Sector: Basic Materials
The company is available at Interactive Brokers
AngloGold Ashanti (JSE:ANG) is an independent, global gold mining company with a diverse, high-quality portfolio of operations, projects and exploration activities across ten countries on four continents.
While gold is AngloGold Ashanti's principal product, the Company also produces silver (Argentina) and sulphuric acid (Brazil) as by-products and will pursue value-creating opportunities in other minerals where it can leverage the Company's existing assets, skills and experience to enhance value creation.
Anglogold Ashanti at a glance
Semi-Annual values ($m)
Change (y/y)
FCF ($m)
Net Debt / Cash and Equivalents ($m)
EV / EBITDA
Potential dynamics
The diplomatic fallout between South Africa and the US couldn’t have come at a worse possible time.
2023-05-15 06:00 +02:00
South African shares are about to round off their strongest quarter in almost two decades, and the influence of the coronavirus pandemic is clear to see in the shares most responsible for driving the market higher.
2020-06-30 04:02 +02:00JSE:AGL JSE:NPN JSE:SOL JSE:GFI JSE:ANG JSE:AVI JSE:JSE JSE:ETO
Unprecedented demand for online services and entertainment during Covid-19 pandemic lockdowns, along with a scramble for haven investments, have helped set South African stocks on course for a record month.
2020-04-30 07:39 +02:00
André de Ruyter, the incoming head of South Africa’s debt-burdened state power utility, engaged in questionable stock sales while working as a senior executive at Sasol in 2013, according to a forensic audit report.
2019-12-20 13:59 +02:00
South Africa’s biggest business lobby criticised the government’s handling of the crisis at power utility Eskom and said it was unrealistic in its approach to the country’s growing debt burden.
2019-08-06 05:30 +02:00
Finance minister Tito Mboweni said a discussion must begin on whether the government needs to retain control of all the assets it currently owns given the poor state of the national finances.
2019-03-25 05:42 +02:00
Gold Fields has appointed Michael Fraser as CEO from January to drive the South African miner`s strategy to find new gold deposits outside of its home country and grow the company in the Americas region.
2023-10-09(Reuters) -Gold miner AngloGold Ashanti will move its primary listing to New York from Johannesburg in a bid to access a deeper pool of investors and reduce risks associated with South Africa, it said on Friday.
2023-05-12South Africa`s Gold Fields said on Tuesday it was setting up a joint venture with Osisko Mining to develop the Windfall gold mining project in Canada.
2023-05-02(Reuters) -Anglo American Platinum`s (Amplats) shares fell more than 5% on Wednesday after the South African miner said its CEO would step down next year to become operations chief at U.S.-based gold miner Newmont Corporation.
2023-02-15JOHANNESBURG (Reuters) -South Africa-based gold miner AngloGold Ashanti has begun a complete review of its assets, its CEO said on Tuesday, in a bid to bridge the gap in performance of its mines compared with rivals.
2022-02-22
* It will share specific targets of asset review by year end (Recasts with details from CEO interview)
2022-02-22
South African miner Harmony Gold on Wednesday cut its forecast for annual gold production by 4% and made a similar increase to its cost guidance due to operational challenges at its Papua New Guinea mine.
2022-01-26
The South African rand fell to more than three-week lows on Tuesday, hurt by subdued risk appetite and after ratings agency Fitch said Africa`s most industrialised economy will continue to face challenges as it seeks to stabilise debt.
2021-09-21South African miner Gold Fields is considering leaving its Johannesburg listing, though a move would not eliminate its share price discount compared to global peers, chief executive Chris Griffith said on Thursday.
2021-08-26
JOHANNESBURG (Reuters) -South Africa`s AngloGold Ashanti Ltd said on Tuesday it had offered to buy all the shares it does not already own in Canadian bullion miner Corvus Gold Inc as it seeks to expand its ore reserves.
2021-07-13
South Africa`s AngloGold Ashanti Ltd said on Tuesday it had offered to buy all the shares it does not already own in Canadian bullion miner Corvus Gold Inc as it seeks to expand its ore reserves.
2021-07-13
South Africa`s Anglogold Ashanti does not need to pursue mergers and won`t add scale for its own sake, its interim chief executive said on Wednesday, dampening speculation it could take part in further deals in the sector.
2021-03-31Sibanye-Stillwater should merge with peers Gold Fields and AngloGold Ashanti to create a gold mining leader which would beat Newmont to the top spot, the miner`s CEO Neal Froneman told South African newspaper Business Day on Monday.
2021-03-08South Africa`s Harmony Gold Mining Co Ltd posted a more than three-fold surge in interim first-half profit on Tuesday, boosted by higher gold prices, increased output and the inclusion of the Mponeng mine into its portfolio.
2021-02-23
South Africa`s rand firmed on Tuesday, building on recent gains as investor demand for high-yielding, riskier assets was spurred by signs the United States would conclude a new stimulus package.
2020-10-20AngloGold Ashanti reinstated but trimmed its annual production guidance on Monday citing improved operating certainty including the expected conclusion of its sale of its South African assets.
2020-09-21
South Africa`s mines ministry has given the green light for the sale of AngloGold Ashanti`s last remaining assets in the country to Harmony Gold on condition that it does not delist from the Johannesburg stock Exchange.
2020-08-26
South Africa`s rand slumped to a new three-week low in an emerging market rout on Friday as investors` hopes for a global recovery were dented by a sharp contraction in the U.S. economy.
2020-07-31
Harmony Gold Mining Company, one of South Africa`s biggest gold miners, said it will start its proposed share sale on Wednesday to raise $200 million to part fund its purchase of a rival company`s assets.
2020-06-24AngloGold Ashanti aims to gradually ramp up to 50% capacity at its Mponeng mine in South Africa after a closure of more than a week because 196 workers tested positive for COVID-19.
2020-06-04
South Africa`s mining industry has so far recorded 320 cases of the new coronavirus, the Minerals Council said on Wednesday as underground mines prepare to ramp up output when Africa`s most industrialised economy eases lockdown measures next week.
2020-05-27
South Africa`s mining production is likely to fall by between 8% and 10% this year due to the COVID-19 pandemic, the CEO of industry body the Minerals Council said on Tuesday.
2020-05-26
Underground production at AngloGold Ashanti`s Mponeng mine in South Africa will remain closed until further notice after 53 employees tested positive for the coronavirus, a provincial health department said in a statement on Sunday.
2020-05-24
South Africa`s rand weakened against the dollar in afternoon trade on Wednesday, with market sentiment bruised by indicators painting a bleak outlook for the economy both at home and globally amid the coronavirus crisis.
2020-05-06
Harmony Gold Mining Company Ltd said on Wednesday it planned to raise up to $200 million via a share issue to fund part of its purchase of AngloGold Ashanti`s last remaining assets in South Africa.
2020-05-06
South Africa`s rand firmed on Tuesday, shaking off a batch of poor domestic data recently, as moves by several countries to ease coronavirus lockdowns lifted global risk appetite.
2020-05-05
The South African rand firmed on Tuesday as risk sentiment globally improved, spurred by stimulus measures and talk by leaders around the world about easing lockdown measures.
2020-04-28
South African mining companies are setting up shared quarantine facilities for miners testing positive for COVID-19 and are discussing other ways to cooperate, as the vital national industry gradually restarts operations halted since late March.
2020-04-28
South Africa`s AngloGold Ashanti on Friday withdrew its production guidance and said it would conserve cash and cut non-essential spending after some operations were suspended due to coronavirus.
2020-03-27
South African stocks gained with global markets on Thursday, lifted by a $2 trillion U.S. coronavirus relief package and a higher gold price, while the rand fell ahead of a lockdown.
2020-03-26
South Africa`s rand weakened on Tuesday as data showed the economy entered its second recession in two years in the final quarter of last year, while stocks edged higher.
2020-03-03AngloGold Ashanti said on Wednesday it would sell its remaining South African assets for about $300 million to Harmony Gold , turning the buyer into the country`s largest gold producer.
2020-02-12
South Africa`s Harmony Gold Mining reported a rebound in interim profits on Tuesday on the back of rising gold prices and said it was looking for acquisitions in its home market, elsewhere in Africa and Papua New Guinea.
2020-02-11
* Power cuts impact production (Adds details on acquisitions)
2020-02-11South African miner Sibanye-Stillwater, which has made an offer for AngloGold Ashanti`s Mponeng, the world`s deepest gold mine, said on Thursday it doubted its bid would succeed.
2020-02-06
South Africa`s rand was flat against the dollar on Friday, struggling for direction after surprise gains in the face of a darkening growth outlook following a week of nationwide power cuts and ongoing uncertainty over U.S.-China trade talks.
2019-12-13State utility Eskom will work to stabilise the power grid by the end of March following South Africa`s most severe blackouts in a decade, President Cyril Ramaphosa said on Wednesday.
2019-12-11
Mines across South Africa shut down on Tuesday after flash flooding triggered the most severe power blackouts in more than a decade, threatening a key export sector in a further blow to the country`s already slowing economy.
2019-12-10JSE:AGL JSE:AMS JSE:S32 JSE:KIO JSE:GFI JSE:IMP JSE:ANG JSE:AVI JSE:MPT
South Africa`s rand tumbled to a two-week low on Tuesday, along with bonds and stocks, as a deepening power crisis and the spreading impact on business operations rattled investor sentiment.
2019-12-10
South Africa`s rand clawed back some lost ground on Wednesday with renewed optimism that China and the United States would strike a trade deal outweighing a surprise third-quarter contraction in the local economy.
2019-12-04
South Africa`s rand weakened on Friday, after nationwide electricity blackouts overnight by ailing state utility Eskom spooked investors and reignited worries about the economy.
2019-11-08
South Africa`s rand firmed against the dollar on Friday thanks to a weaker greenback, while stocks also rose on improved risk appetite, as markets awaited a Moody`s rating review later in the day.
2019-11-01
South African miner AngloGold Ashanti said on Monday that it expects its full-year production will be at the low end of its forecast range after output fell in the third quarter from a year ago and costs rose sharply.
2019-10-28
* CEO says share price rise this year reflects clear strategy
2019-10-28
Sibanye-Stillwater is in talks over a potential acquisition of the world`s deepest gold mine, Mponeng, as current owner AngloGold Ashanti plans its South African exit, Sibanye said on Thursday.
2019-08-29
* Stocks lifted by dovish Fed (Adds latest prices, analyst comments)
2019-06-20
South Africa`s rand inched lower late on Thursday, as investors assessed local political developments ahead of local inflation numbers next week and a decision on U.S. interest rates.
2019-06-13
South Africa`s rand gave up its earlier gains on Thursday as another round of risk selling in global markets fuelled by the U.S.-China trade talks outweighed local election positives.
2019-05-09South Africa`s labor court has rejected a request by the Association of Mineworkers and Construction Union (AMCU) to hold an industry-wide strike covering the platinum and gold sectors, Anglogold Ashanti, Anglo American Platinum and Lonmin said on Friday.
2019-03-15Growing unrest at Sibanye-Stillwater`s South African gold operations has left nine people dead since workers downed tools in November, prompting the country`s mines minister to call on the police to step in and protect the local community.
2019-03-05
South Africa`s labour court has ordered a mineworkers` union to suspend its plans for an industry-wide strike from Feb. 28 to March 7 until it issues a ruling on whether to block the action, the union and producer Lonmin said on Thursday.
2019-02-28
* Approves Quebradona project feasibility study (Recasts with asset sale, adds CEO comments)
2019-02-19South African utility Eskom imposed the worst power cuts in several years on homes and businesses last week, conjuring up memories of the 2008 crisis when the grid nearly collapsed and cost the mining industry billions in lost output.
2019-02-18
* Stocks rebound from worst single-day fall since August (Adds latest prices, analyst comments, stocks)
2019-01-03
South African markets rallied after the appointment of former central banker Tito Mboweni as finance minister, an ANC insider and ally of President Cyril Ramaphosa expected to focus on wooing investors and reviving an economy in recession.
2018-10-10
* Stocks down but spot prices lift gold producers (Adds latest figures, analyst comments)
2018-10-02
