restructuring of South African operations will be positive for credit profiles of Anglogold Ashanti Ltd, Gold Fields and Sibanye Gold.Moody's-South African mining groups' restructuring initiatives will protect their credit quality by returning South African operations to a state in which they are free cash flow-generating.Moody's -profitability of South African gold, PGM mining operations under increasing pressure due to still low, but slightly improved, price environment.  Full Article

Saracen Mineral enters into agreement with AngloGold
Monday, 17 Oct 2016 

Saracen Mineral Holdings Ltd : Asx alert-farm-in and joint venture agreement with Anglogold . Anglogold enters A$25m farm-in with Saracen at Carosue Dam north .Exploration partnership covers Butcher Well and Lake Carey tenements.  Full Article

UPDATE 1-AngloGold plans 2,000 job cuts in South Africa

JOHANNESBURG, May 23 South African gold miner AngloGold Ashanti plans to cut 2,000 jobs at its domestic operations, it said on Wednesday, as part of plans to cut costs.