The removal of the loss-making ounces will result in a vibrant and sustaining future for the remaining mines in the South African region of AngloGold Ashanti, into which capital expenditure (capex) of $200-million is currently being injected. In outlining this to Creamer Media’s Mining Weekly Online at a media round table, AngloGold CEO Srinivasan Venkatakrishnan said that by eliminating losses at the old Kopanang, TauTona and Savuka mines, the company was securing a vibrant future of the remaining Mponeng, Moab Khotsong and Mine Waste Solutions operations.
