News Articles for AngloGold Ashanti

Business News has tracked dramatic changes in the ranking of WA's largest goldminers over more than a decade.

Junior explorer DiscovEx Resources has improved the prospectivity of its Spartan gold anomaly after a phase 2 infill and extensional soil sampling program added results up to 544 parts per billion gold. The target sits inside the larger Edjudina project about 250km north-east of Kalgoorlie in Western Australia.

ASX-listed mining software firm K2fly has tabled record growth in key metrics for the June quarter and the 2022 financial year after continuing its hot streak of contract wins. The company posted record results in annual recurring revenue, invoices raised and cash receipts in addition to closing out the financial year with a cashflow-positive quarter of $1.7 million.

Mineral explorer Si6 Metals has completed its second phase of air core drilling at its wholly-owned Monument gold project in WA's Laverton gold district. The 6000m program tested five prospect areas and was designed to follow up on successful drilling from a first phase completed late last year. The campaign encountered a wide range of prospective rocks with assays now pending.

Mineral-explorer Si6 Metals has fired up an air core rig at its Monument gold project in WA's Laverton gold district. The campaign will build upon an initial phase of drilling undertaken in late 2021 where 18 targets were confirmed as prospective for bulk tonnage gold mineralisation. The current round of exploration will see 140 holes over 5000m plunged into five target areas.

Si6 Metals is gearing up to spin the drill bit at its Monument gold project in WA. The 140-hole 5000m air-core program is expected to run for two weeks as the company tests its high-priority intrusive targets identified from the first air core campaign in late 2021. High-priority structural targets along major regional structures identified from geophysical interpretations will also be tested.

K2fly has tabled some healthy numbers from the March quarter with record invoices of $3.3m, maintaining its all-time high total contract values of $16.6m and cracking the $5m mark in annual recurring revenue for the first time. The company operates in the global resources space under a ‘Software as a Service' business model – meaning it delivers its software on a subscription basis.

After successfully shaking the tin for $6.2m, K2fly now has the largest privately owned mining software provider in the world on its register. Australian based Maptek has emerged from K2fly's latest capital raise with a 13.2 per cent holding in the ASX-listed mining software player. The deal also includes Maptek Chairman Peter Johnson taking a seat on the K2fly board as a non-executive director.

Record commodity prices and a flurry of M&A deals have defined the past year for listed resources companies.

Listed contractor Macmahon Holdings has secured further work at the Tropicana and Telfer mines in Western Australia, with the contracts worth more than $600 million in total.

A multi-billion-dollar merger has brought a change at the top of Business News' list of goldminers.

ASX-listed mining technology company K2fly has laid out plans for an executive changing of the guard with Chief Commercial Officer and veteran industry leader Nic Pollock to take the helm as Chief Executive Officer from the start of September this year. Current CEO Brian Miller says he remains committed to the company and will continue as an Executive Director.

Perenti's surface mining business has won a five-year contract for work on AngloGold Ashanti's Iduapriem mine in Ghana.

Alberto Calderon has been appointed as the new chief executive of AngloGold Ashanti, taking the reins from acting chief Christine Ramon in September.

Perenti has revealed an employee working for its Ghanaian joint venture has been found deceased, following an underground collapse at AngloGold Ashanti's Obuasi mine earlier this month.

The search for a missing worker at AngloGold Ashanti's Obuasi mine in Ghana is ongoing, following an underground collapse last week.

AngloGold Ashanti has made way for the $903 million sale of joint venture partner IGO's stake in the Tropicana goldmine, east of Kalgoorlie.

IGO has agreed to sell its 30 per cent stake in the Tropicana goldmine to Regis Resources, which is paying $903 million in cash for the WA asset.

Perth-based mining contractor Perenti has secured further work through its African subsidiary under a two-year contract with AngloGold Ashanti.

The sale of IGO's 30 per cent stake in the Tropicana gold mine appears close to being completed, with Regis Resources tipped as the successful bidder after Gold Road Resources said its offer had not been accepted.

Carey Mining was one of the first private Aboriginal contractors to be established in Australia and it's still going strong.

ASX-listed Dynamic Drill and Blast has secured work on gold and iron ore projects in Western Australia under two subcontracts, with Pilbara Resource Group and Carey Mining.

A rush to consolidate mines could herald a flurry of mergers.

IGO will complete a strategic review of its investment in the Tropicana joint venture after disclosing it has received a number of proposals for its stake in the goldmine.

Subiaco-based Mali Lithium is set to become a gold producer after announcing it will buy out Barrick Gold and AngloGold Ashanti's stake in a West African mine.

Kelvin Dushnisky will step down from his role as chief executive of Johannesburg-based goldminer AngloGold Ashanti in September after serving two years with the company.

Indigenous contractors such as Warrikal, Carey Mining, and Brida illustrate the increasing maturity of the sector.

Nearly 50 drilling projects will be funded through the state government's Exploration Incentive Scheme, with winners including big businesses such as AngloGold Ashanti Australia and Rio Tinto.

Asymptomatic FIFO workers to be tested for COVID-19 as Western Australia records its seventh day in a row with 0 cases.

In an initiative led by the Chamber of Minerals and Energy of WA, the Western Australian resources sector has pledged $6.6 million to Royal Flying Doctor Service Western Operations, Foodbank WA and Lifeline WA.

Mining companies are scaling back their operations, with Newmont Corporation and Kirkland Lake Gold cutting exploration in Australia and others including Rio Tinto shelving some of their international mines.

Independence Group's Nova and Tropicana mines in Western Australia have achieved strong preliminary results, with first-half metal production exceeding guidance by around 9 per cent and 10 per cent respectively.

Ghana Manganese Company has terminated its equipment hire contract with Perenti Global subsidiary African Mining Services, following a temporary suspension of the contract earlier this month.

Perenti Global will exit from two Burkina Faso operations following an ambush on its employees last month, but will continue operating three other mines in the country. The contractor also announced today several new contracts in Australia and Africa.

A series of new contracts and extensions, including an early contractor involvement arrangement with Hazer Group, has brought Primero Group's forecasted FY19 revenue to approximately $150 million.

The boss of gold mining consultancy Surbiton Associates has rejected reports that Australian gold production is set to fall substantially.

Tropicana gold project joint venture partners AngloGold Ashanti and Independence Group have approved the development of a new underground mine at a cost of $105 million.

Vector Resources has acquired a 60 per cent stake of the Adidi-Kanga gold project in the Democratic Republic of Congo, in a cash and scrip deal worth about $14 million.

A pre-feasibility study released today by Peter Bradford-led Independence Group has confirmed the viability of an underground mine at the Tropicana gold project.

The Earbus Foundation of WA has been recognised for its charity work and business structure.