Mponeng being set up as new, cheap, ultradeep mine – AngloGold

The global gold mining industry has reached a point where companies either need to reinvest to bolster their portfolios or turn to mergers and acquisitions, AngloGold Ashanti CEO Srinivasan Venkatakrishnan (Venkat) said on Monday, when he made it clear that AngloGold is firmly in the reinvestment camp, with a pipeline of high-return brownfields opportunities to improve the production mix. Rather than using large capital investments, the company is continuing to unlock value by making lasting operational improvements through innovation.