Mark Cutifani News
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AngloGold Ashanti Ltd., the third- biggest producer of the metal, said first-quarter profit rose with output following the end of strikes as it focuses on cutting costs.
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AngloGold Ashanti Ltd. has appointed Srinivasan Venkatakrishnan, its finance head, as chief executive officer to lead the third-biggest producer of the metal.
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AngloGold Ashanti Ltd., the world’s third-largest producer of the metal, has a shortlist of bidders for its Navachab mine in Namibia after “good interest” in the asset.
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AngloGold Ashanti Ltd. would make a “seamless” transition if it chose Srinivasan Venkatakrishnan, its finance head and joint interim chief executive officer, to lead the third-biggest producer of the metal after gold prices plummeted, according to two analysts.
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Mark Cutifani, who today replaced Anglo American Plc head Cynthia Carroll, will assess the company’s assets and commodities within the next four months to ensure it’s squeezing the most value from its businesses.
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Anglo American Plc appointed Mark Cutifani as chief executive officer as the mining company seeks to reverse the $14 billion loss of market value it suffered in the five years his predecessor Cynthia Carroll was in charge.
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Anglo American Plc, the world’s biggest platinum producer, said output of the metal fell 2 percent in the first quarter because of strikes at some of its operations.
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AngloGold Ashanti Ltd., the third- biggest gold producer, had a proposal to split its South African assets from mines elsewhere rebuffed by the country’s government, three people familiar with the matter said.
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AngloGold Ashanti Ltd. Chief Executive Mark Cutifani sees splitting off the producer’s South African mines as a viable option, while it doesn’t necessarily offer the best value for all shareholders.
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AngloGold Ashanti Ltd., the world’s third-largest producer of the metal, cut its dividend by half in the third quarter and reduced annual spending plans by $200 million after strikes idled all of its South African mines.
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