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AngloGold Ashanti Ltd (AU.N)

AU.N on New York Stock Exchange

9.64USD
25 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Asanko Gold acquires Miradani Gold Project
Friday, 22 Sep 2017 04:30pm EDT 

Sept 22 (Reuters) - Asanko Gold Inc :Asanko Gold acquires large, highly prospective Miradani Gold Project, adjacent to Asanko Gold Mine.Asanko Gold - ‍acquisition costs of Miradani Project, which bear standard Government of Ghana royalty interests, are not disclosed and are not material​.Asanko Gold Inc - ‍acquired ownership of Miradani Mining Lease in Ghana, West Africa from AngloGold Ashanti​.Asanko Gold Inc - ‍drilling program on Miradani, Central and Tontokrom to commence in Q4 2017​.  Full Article

Anglogold Ashanti ‍announces potential disposal of Kopanang mine​
Friday, 15 Sep 2017 07:45am EDT 

Sept 15 (Reuters) - Anglogold Ashanti Ltd ::‍ANGLOGOLD ASHANTI ANNOUNCES POTENTIAL DISPOSAL OF KOPANANG MINE​.‍STARTED A CONSULTATION PROCESS TO RESTRUCTURE ITS SOUTH AFRICAN OPERATIONS​.THIS RESTRUCTURING PROCESS INCLUDES KOPANANG MINE CEASING OPERATIONS AND TRANSITIONING TO CARE AND MAINTENANCE.RESTRUCTURING PROCESS INCLUDES KOPANANG MINE CEASING OPERATIONS AND TRANSITIONING TO CARE AND MAINTENANCE.‍AIMS OF ENSURING THAT BUSINESS COULD BE SAFELY RETURNED TO PROFITABILITY, WHILST MITIGATING JOB LOSSES​.INITIATED A PROCESS TO ASSESS SALE OF KOPANANG MINE.‍SHOULD POTENTIAL SALE BE SUCCESSFULLY CONCLUDED, THIS WILL HAVE A POSITIVE IMPACT ON RESTRUCTURING.ANGLOGOLD ASHANTI - SEVERANCE BENEFITS WILL BE PAID TO EMPLOYEES ON CONCLUSION OF RESTRUCTURING PROCESS, KOPANANG MINE WILL MOVE TO CARE AND MAINTENANCE.  Full Article

Moody's says South African gold and platinum miners' restructuring supports their credit profiles
Tuesday, 12 Sep 2017 03:13am EDT 

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

Anglogold Ashanti says guidance for full year remains unchanged
Monday, 21 Aug 2017 01:41am EDT 

Aug 21 (Reuters) - Anglogold Ashanti Ltd :GUIDANCE FOR FULL YEAR REMAINS UNCHANGED.GOLD PRODUCTION OF 1.748MOZ FOR FIRST HALF OF YEAR.TOTAL CASH COST OF $796/OZ FOR THE SIX MONTHS ENDED 30 JUNE 2017, COMPARED TO 1.745MOZ AT $706/OZ IN THE FIRST HALF OF LAST YEAR.SEES FY PRODUCTION BETWEEN 3.6MOZ AND 3.75MOZ.SEES FY CAPITAL EXPENDITURE BETWEEN $950M AND $1,050M.ALL-IN SUSTAINING COSTS FOR THE SIX MONTHS ENDED 30 JUNE 2017 WERE $1,071/OZ COMPARED TO $911/OZ IN THE FIRST HALF OF LAST YEAR.SEES FY TOTAL CASH COSTS BETWEEN $750/OZ AND $800/OZ.ADJUSTED EBITDA WAS $610M FOR FIRST SIX MONTHS OF 2017.HY HEADLINE LOSS PER SHARE 22 CENTS VS HEPS OF 23 CENTS A YEAR AGO.HY HEADLINE LOSS $89 MLN VS EARNINGS OF $93 MLN A YEAR AGO."DECISIVE ACTION TAKEN TO STEM LOSSES IN SOUTH AFRICA, WITH RESTRUCTURING TALKS UNDER WAY".AT JUNE 30, NET DEBT OF $2.151BN AND NET DEBT TO ADJUSTED EBITDA RATIO OF 1.56 TIMES.HY ADJUSTED HEADLINE LOSS OF $93M INCLUDES RETRENCHMENT PROVISION OF $47M AND SILICOSIS PROVISION OF $46M."TOOK DIFFICULT DECISION TO BEGIN CONSULTATION PROCESS WITH EMPLOYEES, WITH RESPECT TO RESTRUCTURING CERTAIN OF ITS SOUTH AFRICAN BUSINESS UNITS".  Full Article

Anglogold Ashanti sees HY HLPS between 19-23 cents
Tuesday, 1 Aug 2017 07:01am EDT 

Aug 1 (Reuters) - Anglogold Ashanti Ltd ::SEE HY HEADLINE LOSS PER SHARE OF BETWEEN 19 CENTS AND 23 CENTS.SEES HY BASIC LOSS PER SHARE BETWEEN 41 CENTS AND 45 CENTS.HY PRODUCTION IS EXPECTED TO BE 1.748 MOZ FOR PERIOD COMPARED TO 1.745 MOZ IN PRIOR PERIOD.ANGLOGOLD ASHANTI LTD - COMPANY RECORDED AN IMPAIRMENT OF CERTAIN OF ITS SOUTH AFRICAN ASSETS AMOUNTING TO $86 MILLION (POST-TAX) OR 21 CENTS PER SHARE.COMPANY ACHIEVED PRODUCTION IN Q2 OF YEAR OF 918,000 OZ COMPARED TO 830,000 OZ IN Q1, UP 10.6 PERCENT.ANGLOGOLD ASHANTI-MANAGEMENT IN POSITION TO RELIABLY ESTIMATE WITHIN ACCEPTABLE RANGE CO'S SHARE OF POSSIBLE SETTLEMENT OF CLASS ACTION CLAIMS, COSTS.ANGLOGOLD ASHANTI LTD - PROVIDED FOR CLASS ACTION OBLIGATION IN STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE AT DISCOUNTED PRE-TAX AMOUNT OF $63 MILLION.  Full Article

S.Africa's COSATU and NUM to march to AngloGold Ashanti against retrenchment of workers
Monday, 31 Jul 2017 04:55am EDT 

July 31 (Reuters) - COSATU::COSATU - COSATU NORTH WEST AND NUM WILL BE HAVING A MASSIVE MARCH ON 01 AUGUST 2017 TO ANGLO GOLD ASHANTI MINE AGAINST MASSIVE RETRENCHMENTS OF 8500 WORKERS.COSATU - NUM MATLOSANA WILL BE AFFECTED BY ALMOST 3000 MEMBERS IF MINE PROCEEDS WITH RETRENCHMENT.COSATU - "URGE DEPARTMENT OF MINERAL RESOURCES INTERVENE AND WORK WITH MINING SECTOR TO ENSURE THAT JOBS ARE SAVED".  Full Article

Anglogold Ashanti comments on passage of new legislation in Tanzania​
Thursday, 13 Jul 2017 07:40am EDT 

July 13 (Reuters) - Anglogold Ashanti Ltd :‍Anglogold Ashanti comments on passage of new legislation in Tanzania​.Units seeking constructive dialogue with GOT, and its agencies, to gain assurances that Geita mine will not be affected by legal, fiscal changes​.  Full Article

S.Africa union NUM resolves to oppose the AngloGold's proposed job cuts
Wednesday, 5 Jul 2017 10:31am EDT 

July 5 (Reuters) - ‍National Union of Mineworkers::NUM AngloGold Ashanti Shaft Stewards Council met to deliberate AngloGold's <<>> planned 8,500 retrenchment plan.Meeting resolved to oppose planned retrenchments .Will engage relevant government departments and co in an effort to avoid job losses​.  Full Article

Anglogold Ashanti comments on legislative changes in Tanzania
Tuesday, 4 Jul 2017 11:49am EDT 

July 4 (Reuters) - Anglogold Ashanti ::Comments on legislative changes in Tanzania.Says ‍will, in context of its existing mine development agreement, analyse these laws once they are passed.Says will provide updates in due course​.  Full Article

AngloGold says to review proposed Tanzanian legislative changes
Friday, 30 Jun 2017 11:30am EDT 

June 30 (Reuters) - AngloGold Ashanti Limited ::AngloGold update on proposed Tanzanian legislative changes.‍Tanzania's parliament published draft legislation amending legal framework of its extractive industry.Will review new legislation in context of its existing mine development agreement.  Full Article

UPDATE 1-AngloGold Ashanti swings to H1 loss on job cuts, lawsuit

JOHANNESBURG, Aug 21 South Africa's AngloGold Ashanti reported a first-half loss on Monday on costs related to layoffs and money set aside for litigation, but stuck to its full-year targets.