AngloGold Cuts 10-Year Plan to Extend World’s Deepest Mine
Bloomberg reported that AngloGold Ashanti (NYSE:AU) is trimming risk by cutting plans for an extension of the world's deepest mine.
Articles Tagged "NYSE:AU"
AngloGold Cuts Production Forecast, Switches to Paying Quarterly Dividends
Bloomberg reported that AngloGold Ashanti (NYSE:AU) lowered its expected production target by 9%.
AngloGold Starts Paying 30% Tax Rate in Tanzania
Reuters reported that Tanzania is charging 30% corporate tax to AngloGold Ashanti (NYSE:AU) on its Gelta mine.
Hedge Fund Manager Confirms Bullish Gold Investment Thesis
Traditionally, money managers occupied in more generalized investment mandates often ignore precious metals and dismiss gold. Finding a gold fund that invests in gold is relatively easy, but finding a prominent hedge fund that is heavily predisposed to investing in gold is indeed a more rarified jewel.
AngloGold Sees Stronger Second Half Peformance on Efforts to Meet Targets
Bloomberg reported that AngloGold (NYSE:AU) will increase efforts to meet targets in the second quarter.
OCM Gold Investor Fund
With just over $200 million of assets under management, the size of this fund is relatively nimble, providing greater flexibility for exposure to smaller exploratory positions which can enhance the upside potential in addition to the risk volatility.
Van Eck International Investors Gold Fund
Having long been considered a leading investment in the gold-related arena, Van Eck Global has a track record of managing gold investment products dating well back into the last century. The United States based firm features the Van Eck International Investors Gold Fund, which has an inception date of February 10, 1956.
Striking Gold in Tanzania
Tanzania is the third largest producer of gold in Africa after South Africa and Ghana and is also well known for the Tanzanite gemstones. In addition to gold, the country has expansive amounts of natural resources including gas, uranium, diamonds, coal, iron ore, nickel, copper, chrome, tin, platinum, coltan, niobium, kaolin and other minerals.
Western Australia Gold Rush
About 60 percent of Australia’s gold resources are located in Western Australia, with the remainder in all other States and the Northern Territory. According to USGS estimates, Australia hosts approximately 11 percent of the world’s economic gold resources and is ranked second after South Africa.
Gold Mining in Ghana
Ghana is Africa’s second biggest producer of gold, and hosts more estimated reserves than such prolific gold producing nations as Peru and Papua New Guinea. Last year, production rose more than 12 percent, with output at the country’s two biggest mines increasing.
