World's fourth-largest gold producer 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 spend about $900 million expanding existing gold mines in Tanzania, Guinea and Brazil. The company aims to raise its annual production 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 company’s growth plans and signals further development of their gold-mining operations.

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