One of the leading global mining giants, AngloGold Ashanti, posted a strong first-quarter performance, with lower debt and improvements in both production and all-in sustaining costs, driving wider margins and stronger cash flows.

In South Africa, the smaller and more focused footprint delivered an encouraging performance as production from Mponeng increased 29%, while rand-denominated all-in sustaining costs fell 14%.

 

This strong posting happened at the same time when the company reported a mine fatality once again bringing the issue of mine safety to the fore.

 

“Regrettably, two fatalities were recorded during the quarter. South Africa region suffered one fatality following a tramming accident at Moab Khotsong, and an electricity-related fatality occurred in Brazil,” said the company through a SENS statement.

“These incidents are a reminder of the importance of adhering to our safety standards,” added AngloGold Ashanti.

The Association of Mineworkers and Construction Union (AMCU) has since called on the government to convene a Safety Summit to discuss endless fatalities in the sector.

Seven miners died in the first week of May this year following fall of ground at Sibanye-Stillwater’s Masakhane Shaft in Driefontein. About five remain hospitalized and in critical condition.

The group All-Injury Frequency Rate, the broadest measure of workplace safety, was 6.35 injuries per million hours worked for the period, down 28% from the first quarter of last year demonstrating improvement for the fourth consecutive quarter.

 

10 May 2018 by Trust Matsilele