AngloGold Ashanti (AU) Backs Geita Expansion In A Big Brownfield Growth Push

AngloGold Ashanti (NYSE:AU) is advancing substantial capital spending at its Geita Gold Mine and several brownfield projects. Management plans to extend mine life and upgrade processing and support infrastructure at Geita as part of the new program. The company is also directing investment to increase gold output across a group of existing operations rather than new greenfield sites. AngloGold Ashanti's decision to pour fresh capital into Geita and other brownfield mines is worth weighing...