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AngloGold cuts debt by $1 billion

AngloGold Ashanti, the world's third biggest gold producer by annual output, has reported a 30% reduction in net debt in the year to end-December 2015, lowering the number by nearly US$1 billion.

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In South Africa, Mponeng’s year-on-year performance was impacted by safety-related production stoppages

Most of the fall was thanks to the $819 million sale of the Cripple Creek & Victor asset to Newmont during the financial year, and subsequent repurchase of high-yield bonds with the proceeds.