Power cut in SA cost AngloGold 20,000 ounces

By Cecilia Jamasmie

Gold miner AngloGold Ashanti (NYSE:AU), the world’s third-largest producer of the precious metal, warned Monday a power failure that cut electricity supply to some of its South African operations would reduce first-quarter production in about 20,000 ounces and increase costs.

State-owned power utility Eskom reported last week that a fire …read more