AngloGold Plans to Boost Output, Reduce Costs After Second-Quarter Profit

(Bloomberg) -- AngloGold Ashanti Ltd., Africa's
largest gold producer, said it will increase production and
reduce costs after posting a 1.08 billion-rand ($152.3 million)
second-quarter profit.

Net income was 3.85 rand a share, compared with a loss of
150 million rand, or 53 cents, in the first quarter, the
Johannesburg-based company said today in a statement. Chief
Executive Officer Bobby Godsell, 54, also announced his
retirement after almost a decade in his post.


Read more at Bloomberg Emerging Markets News

Two AngloGold miners killed in S.Africa rock fall

(Reuters) - Two miners were killed after a rock fall deep underground at a mine owned by AngloGold Ashanti Ltd, the world's third-biggest gold producer, a company official said on Sunday.

The two miners had been trapped for close to 48 hours at the Moab Khotsong mine in the country's North West province, and their bodies were recovered in the early hours of Sunday, said Steve Lenahan, a spokesman for AngloGold.


Read more at Reuters Africa