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![AngloGold’s 2012 Profit Was $924 Million, Compared With 2011 $1.3Billion [Despite 29% Decline] Was '2nd-Highest Ever'](http://woodlawnpost.com/wp-content/uploads/2013/02/180789-oegussa-plant-gold-90x65.jpg "AngloGold’s 2012 Profit Was $924 Million, Compared With 2011 $1.3Billion [Despite 29% Decline] Was '2nd-Highest Ever'")
SOUTH AFRICA – AngloGold’s is the world’s 3rd largest producer of precious metal’s. The company said that its 2012 full year profit was $924 million, compare with $1.3 billion in 2011. AngloGold attributes the 29% decline with [unprotected strike and safety stoppages] in South African operations, that resulted in production decline. Despite the $208m lost to the [...]
VANCOUVER - Barrick Gold Corporation presented during the CIBC Investor Conference at 4:00pm PST and EVP & CFO Ammar Al-Joundi discussed how Barrick Gold has positioned itself as one of the “best” gold mining companies based on [quality of mine/life & gold production] capacity. “We are only gonna spend money if it makes money for our shareholders,” Barrick [...]
SOUTH AFRICA - Established by the Chamber of Mines of South Africa in 1920, Rand Refinery is the largest integrated single-site precious metals refining and smelting complex in the world. The company is considering setting up a refining plant in China, a senior executive said on Friday and the refiner expects to complete a sampling and assaying [...]
JOHANNESBURG - Gold Fields is one of the world’s largest unhedged producers of gold with attributable annualised production of 3.5 million gold equivalent ounces from eight operating mines in Australia, Ghana, Peru and South Africa. The company announced the creation of a new South African gold mining company through the proposed unbundling of its 100% owned [...]
LONDON - ABG is Tanzania’s largest gold producer and one of the five largest gold producers in Africa. The company reported that it had received the renewals of its special mining licences (SMLs) at its North Mara project, in Tanzania. Renewal of North Mara Special Mining Licences Renewed on existing terms and conditions and for a 15 year [...]
JOHANNESBURG – The world’s No 2 platinum producer Impala Platinum (Implats) on Friday reported a 17% increase in gross platinum production across the group. The Rustenburg strike in January and February, effected South Africa’s platinum, gold and iron ore mines this year. At Rustenburg, the company said “operational performance continues to be impacted by the uncertain [...]
Harmony Gold Mining Company announced that the September 2012 quarter was a solid start to financial year 2013. Gold production at continuing operations increased by 8% to 10 013kg (321 924oz), while operating profit is 9% higher at R1.4bn (US$171 million). The Company (Harmony) kicked off its new financial year in style posting a R1.4bn [...]
AUSTRALIA – Newcrest is one of the world’s top five gold mining companies by production, reserves and market capitalisation. Newcrest operates mines in four countries, and has a global workforce exceeding 19,000. In a effort to compete with the mining GIANT, the CEO of AngloGold Ashanti (NYSE:AU) says the company is considering spinning of company [...]
JOHANNESBURG – Gold One International Limited announced the company’s September 2012 quarter results, in which a total of 59,642 ounces of gold was produced for the Gold One group. This reflects a 5% decrease on the June 2012 quarter’s production primarily as a result of the ongoing production build up at Modder East post the [...]
TANZANIA is Africa’s 4th biggest gold producer. Gold export earnings increased 47% to $2.226-billion in 2011. Major gold mining companies in Tanzania include African Barrick Gold, which has four gold-producing mines, AngloGold Ashanti and Resolute Mining and African Barrick Gold is the only company that has so far publicly announced it will pay the new 4% royalty rate. [...]
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