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Property NewsJuly 31, 2007 AngloGold Ashanti is planning three new mines within existing infrastructure in South Africa and Ghana as a stronger gold price has moved parameters for mining, writes Mineweb.
June 30, 2006 Production for the first two quarters totalled 6,096,267 g of gold at a second quarter cash cost of $13.05/g. Also, surface drilling continued with UDSDD 2 reaching a depth of 876m and USDD 3 reaching 1,500m. Reef intersections are expected in the first quarter of 2007. June 30, 2005 A six hole drill program aimed to intersect the Obuasi Fissure 3,400m below surface commenced and was expected to be completed by January 2007. The mine continued in its second quarter an operational improvement, with production up 11% to 102,000oz and total cash costs down 10% to $10.42/g. |
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