Bloomberg News

AngloGold Approves Mponeng, Zaaiplaats Projects

February 15, 2012

(Corrects Mponeng project cost in lead.)

Feb. 15 (Bloomberg) -- AngloGold Ashanti Ltd. approved a $416 million expansion project at its Mponeng mine in South Africa and the Zaaiplaats phase-two project for $395 million.

These are low-risk projects at “cornerstone” mines, Mark Cutifani, the company’s chief executive officer, told investors in Johannesburg today.

--Editor: John Viljoen

To contact the reporter on this story: Carli Lourens in Johannesburg at clourens@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net


Tim Cook's Reboot
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus