AngloGold Cuts 10-Year Plan to Extend World’s Deepest Mine

Bloomberg reported that AngloGold Ashanti (NYSE:AU) is trimming risk by cutting plans for an extension of the world’s deepest mine.

As quoted in the market news:

nstead of a $3 billion, 10-year program for a new shaft at Mponeng mine, AngloGold will ask its board early next year to approve using ramps to access deeper levels, Mike O’Hare, the company’s executive vice president for South Africa, told investors.

Click here to read the full Bloomberg report.