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Srinivasan Venkatakrishnan

AngloGold shares pop up as equity raising ditched, Colombian unlocking mooted

AngloGold CEO Srinivasan Venkatakrishnan The shares of gold major AngloGold Ashanti rose more than 5% in less than an hour on Monday after the company announced the withdrawal of its five-day-old proposal to demerge 35% of its international assets and raise $2.1-billion in equity capital...
15th September 2014

Restructure, recap able to deliver more bang for buck – AngloGold

Srinivasan Venkatakrishnan The restructured and recapitalised AngloGold Ashanti would be able to deliver more bang for the buck as the South African operations morphed from six to three and the international assets were cut loose to strut their own stuff, an upbeat CEO...
11th September 2014

AngloGold springs London Newco surprise, sets out to raise $2.1bn

Srinivasan Venkatakrishnan (Venkat), Johannesburg- and New York-listed gold-mining major AngloGold Ashanti on Wednesday sprung a restructuring surprise with the spinoff of a separate Newco that will be listed in London, along with corporate restructuring and the raising of additional...
10th September 2014
Company Announcement

Collaborative solutions for mining in South Africa PDF Available

A successful mining industry in South Africa is in the interest of all stakeholders – whether directly and indirectly linked to it – i.e. mining companies, government, investors, communities, labour (including unions) and the broader South...
27th August 2014

Earthquake-hit AngloGold cannot say when it will return to normal Video Available

AngloGold Ashanti CEO Srinivasan Venkatakrishnan (Venkat) Gold major AngloGold Ashanti is unable to forecast when it will be back to normal at its earthquake-hit Great Noligwa and Moab Khotsong mines, where it expects to lose 30 000 oz as a consequence of the 5.3 magnitude earthquake near Stilfontein on...
11th August 2014
Company Announcement

AngloGold Output up 17%, Costs Improve on Record Safety Result PDF Available

AngloGold Ashanti reported a 17% increase in production for the second quarter compared with the same period a year earlier, as its two new mines continued to contribute lower-cost ounces, and a strong safety performance helped its South Africa...
11th August 2014

AngloGold Ashanti output up 17%, earthquake-hit mines restarting

AngloGold Ashanti CEO Srinivasan Venkatakrishnan South African gold major AngloGold Ashanti on Monday reported a 17% increase in production for the second quarter compared with the same period a year earlier, with its two new mines continuing to contribute lower-cost ounces, and a strong safety...
11th August 2014

Gold miner increases production, cuts costs

AngloGold Ashanti continues to invest in its US-based gold mine
Gold mining major AngloGold Ashanti increased production by 17% and decreased production costs by 22% in the first quarter of this year, according to a press statement that also revealed the company’s adjusted headline earnings to be...
1st August 2014
Diversified Miners

Mining Lekgotla celebrates achievements, tackles challenges

The Mining Lekgotla is accessible to all industry players, including the youth and the mining communities
The 2014 Mining Lekgotla, which dovetails with the 20-year celebration of the advent of democracy in South Africa, will celebrate the mining industry’s contribution to South Africa’s economy since 1994, says strategic support and advisory...
1st August 2014
Company Announcement

AngloGold Ashanti Appoints Christine Ramon as Incoming CFO PDF Available

AngloGold Ashanti is pleased to announce Christine Ramon will be taking the post of Chief Financial Officer and Executive Director of the Board, from October 1, 2014. She will replace Richard Duffy, who will then step down from both the Board and...
7th July 2014

AngloGold appoints Ramon CFO

Gold miner AngloGold Ashanti has appointed former Sasol CFO Christine Ramon as its CFO with effect from October 1. Ramon would succeed outgoing CFO Richard Duffy, who is stepping down from the gold miner’s board and executive committee.
7th July 2014

Private miner completes acquisition of AngloGold’s Navachab

The Navachab gold mine The acquisition by QKR Corporation of Navachab gold mine, in Namibia, is complete, the private mining company confirmed on Tuesday. QKR president Lloyd Pengilly, a former Johannesburg gold analyst who left JP Morgan to set up QKR, announced the...
1st July 2014
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