Randgold Resources: Kibali Delivers Progress Despite Challenges 2016-10-18
JERSEY, CHANNEL ISLANDS--(Marketwired - Oct 18, 2016) - Randgold Resources (
LSE: RRS) ( NASDAQ: GOLD)
AngloGold joins Saracen in Carosue Dam North gold search 2016-10-17Dual-listed gold miner Anglogold Ashanti could spend as much as A$25-million to gain a 70% interest in gold exploration tenements located west of its Sunrise Dam gold mine, in Western Australia. The Butcher Well and Lake Carey tenements form part of smaller rival Saracen Mineral Holdings’ Carosue Dam North project area and cover 339.5 km2.
ASX: Farm-in and Joint Venture Agreement with AngloGold 2016-10-16
Illegal miners in Ghana ignore deadline to quit AngloGold mine 2016-10-14Illegal miners operating at AngloGold Ashanti's Obuasi mine in Ghana have ignored a government deadline to leave, delaying company plans to restart production. Up to 5 000 miners were still working at Obuasi in the Ashanti region on Friday, four days after a deadline for them to leave, said Benjamin Annan, spokesperson for the Association of Small Scale Miners. He said relocation plans that would enable them to move were yet to be finalised.
Cash costs plunge below $700/oz at AngloGoldâs Mponeng mine 2016-09-23Mponeng gold mine, near Carletonville, in the North West, currently the world’s deepest mine, was one of the lowest-cost producers in South Africa during the first half of 2016, states South African gold mining major AngloGold Ashanti in its earnings report for the six months ended June 30, released in mid-August. The gold miner highlights that, for the first half of the year, its South African flagship operation, which is undergoing a six-phase expansion project, achieved a cash cost of $692/oz, which reflected a 25% year-on-year improvement.
General 2015-05-10The major reef mined at Kopanang is the Vaal Reef, while a secondary reef, the Crystalkop Reef, is mined on a smaller scale. Mining operations are conducted at depths ranging from 1,350 metres to 2,240 metres. The Kopanang operation comprises a single shaft system. Given the geologically complex orebody occurring at Kopanang, a scattered mining method is used with the orebody being accessed mainly via footwall tunnelling, raised on the dip of the reef and stoped on strike. Kopanang has a gold processing plant that uses both conventional semi-autogenous grinding and carbon-in-pulp technology. There are two streams of ore into the plant, one of which is fed mainly by Vaal Reef ore while the other is fed exclusively by Ventersdorp Contact Reef ore from Tau Lekoa. The orebody to the west of Kopanang's current mining area is being drilled which, if it proves viable, will extend the life of mine.