AngloGold Ashanti operates many major gold mines in Africa, including the Obuasi and Iduapriem mines in Ghana, Siguiri in Guinea, and Geita in Tanzania. It also holds shares in the Kibali mine in the Democratic Republic of Congo (DRC). These operations are projected to account for approximately 60% of the Group's gold production, estimated between 75 and 80 tonnes for 2024.
In the first nine months of 2024, AngloGold reported gold production of 1.12 million ounces (about 32 tonnes) in Africa. In its third-quarter report released on November 7, the London-based company noted a decrease of approximately 1% in gold production compared to 2023 (where it produced 1.13 million ounces from January to September).
The Geita, Siguiri, Iduapriem, and Obuasi mines maintained stable performance. However, the company noted an 8% year-on-year reduction in production from Kibali, a mine it co-owns with Barrick Gold in the DRC. Kibali delivered 229,000 ounces in the first three quarters of 2024 compared to 250,000 ounces last year.
Africa contributes about 60% of AngloGold's total production, a figure expected to rise significantly next year with the integration of the Sukari gold mine into the South African company's assets. AngloGold is finalizing its acquisition of Centamin. With this move, AngloGold will take control of Egypt's largest gold mine, which produces 500,000 ounces annually. Additionally, the Doropo gold project in Côte d'Ivoire is poised to enhance AngloGold's portfolio.
Beyond Africa, the company also manages gold mines in Latin America and Australia, aiming for a gold production target of 2.65 to 2.85 million ounces by 2024.
Emiliano Tossou
From Dakar to Nairobi, Kampala to Abidjan, mobile money has become a lifeline for millions of Africa...
Airtel Gabon, Moov sign deal to share telecom infrastructure Agreement aims to cut costs, boo...
• WAEMU posts 0.9% deflation in July, second month in a row• Food, hospitality prices drop; alcohol,...
Malawi votes in high-stakes presidential election Tuesday Economic crisis, inflation dominate vot...
Vision Invest invests $700m in Arise IIP, Africa’s largest private infrastructure deal in 202...
• Norfund loans Mohinani Group to expand plastic recycling in Ghana, Nigeria• Funding boosts rPET production capacity to 15,000 tons per site• Builds on...
• Africa ferry deaths rose 55% in 2024 to 2,033• Most fatalities in Nigeria, DR Congo, Mozambique, report says• Weak regulation, unsafe vessels, poor...
• India set for sugar export comeback in 2025/26 season• Domestic needs, ethanol output met, leaving exportable surplus• Exports may pressure global...
• Zambia aims to triple copper output by 2031 for green tech• Skills gap over 60% threatens mining job opportunities• World Bank urges training reforms to...
Surprisingly, only one African song made it onto Rolling Stone's list of the 500 Greatest Songs of All Time. The track is "Essence," a collaboration...
The Umhlanga Festival, also known as the “Reed Dance,” is one of the most iconic cultural events in the Kingdom of Eswatini in Southern Africa. Every...