Cost cutting in Ghana Saves AngloGold Ashanti $11.4m

AngloGold Ashanti has achieved annual savings of $11,4m by cutting costs at the Ghana-based mine. AngloGold Ashanti vice-president Charles Carter has said the cut in corporate costs was one of several benefits already flowing from the merger.

Carter said combining exploration efforts, and the start of work to improve the performance of the Obuasi gold mine in Ghana, previously an Ashanti asset, were also helping the group.