AngloGold Ashanti Announces End of Strike in Three Mines, Production Update

AngloGold Ashanti (NYSE:AU) announced that the strike across its three mines in the Vaal River region has ended, and that gold production for Q3 was lower than expected, due to labour shortages.

As quoted in the press release:

Workers at the Kopanang, Great Noligwa and surface operations returned to work on Monday, 22 October 2012 and those at Moab Khotsong ended their unprotected work stoppage on Tuesday, 23 October 2012. All of these operations have begun the process of ramping up production levels and all returning workers will receive the recently improved wage offer made through the industry’s Collective Bargaining framework.

To view the whole press release, click here.