Key Developments: AngloGold Ashanti Ltd (ANGJ.J)

ANGJ.J on Johannesburg Stock Exchange

18,373.00ZAc
17 Apr 2014
Price Change (% chg)

110.00c (+0.60%)
Prev Close
18,263.00c
Open
18,300.00c
Day's High
18,485.00c
Day's Low
18,117.00c
Volume
685,860
Avg. Vol
1,271,061
52-wk High
20,952.00c
52-wk Low
11,401.00c

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Latest Key Developments (Source: Significant Developments)

Anglogold Ashanti Ltd gives FY 2014 production guidance
Wednesday, 19 Feb 2014 01:09am EST 

Anglogold Ashanti Ltd:Sees FY 2014 production to rise to between 4.2 Moz and 4.5 Moz at a total cash cost of $750/oz to $790/oz.  Full Article

Anglogold Ashanti Ltd announces appointment of Sipho Pityana as chairman
Monday, 17 Feb 2014 05:01am EST 

Anglogold Ashanti Ltd:Tito Mboweni has stood down as chairman.Says but to ensure a smooth transition has agreed to work closely with the new Chairman, Sipho Pityana.  Full Article

Anglogold Ashanti Ltd enters Into agreement to sell Navachab Mine
Monday, 10 Feb 2014 07:55am EST 

Anglogold Ashanti Ltd:Signs a binding agreement to sell its entire interest in AngloGold Ashanti Namibia (Proprietary) Limited (AGAN), a wholly owned subsidiary which owns the Navachab Gold Mine (Navachab), to a wholly-owned subsidiary of QKR Corporation Limited.Says the agreement provides for an upfront consideration based on an enterprise value of $110 mln which will be adjusted to take into account AGAN's net debt and working capital position on the closing date of the transaction.Says the upfront consideration is payable in cash on the closing date.Says AngloGold Ashanti will continue to operate Navachab until the closing of the transaction.  Full Article

Anglogold Ashanti Ltd confirms receipt of strike notice at South Africa mines
Monday, 20 Jan 2014 06:57pm EST 

Anglogold Ashanti Ltd:Confirms that the Association of Mineworkers and Construction Union (AMCU) has served notice that it intends to call a strike by its members at the company’s South Africa operations, starting Jan. 23.Says the strike will also affect some mines owned and operated by other large, South African gold producers covered by the industry’s collective bargaining structure.Says the strike has been called in respect of the 2013 wage negotiations.  Full Article

Anglogold Ashanti Ltd Says Namibia Sale In Works, To Cut 430 Jobs In Ghana-Reuters
Wednesday, 6 Nov 2013 02:04am EST 

Reuters reported that Africa's Anglogold Ashanti Ltd is trying to close a sale for small Navachab operation in Namibia and is cutting 430 jobs at troubled Obuasi mine in Ghana, Chief Executive said.  Full Article

Anglogold Ashanti Ltd Reaffirms FY 2013 Production Guidance
Wednesday, 6 Nov 2013 01:26am EST 

Anglogold Ashanti Ltd announced that it maintained its fiscal 2013 annual cost and production guidance at 4.0Moz-4.1Moz at $815/oz - $845/oz.  Full Article

Anglogold Ashanti Ltd Announces Employees Return to Work After Two-Year Pay Offer
Thursday, 12 Sep 2013 08:00pm EDT 

Anglogold Ashanti Ltd announced that it has made an offer to its unionized employees in South Africa, under the auspices of the gold industry’s collective bargaining framework, with the aim of reaching a two-year wage settlement. The National Union of Mineworkers, Solidarity and UASA (United Association of South Africa) have indicated their members will accept the improved offer and employees, who had embarked on a strike from 3 September 2013 at the Vaal River Operations, have reported for work. The focus will be on a safe resumption of mining and ramp-up of production. Under the agreement, pay levels will rise by between 7.5% and 8.0% in the first year effective as at July 1, 2013 and employees will receive Consumer Price Index (CPI)-linked increases in the second year, effective July 1, 2014. AngloGold Ashanti’s Vaal River Operations which were impacted by this brief strike accounted for about 16% of AngloGold Ashanti’s production in 2012.  Full Article

Anglogold Ashanti Ltd Issues Q3 2013 Production Guidance; Updates FY 2013 Production Guidance-Conference Call
Wednesday, 7 Aug 2013 04:00am EDT 

Anglogold Ashanti Ltd announced that for the third quarter of 2013, it expects production to be between 950,000 and 1,000,000 ounces at a total cash cost of between $860 to $890 an ounce, which incorporates the ongoing winter power tariffs and the impact of the annual power increases in South Africa. For Fiscal 2013 as detailed in pre-quarterly announcement on July 15, Company have reduced annual production guidance to between 4 million and 4.1 million ounces.  Full Article

Anglogold Ashanti Ltd Announces Pricing Of Bond Offering
Thursday, 25 Jul 2013 03:00pm EDT 

Anglogold Ashanti Ltd announced the pricing of an offering of $1,250 million aggregate principal amount of 8.500% notes due 2020. Subject to customary conditions, the offering is expected to close on July 30, 2013. The notes, which will be issued by AngloGold Ashanti Holdings plc, a wholly owned subsidiary of the Company and will be unsecured and fully and unconditionally guaranteed by the Company. The Company estimates that the net proceeds from the offering will be approximately $1,235 million, after deducting discounts and estimated expenses. On July 24, 2013, the Company announced its intention to launch a tender offer for AngloGold Ashanti Holdings Finance plc's 3.50% Guaranteed Convertible Bonds due 2014. The Company intends to use the net proceeds of the bond offering in connection with this tender offer and for general corporate purposes, including the repayment of other indebtedness. Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Goldman, Sachs & Co. are joint bookrunners for, and underwriters of, the offering.  Full Article

Standard & Poor's Ratings Services Cuts Anglogold Ashanti Ltd's Debt Rating-DJ
Wednesday, 17 Jul 2013 05:28am EDT 

Dow Jones reported that Standard & Poor's Ratings Services cut the debt rating of gold miner AngloGold Ashanti Ltd. due to falling gold prices and protracted labor unrest in South Africa's crucial mining sector. S&P cut South Africa-based AngolGold's longterm corporate credit rating to BB+ from BBB- but kept the outlook stable at that level. The rating company said Anglogold's high debt levels left it vulnerable to lackluster gold prices and prolonged labor strife.  Full Article

Mine workers postpone strike at AngloGold's Mali mines

BAMAKO, March 10 - Mine workers at AngloGold Ashanti's Sadiola and Yatela gold mines in Mali have postponed the start of a planned strike for a few days to allow negotiations over redundancy payouts, a union official said on Monday.

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