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Anglogold Ashanti PLC AU

Anglogold Ashanti PLC is a United Kingdom-based independent, global gold mining company. The Company is focused on a diverse portfolio of operations, projects and exploration activities across nine countries on four continents. The Company also produces silver (Argentina) and Sulfuric acid (Brazil) as by-products. The Company’s portfolio includes Africa, the Americas, and Australia. The Company’s operations include Kibali, managed by Barrick Gold Corporation, Ghana (Iduapriem and Obuasi), Guinea (Siguiri), Tanzania (Geita) and the DRC (Kibali). The Americas hosts three of the Company’s operations, one in Argentina and two in Brazil, as well as two greenfield projects in Colombia and a new greenfield development in Nevada in the United States. Australia hosts two of the Company’s operations, which are Sunrise Dam and Tropicana, both in the north-eastern goldfields in the state of Western Australia. The Company is also advancing exploration activities in the Oko project in Guyana.


NYSE:AU - Post by User

Bullboard Posts
Post by bcjton Nov 24, 2015 9:43am
78 Views
Post# 24319223

Article on mining.com - ZON

Article on mining.com - ZONhttps://www.mining.com/zonte-metals-mulling-legal-actions-against-colombia-after-gold-permit-rejected/ .Gramalotes chances of becoming one of the first modern commercial scale gold mines in Colombia were placed on ice last year, after owners AngloGold Ashanti (NYSE: AU) and B2Gold (TSX: BTO) (NYSE: BTG) decided not to move forward on a feasibility study due to weak gold prices. But a new project that would sit on top of the Gramalote deposit and surrounding areas, may bring new life to the area, as Canadian junior explorer Zonte Metals (TSX-V: ZON) is trying to persuade Colombian authorities to grant them a permit to operate. the request was rejected on the premises the area is too small to hold a mine (less than 30 hectares), but the mining code doesn't set a minimum size for projects in open areas. According to the Nova Scotia-based company, by rejecting its application the Department of Antioquia did not processed in accordance with the countrys mining code. This, as the request was rejected on the premises the area is too small to hold a mine (less than 30 hectares), but the mining code doesn't set a minimum size for projects in open areas. However, Zonte and its local partners say they have been several applications accepted where the total area of exploration was significantly smaller, including a recently issued title that covers less than 0.1 hectares. After initially being rejected, Zonte's partner petitioned the Secretary of Mines on a number of occasions to have the application processed in accordance with the Mining Code. Although these petitions are required to be answered within a specific time frame, they typically went unanswered, or were answered months after the deadline, the company said in a statement. The company has high hopes for its project as Gramalote, located 110km northeast of Medellin, in the department of Antioquia, is reported to contain 2.535 Million ounces of gold in the total measured and indicated categories grading 0.81 g/t gold at a cut off of 0.25 g/t gold. Reply | Quote | Add to favourites
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