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Tag "anglogold-ashanti"

AngloGold Ashanti Q3 Earnings Jump on 12% Output Gain, 10% Cost Decline 0

JOHANNESBURG, SOUTH AFRICA — (Marketwired) — 11/06/13 — AngloGold Ashanti (NYSE: AU)Gold production up 12% from previous quarter to 1,043koz; better than 950koz-1Moz guidance.Total cash costs $809/oz improve 10%; better than $860/oz-$890/oz guidance.Annual cost and production guidance(1) maintained at 4.0Moz – 4.1Moz at $815/oz – $845/oz.Operating improvements recorded by all four operating regions and 9 of 10 countries.Corporate costs* fall by 26% from the previous quarter to $42m.Expensed

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AngloGold-s Tropicana Produces First Gold Ahead of Schedule and on Budget 0

JOHANNESBURG, SOUTH AFRICA — (Marketwired) — 09/26/13 — AngloGold Ashanti (NYSE: AU) is pleased to announce that the Tropicana Gold Mine in Western Australia began production today ahead of schedule and within budget, adding new ounces at below the company-s current average cost structure and so improving the overall quality of its portfolio."We-ve taken Tropicana all the way from discovery through development and now into production," Graham Ehm, AngloGold Ashanti-s Executive Vice

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AngloGold Says Kibali Gold Mine Starts Early, Within Budget 0

JOHANNESBURG, SOUTH AFRICA — (Marketwired) — 09/25/13 — AngloGold Ashanti (NYSE: AU) reports that the Kibali Gold Mine, a joint venture with Randgold Resources, has successfully delivered its first gold production early and within budget to further improve the overall quality of its portfolio by introducing new ounces at costs lower than its current average."Kibali is a world-class gold mining asset with good growth potential, and it significantly improves the quality of our portfolio,&

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AngloGold Ashanti Employees Return to Work After Two-Year Pay Offer 0

JOHANNESBURG, SOUTH AFRICA — (Marketwired) — 09/06/13 — AngloGold Ashanti (NYSE: AU) can confirm that it has made an offer to its unionised 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

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AngloGold Ashanti Takes Prudent Step to Relax Loan Covenant 0

JOHANNESBURG, SOUTH AFRICA — (Marketwired) — 08/21/13 — AngloGold Ashanti Limited (NYSE: AU) has continued its strategy of proactively managing its balance sheet by reaching agreement with its two banking syndicates to temporarily relax the financial covenant on both of its revolving credit facilities (RCFs). This is purely a proactive step by the company providing it protection, if required, against volatile market and operating conditions.AngloGold Ashanti currently has a single financial

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Dealings in Securities by Executive Director of AngloGold Ashanti Limited 0

JOHANNESBURG, SOUTH AFRICA — (Marketwired) — 08/12/13 — In terms of JSE Listings Requirement 3.63, AngloGold Ashanti (NYSE: AU) gives notice that an executive director of the company has purchased ordinary shares of the company, after receiving clearance to do so as required by Listing Requirement 3.66. Details of the purchase are provided below:This purchase of 12,500 shares by Mr Srinivasan Venkatakrishnan, together with previous purchases of 3,429 shares in February 2013 and 10,000 shares

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AngloGold Q2 Operating Results Solid; Plans Overhead Savings up to $482m 0

JOHANNESBURG, SOUTH AFRICA — (Marketwired) — 08/07/13 — AngloGold Ashanti (NYSE: AU)Solid gold production of 935koz, in-line with guidance provided for the period of 900-950k oz; up 4% from Q1.Total cash costs of $898/oz, better than the adjusted guidance range for the period of $900/oz and $920/oz.$1.25bn bond issue provides additional liquidity; improves debt maturity profile.Net debt at 30 June 2013 was $2.78bn, reflecting a net debt to EBITDA ratio of 1.56 times.Capital expenditure for 2

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AngloGold Ashanti-s Tropicana Starts Commissioning; First Gold Expected in Q3 0

JOHANNESBURG, SOUTH AFRICA — (Marketwired) — 08/01/13 — AngloGold Ashanti (NYSE: AU) — The Tropicana Gold Project (AngloGold Ashanti Australia Ltd 70% and manager, Independence Group NL 30%) has commenced its commissioning phase and is expected to produce first gold in the September quarter."Tropicana is a significant new, low-cost mine in an emerging gold province and will improve the quality of AngloGold Ashanti-s portfolio," Graham Ehm, AngloGold Ashanti-s Executive Vice Presid

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AngloGold Ashanti Holdings plc Announces Commencement of Cash Tender Offer for Any and All of the 3.50% Guaranteed Convertible Bonds Due 2014 of AngloGold Ashanti Holdings Finance plc 0

JOHANNESBURG, SOUTH AFRICA — (Marketwired) — 07/25/13 — AngloGold Ashanti Holdings plc (NYSE: AU) (the "Company") today announced that it has commenced a cash tender offer to purchase for cash any and all of the outstanding 3.50% Guaranteed Convertible Bonds Due 2014 (CUSIP/ISIN Nos. 03512QAA5 / US03512QAA58 and G03791AA1 / XS0430548056) (the "Bonds") of AngloGold Ashanti Holdings Finance plc. The tender offer (the "Offer") is being made upon the terms and subje

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AngloGold Ashanti Announces Pricing of Bond Offering 0

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