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AngloGold to invest over $400m in Guinea gold production

South Africa-based gold producer AngloGold Ashanti plans to boost gold output in Guinea by investing over $400-million in the next eight years, according to an agreement reached this week with the West African country. Guinea is a significant producer of bauxite and iron ore and is also seeking to expand its gold production. This latest deal with AngloGold extends another agreement that had been set to expire in 2019.