[miningmx.com] – ANGLOGOLD Ashanti will report second quarter profits eroded by the cost of closing its Yatela mine in Mali and a restructuring of its operations in Ghana, said Bloomberg News citing an announcement by the gold company.
The changes would “impact earnings” while AngloGold Ashanti would also provide $51m for a write-down on its 42.4% stake in Rand Refinery, said Bloomberg News.
AngloGold is reducing costs and “improving the overall quality of its portfolio’ after gold fell 28% last year, said Bloomberg News.
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