AngloGold to cut 430 jobs in Ghana

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AngloGold Ashanti says its Namibia sale in works will result in it cutting 430 jobs in Ghana.

Africa’s top bullion producer, AngloGold Ashanti, is “trying to close a sale” for its small Navachab operation in Namibia and is cutting 430 jobs at its troubled Obuasi mine in Ghana, its chief executive said on Wednesday.

Srinivasan Venkatakrishnan told journalists on a conference call after the group reported a swing back into profit in the third quarter that it had consulted with organised labour over the job cuts in Ghana.