AngloGold mothballs mine in Brazil as part of global shake-up
Mining company announces the appointment of Richard Jordinson as COO
27 August 2023 - 16:17
AngloGold Ashanti has placed Córrego do Sítio (CDS), its marginal mine in Brazil, under care and maintenance in a decision that forms part of a wider shake-up of its global portfolio.
“The mine has been unable to sustain itself or to fund the capital needed to ensure its long-term future,” AngloGold said in a statement on Friday. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.