|Bid||7.84 x 0|
|Ask||7.98 x 0|
|Day's range||7.81 - 7.81|
|52-week range||7.48 - 12.49|
|PE ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y target est||N/A|
AngloGold Ashanti Ltd. will halve its production from South Africa after agreeing to sell mines to Harmony Gold Mining Co. and a Chinese investment firm in an effort to stem losses in its home country....
Mining companies Gold Fields and Anglo American have set aside over $130 million between them for a possible settlement with miners who contracted lung diseases at work. A class action suit, mostly relating to the fatal lung disease silicosis, was filed on behalf of miners in 2012 and has further unnerved an industry that has been battling for years with rising costs and generally depressed prices.
AngloGold Ashanti (Xetra: AOD.DE - news) is considering laying off 8,500 workers, some 30 percent of its workforce, Africa's biggest gold miner said on Wednesday, as it looks to restructure its South African mines. "It is critical that we act to protect the long-term sustainability of this business and the majority of our workforce," Chief Executive Officer Srinivasan Venkatakrishnan, said in a statement. It said its South African gold mining operations had experienced "heavy, and ultimately unsustainable, losses".
Africa's biggest gold miner AngloGold Ashanti (Xetra: AOD.DE - news) is considering retrenching 8,500 mine workers as part of its restructuring of its South African business "to ensure their viability", sending its shares lower. The company which employs 28,000 people, said the retrenchment is part of restructuring of the company’s production and cost base in its South African business. In May, AngloGold reported a 16 percent drop in first-quarter profit following a decline in South African production, and said it was reviewing its South African operations to restore their margin and ensure their recovery.
Tanzania will enforce a new rule requiring mining companies to list on its bourse by August, President John Magufuli said, as part of measures aimed at increasing transparency and spreading wealth from the country's natural resources. Major foreign-owned mining companies in Tanzania that will be affected by the requirement to list on the Dar es Salaam Stock Exchange include Acacia Mining, AngloGold Ashanti (Xetra: AOD.DE - news) and Petra Diamonds (Frankfurt: 908093 - news) .
MONGBWALU, Democratic Republic of Congo, Dec (Shanghai: 600875.SS - news) 16 (Reuters) - W hen Guy Robert Lukama looked out at thousands of illegal gold diggers hacking away at the verdant hills in remote northeastern Congo, he glimpsed opportunity where previous owners saw only an intractable problem. Lukama's former employer, South Africa's AngloGold Ashanti (Xetra: AOD.DE - news) , had for years sought to develop the 3,260 square kilometre Mongbwalu concession but pulled out partly due to concern over the sprawling blue-tented camps full of miners. When he led a buyout of AngloGold's 86 percent stake in the Mongbwalu Gold Mine (MGM) last year, Lukama knew he couldn't chase them away if he was to succeed in mining any of the 2.5 million ounces of gold estimated to lie trapped in the earth.