Anglogold Anshanti

Anglo American (LON:AAL), Kinross Gold (NYSE:KGC) and AngloGold Ashanti (NYSE:AU) All Drop As Gold Prices Fall

Gold miners have been taking a hit today, especially right before noon, when traders tend to make their moves, and gold prices along with it. Anglo American (LON:AAL) (AAUKF:PK), Kinross Gold Corp (TSE:K) (NYSE:KGC) and AngloGold Ashanti (NYSE:AU) all dropped in unison with gold prices during that time. Anglo American was down to 2,358.00 in London, shedding $115.50, or 4.67 percent, as of 11:35

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Goldman (NYSE:GS) Downgrades Randgold (Nasdaq:GOLD), AngloGold Ashanti (NYSE:AU)

Goldman Sachs (NYSE:GS) downgraded Randgold (Nasdaq:GOLD) and AngloGold Ashanti (NYSE:AU) today, both from “”Neutral” to “Sell.” The reasoning behind the downgrades are the shares already have priced into them the value of the increase in gold prices, so they don’t have a lot of room to grow. Goldman’s downgrade did have a negative impact on Randgold, as it dropped almost 1 percent to $93.30,

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AngloGold (NYSE: AU) Commits to Tropicana Gold Project

AngloGold Ashanti Ltd. (NYSE:AU) announced it’ll begin working on its Tropicana gold project in Western Australia, now that a deal has been reached with mining companies in Australia over the super tax. The new so-called resources tax will entail only coal and iron ore, making the company change its mind over the project. Many mining companies had decided to stop, delay or ignore Australia when

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AngloGold Ashanti (NYSE:AU) Down on Great Gold Day

AngloGold Ashanti (NYSE:AU) was one of the few poor gold performers on Friday, on a day which broke another record at the close of $1,256.50, an increase of $11.30 on the day.The news yesterday that they were going to focus on developing mining projects outside Australia because of the 40 percent super tax, seems to have overshadowed the rest of the good news related to gold. This isn’t

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AngloGold (NYSE:AU) Latest to Shrink Australian Investment on Mining Super Tax

AngloGold Ashanti Ltd. (NYSE:AU) is the latest mining company to put a hold on Australian projects, as the inability to turn much of a profit from mining operations in the country has miners fleeing to more profitable areas of the world.”While we are still committed, what should be a 20-year development that our industry so desperately needs, has slipped back down the project priority list,” CEO

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AngloGold Ashanti (NYSE:AU), Randgold (Nasdaq:GOLD), Gold Fields (NYSE:GFI), Harmony Gold (NYSE:HMY) Rise on Gold Prices

Like their American counterparts, gold ADRs like AngloGold Ashanti (NYSE:AU), Gold Fields (NYSE:GFI), Randgold Resources (Nasdaq:GOLD), and Harmony Gold Mining (NYSE:HMY) have performed strongly today, as gold recovers from its recent plunge and price and continues its upward climb.AngloGold continues with its nice recent run, as it was up $1.22, or 2.89 percent, as of 2:45 PM EDT, reaching

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Morgan Stanley (NYSE:MS) Covering Gold Fields (NYSE:GFI) and AngloGold Ashanti (NYSE:AU)

South African-based gold miners Gold Fields (NYSE:GFI) and AngloGold Ashanti (NYSE:AU) are now being covered by Morgan Stanley (NYSE:MS), and they opened their ratings with an “Equal Weight” on Gold Fields and an “Underweight” on Anglogold Ashanti. Both gold companies were down in New York today as a slight correction took place after another recent session breaking all-time highs. Gold Fields

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AngloGold Ashanti (NYSE:AU), Gammon (NYSE:GRS), Iamgold (NYSE:IAG) All Down

Even though macro-economic conditions are positive for gold and gold mining companies, the news that job creation was only about 5 percent in the private sector of America wasn’t enough to quickly turn around gold miners like AngloGold Ashanti (NYSE:AU), Gammon (NYSE:GRS), Iamgold (NYSE:IAG), who along with most gold companies trading in New York dropped on the day.Gold futures on the other hand

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John Paulson’s Gold Investments Mixed in 2010

Kinross Gold (NYSE:KGC), SPDR Gold Trust (NYSE:GLD) and Anglogold Ashanti (NYSE:AU) are all part of the massive gold holdings of hedge fund manager John Paulson, and so far in 2010 they haven’t done a lot to increase the value of the fund, although Anglogold and the SPDR Gold Trust have helped some over the last six months, at least generating gains during that time. Although that is the case so

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AngloGold Ashanti (NYSE:AU) Stops Services to Pamodzi Gold Liquidators

AngloGold Ashanti (NYSE:AU) said they have stopped supplying services to Orkney mines, which had been owned by Pamodzi Gold Ltd. The mines are under provisional liquidations at this time. “Our decision follows the failure of the liquidators of Pamodzi Gold Orkney to settle debt of about 38 million rand owed to us for services supplied to the operation over the past 10 months,” the company said

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AngloGold Ashanti (NYSE:AU), Newmont (NYSE:NEM) Not Affected by Ghana Royalty Increase

AngloGold Ashanti (NYSE:AU) and Newmont (NYSE:NEM) will not be immediately affected by the increase in royalties from Ghana, the second-largest gold producer in Africa, behind South Africa. Royalties for other gold miners in the country have been increased from 3 percent to 6 percent, with some like AngloGold Ashanti and Newmont Mining receiving temporary exemptions. Gold production in Ghana

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Gold Fields (NYSE:GFI), AngloGold Ashanti (NYSE:AU) Continue Plunge

South African miners Gold Fields (NYSE:GFI) and AngloGold Ashanti (NYSE:AU) continued their plunge, along with the prices of gold today, as the gold correction continues, and investors put their money into what they consider safer investments.Many investors have also been taking profits from the recent soaring gold prices, as well as the shorts have been betting against it, pushing down prices

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