Mining News

AngloGold keeping close watch on inflation

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Gold mining company AngloGold Ashanti is keeping a close watch on inflation from which its stocking strategies provided delayed impact in the three months to the end of September, CFO Christine Ramon said on Monday, when the company reported higher costs that reflected a significant reinvestment phase. Newly appointed AngloGold CEO Alberto Calderon who has prioritised reductions in all costs, improvements in operating and capital efficiencies and the implementation of a new operating model, described the company as not realising its full potential.

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