World's fourth-largest gold producing firm commits $900 million to expand gold mines in Tanzania, Guinea and Brazil as it seeks to add 400,000 ounces to annual output

AngloGold Ashanti plans to invest about $900 million in expanding existing gold mines in Tanzania, Guinea and Brazil. The company aims to raise its annual output by at least 400,000 ounces by the end of the decade. For African and diaspora readers, the investment highlights Tanzania and Guinea’s role in the mining company’s long-term production plans.

Summary written by SeeCave. The full story belongs to the original publisher.