Today's Labour News

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anglogoldashantiMining Weekly reports that AngloGold Ashanti set a new safety record, the Johannesburg- and New York-listed gold producer advised on Thursday.  

The company achieved four consecutive quarters and a total of 449 days without a fatality, a first in the history of AngloGold, which operates Mponeng, the world's deepest mine.  "Mponeng has operated very well from a safety perspective and is improving," CEO Kelvin Dushnisky indicated.  The second-quarter all injury frequency rate of 3.07 injuries per million hours worked was a 27% improvement on the first quarter.  Meantime, AngloGold is streamlining its portfolio to ensure greater management focus and to concentrate its capital on projects delivering the highest returns.  The company has received strong interest for its remaining South African assets.  Separate sale processes are underway for its holdings in the Cerro Vanguardia mine in Argentina and the Sadiola mine in Mali.

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