Commodities Buzz: AngloGold Ashanti Production from retained operations is expected to increase by 4% in H1 2018

AngloGold Ashanti will release results for the half year ended 30 June 2018. Production from retained operations (excluding closed and sold operations) for the period is expected to increase by 4% to 1.578 Moz from 1.517 Moz for the half year ended 30 June 2017. This is due to strong production improvements from Sunrise Dam, Kibali, Iduapriem, Mponeng and Tropicana. International operations contributed 87% and South African operations 13% respectively to the Groups production from retained operations. Given the sale of Moab Khotsong and Kopanang mines in the first quarter of 2018, and the closure of TauTona at the end of last year, which together resulted in a net year on year reduction of 180,000oz, production for the period is expected to be 1.629 Moz, compared to 1.748 Moz in the comparative period.