AngloGold Ashanti Archives

21 Mar

AngloGold Ashanti Recorded $46M Loss In 2023

wontumionlineBusinessAngloGold Ashanti, Loss

AngloGold Ashanti lost $46 million or 11 US cents per share in 2023. This is compared to $489 million or 116 US cents per share, for the year ended December 31, 2022. According to its Full Year 2023 report, headline earnings were down year-on-year mainly due to lower gold sold (54 US cents per share), higher costs related to the corporate restructuring (taxes and fees) (75 US cents per share), higher care and maintenance and retrenchment costs, among others. These effects, it said, were partially offset by higher equity-accounted joint venture income (11 US cents per share), higher finance income…

31 Jul

AngloGold Ashanti Renews Its Trust In Veolia To Depollute The Water Of Its Obuasi Gold Mine In Ghana

wontumionlineBusinessAngloGold Ashanti

Veolia renewed its contract with AngloGold Ashanti Ghana Limited, part of the South African-headquartered gold mining company, AngloGold Ashanti, the world’s fourth-largest gold producer. Veolia Ghana Limited(*) will be responsible for operating and maintaining all the water treatment plants for the Obuasi open-cut and underground mines in Ghana. These additional two years confirm Veolia’s operational know-how in the preservation, depollution and renewal of water resources for the mining industry. No less than six facilities are required to guarantee the treated water and discharge quality for AngloGold Ashanti’s Obuasi mine: 4 wastewater treatment plants and 2 drinking water treatment plants. Water…

31 May

No Illegal Miner Underground Has Been Confined; The Main Exit Ramp Remains Open – AngloGold

wontumionlineBusinessAngloGold Ashanti, ikllegal miner

AngloGold Ashanti Ghana’s Obuasi Mine has said it has become aware of media reports alleging that illegal miners may have been trapped underground in the northern areas of the mine, remote from current active mining areas. The mining company explained that unauthorized persons underground are able to exit on foot, via the existing ramp, through the main access of this mining area. No person underground has been confined in any way and the main exit ramp from the mine remains open. Obuasi Gold Mine’s management team has notified the relevant authorities and public security services and is working closely with…

31 May

Update: 48 Illegal Miners Arrested After Exiting AngloGold Obuasi Mine Shaft

wontumionlineBusinessAngloGold Ashanti, Illegal Miners, Minning

The number of illegal miners who were among the several others trapped in the AngloGold Ashanti Ghana’s Obuasi Mine shaft but have been arrested after exiting has moved from seven to forty-eight. Earlier the mining company announced in a statement that seven were in the custody of the Ghana Police Service. The company explained that unauthorized persons underground are able to exit on foot, via the existing ramp, through the main access of this mining area. No person underground has been confined in any way and the main exit ramp from the mine remains open. Obuasi Gold Mine’s management team has…

13 May

Anglogold Ashanti To Move Primary Listing To New York Stock Exchange

wontumionlineBusinessAngloGold Ashanti

AngloGold Ashanti has unveiled a major corporate restructuring in which it will move the primary listing of its shares to New York from Johannesburg, and domicile the business in London. The Johannesburg corporate office will be retained. Alberto Calderon, CEO of AngloGold Ashanti said a primary listing on the New York Stock Exchange would help improve his company’s liquidity and a rating of its shares. AngloGold estimates it currently trades at a 25% discount to rivals. A secondary listing would be maintained on the JSE as well as on the Ghana Stock Exchange but the company would delist from the…

09 Mar

Residents Of Sanso ‘Fight’ Anglogold Ashanti For Jobs, Mining Concession

wontumionlineNewsAngloGold Ashanti, Mines, Sanso

Scores of residents in the Obuasi town of Sanso on Wednesday (8 March) launched yet another protest against AngloGold Ashanti (AGA) over the lack of employment opportunities, which they claimed has worsened the economic situation in the area. The community also wants the government to prevail on the mining giant to halt attempts to close down the Asuokyi mine, a gold pit that has become a subject of controversy between the feuding parties in recent years. Wearing red and black attire the protesters accused the company of bad faith after failure to respond to several petitions from their leaders. They…