Australian contractor Macmahon has confirmed the receipt of a three-year mining services contract with AngloGold Ashanti for its Boston Shaker underground gold operation in Western Australia. The deal, worth A$352 million, now extends its alliance partnership to 1 May 2027 and is expected to generate revenue of $117 million annually. It has been providing services to AngloGold’s Boston Shaker since…
Read MoreContractor Perenti has secured extensions for a trio of contracts in Australia, Ghana and Burkina Faso worth a total of A$420 million. The contract extensions include a 12-month, $125 million contract extension to continue underground development and production works at the Gold Fields Agnew underground gold mine as well as a 12-month, $180 million contract extension at the AngloGold Ashanti’s…
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An Australian operation is serving as the testing ground for the Sandvik TH665B, the largest battery-electric underground mining truck, thanks to a new three-party deal between the OEM, AngloGold Ashanti and Barminco. Full story.
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B2Gold has entered into a purchase agreement with AngloGold Ashanti to acquire AngloGold’s 50% stake in the Gramalote project, located in the department of Antioquia, Colombia. Upon completion of the transaction, B2Gold will own 100% of the gold project. Historically, Gramalote has been advanced under a joint venture between B2Gold and AngloGold, which has led to analyzing the project on…
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AngloGold Ashanti has placed one of its smallest operations, Corrego do Sitio (CDS) in Brazil, on care and maintenance to lower costs and stem runaway losses, reported Reuters. “The mine has been unable to sustain itself or to fund the capital needed to ensure its long-term future,” said AngloGold, noting that there were plans to sell CDS but it failed…
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The transaction to sell U.S.-based Coeur Mining’s Crown and Sterling holdings in Nevada to a subsidiary of AngloGold Ashanti has closed. Read full article.
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Coeur Mining has entered into a definitive agreement with a subsidiary of AngloGold Ashanti to sell its Crown and Sterling properties in Nevada for a cash consideration of $150 million.
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AngloGold Ashanti has brought online a first-of-its-kind remote operations centre As-A-Service programme for its Iduapriem mine in Tarkwa, Ghana, in collaboration with the technology’s developer, Ramjack Technology Solutions. The addition of the remote operations facility is to improve the mine’s overall equipment effectiveness (OEE), the two said. Ramjack’s remote centre, or rROC, is in Johannesburg and will use networked organisation…
Read MoreSouth African operator Harmony Gold has offered confirmation but little in the way of details regarding a September 1 death at its Mponeng mine near Carletonville, in the Gauteng province. Company officials said the fatality was the result of a fall of ground and that operations in the affected section were suspended. Authorities are investigating the event. Harmony did not…
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