
AngloGold impacted by lay-off costs & silicosis provision
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The continent's top bullion producer, AngloGold Ashanti posted lower full-year earnings as a result of impairment charges, lay-off costs associated with its restructuring and a provision for the settlement of the silicosis class action claims and related expenditure - which led to a 93% drop in adjusted headline earnings to 9 million dollars. Company's CEO, Srinivasan Venkatakrishnan joined us on the line for more details on the numbers.





