As GlencoreXstrata reports its first set of results on Tuesday since merging in May, it is predicted the company will write down the value of its Xstrata assets by as much as $US7.61 billion.
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Tropicana project ramps up, expects first gold this year
AngloGold Ashanti and Independence have begun the commissioning stage of the highly prospective Tropicana gold project, and expect first gold next month.
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AngloGold set for $2.6bn asset writedown
As gold prices tumble and goldminers around the world slash their asset values by billions of dollars, AngloGold Ashanti is another company to join the ranks.
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Automation: Gold’s saving grace
Gold prices have plummeted in the past six months, forcing miners to implement tough spending regimes which squeeze every last drop out of capital expenditure budgets and go in search of operational efficiencies.
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Six-fold profit increase for AngloGold
AngloGold Ashanti has recovered from major strike action in South Africa to post a six-fold increase in quarterly profit.
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AngloGold blames labour cost for $82 million blowout
AngloGold Ashanti has blamed an overheated construction market in Western Australia for a $82 million blow-out at the Tropicana project.
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Cutifani slated for Anglo American top job
AngloGold Ashanti CEO Mark Cutifani is reportedly close to being snapped up for Anglo American's open CEO position.
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Tropicana increases resource
The massive Tropicana gold project has dramatically increased its mineral resources at the site.
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Tough run for world’s top ten gold miners
Despite being the top ten gold miners in the world during historically high prices, getting on top, and staying there, is difficult.
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AngloGold Ashanti to spend $800 million in WA
AngloGold Ashanti says it will be spending over $US800 million on Australian projects in the next two to three years.
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