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AngloGold Ashanti Ltd (AU.N)

AU.N on New York Stock Exchange

9.93USD
3:50pm EDT
Change (% chg)

$0.35 (+3.65%)
Prev Close
$9.58
Open
$9.60
Day's High
$10.02
Day's Low
$9.57
Volume
790,710
Avg. Vol
1,165,811
52-wk High
$22.90
52-wk Low
$9.28

Latest Key Developments (Source: Significant Developments)

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

South Africa's NUM union asks AngloGold to rethink potential job cuts
Wednesday, 28 Jun 2017 11:36am EDT 

June 28 (Reuters) - ‍National Union of Mineworkers::Can confirm that it received section 189 notice from anglogold ashanti to retrench 8 500 workers​.NUM AngloGold ashanti national shop stewards council will meet next week to decide way forward​.Call on AngloGold Ashanti to rethink its position to retrench​.  Full Article

AngloGold Ashanti to restructure South African operations
Wednesday, 28 Jun 2017 07:32am EDT 

June 28 (Reuters) - AngloGold Ashanti Ltd ::AngloGold Ashanti to restructure South African operations to ensure their viability .‍To begin a consultation process with employees to restructuring certain of its South African business units​.‍Follows a review of options to safely turn around performance of these loss-making operations​.Restructuring contemplates some 8,500 roles across co's South African business, which employs about 28,000 people, including contractors​.To place on care and maintenance Kopanang mine, in Vaal river region, and Savuka section of Tautona mine, in West Wits region​.‍To evaluate feasibility of integrating elements of 60-year old Tautona mine into neighbouring Mponeng mine​.‍Also reviewing associated costs at regional level, particularly with respect to support services and overheads​.  Full Article

Solidarity says about 8500 Anglogold Ashanti employees could lose jobs
Wednesday, 28 Jun 2017 06:58am EDT 

June 28 (Reuters) - Union Solidarity -:About 8500 Anglogold Ashanti employees could lose their jobs.Had received a retrenchment notice from mining company anglogold ashanti​.Notice states that approximately 8 500 employees could be affected by these retrenchments.A trend in retrenchments may follow in mining sector due to negative impact that mining charter might have on mining companies."Wwill now intensively engage with management of aga with aim of finding solutions to retain as many jobs as possible at mine"​.  Full Article

Moody's says new mining charter credit negative, unlikely to be implemented
Wednesday, 21 Jun 2017 04:23am EDT 

June 21 (Reuters) - Moody's::Moody's - Revised south African mining charter is credit negative for mining companies.Moody's on s African mining charter - Higher BEE equity holding requirement is credit negative, will likely require miners to use cash or raise debt.Moody's on South African mining charter - "We Expect that current shareholders are unlikely to support a further dilution of their equity interests.".Moody's on mining charter - Revised charter not clearly drafted, is ambiguous in many areas, allowing for no. Of different interpretations.Moody's - Revised mining charter credit negative for s African mining cos as requirements will add to cost of operating mines, reduce free cash flow generation.  Full Article

Mota Engil wins two deals in Africa for $2.4 bln and $210 mln
Tuesday, 13 Jun 2017 01:02pm EDT 

June 13 (Reuters) - MOTA ENGIL SGPS SA ::SAYS WINS DEAL WITH UNIT OF ANGLOGOLD ASHANTI LIMITED <<>> WORTH $210 MILLION FOR MINING SERVICES.SAYS SIGNS CONTRACT IN MOZAMBIQUE WORTH $2.4 BILLION.SAYS MOZAMBIQUE DEAL IS IN 50/50 JOINT VENTURE WITH UNIT OF CHINA MACHINERY ENGINEERING CORPORATION <<<1829.HK>>>.SAYS MOZAMBIQUE PROJECT WILL CONSIST OF CONSTRUCTION OF RAILWAY OF ABOUT 500 KILOMETERS AND WILL LAST 44 MONTHS.  Full Article

Anglogold Ashanti says ‍Blackrock now holds 10 pct stake in the company
Thursday, 8 Jun 2017 09:00am EDT 

June 8 (Reuters) - Anglogold Ashanti Ltd :Received formal notification from Blackrock, that it has acquired a beneficial interest in securities of company​.‍Blackrock's total beneficial interest in Anglogold Ashanti's securities now amounts to 10.00% of issued ordinary share capital of co​.  Full Article

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Weak dollar boosts South Africa's rand, mining stocks

JOHANNESBURG South Africa's rand and mining stocks strengthened on Wednesday as the dollar plunged on U.S. stimulus uncertainty, although AngloGold Ashanti fell more than 4 percent after saying it may retrench 8,500 workers.