Mining News

Liquid AngloGold Ashanti prioritising cost reduction, operating efficiencies

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Gold mining company AngloGold Ashanti on Monday reported third-quarter production of 613 000 oz, which was 5% higher quarter-on-quarter, excluding Obuasi, the Ghana mine impacted earlier this year by the voluntary suspension of underground mining activities. Newly appointed AngloGold CEO Alberto Calderon has prioritised reductions in all costs, improvements in operating and capital efficiencies and the implementation of a new operating model to ensure accountability and operational consistency and to enhance the company’s positioning through the cycle.

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