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Wednesday, March 31, 2010

AngloGold Ashanti's (NYSE:AU) Iduapriem Mine

AngloGold Ashanti Storage Unit at Iduapriem Mine

AngloGold Ashanti (NYSE:AU) said yesterday it will resume production at its Iduapriem Mine in Ghana sometime in April.

After some possible negative effects from tailings from a storage unit, the gold miner suspended operations at the mine once a temporary storage unit is built.

AngloGold received permission from the Environmental Protection Agency of Ghana to build the temporary storage until they could get a permanent one in place, which should be completed by the early part of 2011.

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