SOUTH AFRICA – Johannesburg Stock Exchange listed Harmony Gold, which is in the process of introducing 30 MW of own-generation solar power into its electricity mix, has begun the phasing in of the first 10 MW of renewable energy generation. “Generating our own power from solar power is the way to go,” Harmony Gold Chief Executive Officer Peter Steenkamp said in response…
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Mining firm AngloGold Ashanti picks Maria Ramos as new chairperson
SOUTH AFRICA – The board of global gold mining company AngloGold Ashanti has announced the appointment of independent non-executive director Maria Ramos as the new chairperson of the board with immediate effect. Ramos succeeds Sipho Pityana who has resigned from the board. The Board noted the significant contribution made by Mr Pityana to the company since his appointment to the…
Read MoreAngloGold Ashanti and Barrick Gold conclude sale of their interest in Morila Limited
MALI – AngloGold Ashanti and Barrick Gold have concluded the sale of their interest in Morila Limited, which owns 80% of the Morila gold mine in Mali, to Firefinch (previously named Mali Lithium) for US$28.8 million. The state of Mali continues to hold the remaining 20%. The net proceeds to AngloGold Ashanti’s account will be US$3.6 million taking into consideration…
Read MoreAnglogold Ashanti launches agribusiness programme to support host communities in Ghana
GHANA – Gold mining giant AngloGold Ashanti Ghana has launched a new Agri business programme dubbed ‘Obuasi Goes Agro (OGA)’ to support socio-economic development of host communities in Ghana. The programme, launched in Adaase, a farming community in Obuasi, is one of the flagship socio-economic development interventions of AngloGold Ashanti which is part of their three (3) year Social Management…
Read MoreAngloGold Ashanti receives approval to sell its South African mines
SOUTH AFRICA –AngloGold Ashanti has announced that it has met all the conditions with respect to the sale of its remaining mines in South Africa to Harmony Gold Mining Company Limited. It includes the unconditional approval by the Department of Mineral Resources and Energy for the transfer of the West Wits mineral rights from AngloGold Ashanti to Harmony. Consequently, the…
Read MoreAngloGold and Barrick Gold to offload stakes in Mali’s Morilla Gold Mine
MALI – Gold mining giants, AngloGold Ashanti and Barrick Gold have made public their plans to sell their effective 80% stake in the Morila Gold Mine in Mali to Australia based Mali Lithium. The decision to offload their stakes at the mineral mine which is popularly known as Morilla the Gorilla comes against a backdrop of political crisis occasioned by…
Read MoreHarmony Gold gets a greenlight to purchase the remaining assets of AngloGold Ashanti
SOUTH AFRICA – The Department of Minerals and Energy (DMRE) has given the green light for the sale of AngloGold Ashanti’s last remaining assets in the country to Harmony Gold on condition that it does not delist from the Johannesburg stock Exchange. Harmony agreed in February to buy rival AngloGold Ashanti’s assets in South Africa, including Mponeng, the world’s deepest…
Read MoreGold mining giant AngloGold Ashanti reports 376% rise in free cash flow amid surging gold prices
AFRICA – AngloGold Ashanti, one of the largest gold mining companies operating in Africa has posted a colossal surge in half-year free cash flow generation as prices of gold continued to rise buoyed by increased demand. According to a report by Mining Weekly, AngloGold Ashanti’s free cash flow before growth capital, the metric on which dividends are calculated, rose 376%…
Read MoreAngloGold Ashanti appoints Kojo Busia as independent non-executive director
GHANA – AngloGold Ashanti, one of the world’s largest gold mining companies has appointed Dr. Kojo Busia to the company’s board as the new independent non-executive director. AngloGold Ashanti said in a statement that Kojo’s appointment was in compliance with the Listings Requirements of the Johannesburg Stock Exchange Limited adding that the appointment was effective as from August this year.…
Read MoreAngloGold reaps big from strengthening gold prices, earnings jumps by 72%
GHANA – AngloGold Ashanti has reported a 72% leap in annual earnings boosted by higher bullion prices and its Kibali joint venture in Democratic Republic of Congo, GhanaWeb has reported. The gold miner which is still forging ahead with a disposal plan to focus on higher returns said it was selling its last remaining South African assets to Harmony Gold…
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