AngloGold Ashanti Limited (NYSE: AU) has all chances to go up

AngloGold plans to increase annual output by 25%

In brief: AngloGold Ashanti Limited (NYSE: AU) will begin trading with the rise up against the company's ambitious plans.

AngloGold Ashanti Limited (NYSE: AU) may rise in price by 2-3% today – analysts say. Bullish trend observed in the metals market with the auction.

According to press reports, the largest South African gold producer AngloGold Ashanti is planning to increase annual output by about 25% to 4.5 million ounces per year to 5.5 million ounces over the next five years. The company plans to achieve set goals at the expense of growth in North and South America, increasing productivity in Africa and new mines in Australia.

Igor Tringlers
2010-08-16 11:30, Commodities.

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