Strike three for South African miners
GOLD production fell by at least 40,000oz during the third quarter, largely as a result of strike action at AngloGold Ashanti’s operations in South Africa, where the miner began laying off workers at one of its holdings. AngloGold’s output for the quarter ended September 30 was 1.03 million ounces of gold, well below its guidance of between 1.07moz and 1.10moz. Unit total cash costs were previously forecast at between US$835 and US$865 per ounce, but the company said lower production would impact these figures. Meanwhile, AngloGold began letting go of workers at its West Wits operations at the same time as employees at three other mines at Vaal River ended their industrial actions. About 12,000 workers at the Mponeng, TauTona...