AngloGold Ashanti May Debut New Drilling Technology in 2015

Mining Weekly reported that AngloGold Ashanti Ltd. (NYSE:AU,JSE:ANG) is looking to roll out a lot of new technology in 2015. The technology is an alternative to traditional drilling and blasting.

As quoted in the market news:

AngloGold CEO Srinivasan Venkatakrishnan (Venkat) said in response to Mining Weekly Online that the board had been taken to view the roll-out and a presentation on the technology had been given at the company’s last budget session.

For the current budget vote cycle, the board will be visiting test sites.

‘The advantage we have here is progress across all of the sites, not just the test sites,’ Venkat told Mining Weekly Online.

The technology dispenses with conventional drilling and blasting and backfills cavities with ultra high strength cement.

‘We’re still within the timeframe set,’ Venkat said.

Click here to read the full Mining Weekly report.