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Stock impact report

AngloGold suspends Colombia project after anti-mining vote [Reuters]

AngloGold Ashanti PLC Ordinary Shares (AU) 
US:NYSE Investor Relations: anglogoldashanti.com/investors
Company Research Source: Reuters
AngloGold suspends Colombia project after anti-mining vote BOGOTA South Africa's AngloGold Ashanti has halted all exploration work at its La Colosa project in central Tolima, Colombia, after voters backed a proposal to ban mining in the municipality, the company said on Thursday. The decision comes amid legal wrangling over environmental regulations and community opposition that have worried investors and prompted the mining minister to promise a new law to reconcile central government-granted mining permits with local and judicial concerns. The company, which has been carrying out exploration work at the site outside of the town of Cajamarca for 14 years, said in a statement it "accepted" the result of last month's vote. "Diverse reasons which range from the institutional, the political and particularly the social, with the recent referendum, oblige us to take the unfortunate decision to stop all project activities and with it all employment and investment, until there's certainty a Show less Read more
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