AngloGold Turns Focus on Mining Assets in the Americas

SEATTLE (Scrap Monster): AngloGold Ashanti- the global gold mining company with 21 operations spread across 4 continents announced that it will focus more on projects in Colombia and Nevada.

Speaking on the sidelines of the African Mining Indaba investment conference, Kelvin Dushnisky, Chief Executive Officer noted that the company is confident of good market response to these quality assets, which are currently under study. By bringing these mines to production, the company will stick to its objective of delivering longer-life, lower-cost operations, he added.

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The company’s Colombian operations comprises of two important projects-  the Gramalote gold deposit, a joint venture with B2Gold, and the Quebradona copper/gold deposit, both in the mining-friendly Colombian department of Antioquia. The company is currently at various stages of feasibility study for both the projects. In addition, explorations are underway at the Silicon project in Nevada.

The company had recently announced its decision to sell the entire stake owned by it and its joint venture partner IAMGOLD in the Sadiola gold mine project in Mali. At the same time, it had recently announced restart of Obuasi gold mine in Ghana after five years of shutdown.