Mining News

AngloGold Ashanti makes progress on capital projects

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Gold miner AngloGold Ashanti has revised upward its capital expenditure guidance for the full-year to between $1.03-billion and $1.19-billion, from the previous guidance of $990-million to $1.14-billion. The company, in its results presentation for the six months ended June 30, mentioned that more capital will be required in relation to the Obuasi Redevelopment Project – at last $35-million in sustaining capital and at least $70-million in nonsustaining capital expenditure – and an additional cost of $50-million required for its Brazil tailings compliance programme.

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