AngloGold Ashanti to cut $500m costs, sell Navachab in Namibia and suspend Mongbwalu in DRC

AngloGold Ashanti Ltd., the third-biggest producer of the metal, said profit rose with output in the first quarter after strikes ended. Accordding to Bloomberg from South Africa, Adjusted headline earnings, which exclude one-time events such as asset sales, climbed to $113 million, or 29 cents a share, from $19 million, or 5 cents, in the previous quarter, the Johannesburg-based company said on Monday 13th in a statement.