Rand Sinks as South African Electricity Grid Fails

Aurelian Resources Was Stolen By Kinross and Management But Will Not Be Forgotten

The company whose shareholders were better than its management

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Rand Sinks as South African Electricity Grid Fails

posted on Feb 11, 2008 09:05AM

http://www.bloomberg.com/apps/news?pid=20601087&sid=aku9sRQfnyig&refer=home

AngloGold Ashanti Ltd., Africa's biggest gold miner, said last week it will lose 400,000 ounces of production in 2008. The company produced 1.37 million ounces last quarter. Harmony Gold Mining Co., the No. 3 gold producer, lost 300 million rand ($38 million) of production during the five-day shutdown alone.

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