AngloGold to suspend South Africa operations

In response to the country’s lockdown effort to slow the spread of Covid-19, AngloGold Ashanti (JSE: ANG) announced Tuesday it will temporarily suspend production from its South Africa operations for three weeks as of midnight on 26 March 2020.

Mines will be placed on care and maintenance over that period, AngloGold Ashanti said.

The miner’s South Africa operations include the Mponeng and Mine Waste Solutions and surface rock-dump processing operations. These operations produced 419,000 oz in 2019.

AngloGold said last week that it would suspend production at its Cerro Vanguardia mine in Argentina until the end of the March, in line with a suite of Covid-19-related work and travel restrictions imposed by the Argentinian government.

The rest of AngloGold Ashanti’s mines continue to operate, employing a range of measures to mitigate the risk of the spread of the Covid-19 virus.