Anglogold Ashanti Plans Major Job Cuts

By Rory GallivanFeaturesDow Jones Newswires

AngloGold Ashanti Ltd. (ANG.JO) announced possible job cuts on Wednesday as it faces challenges including rising costs and depleted ore reserves.

The South African gold mining company said it would consult with unions over a restructuring that "contemplates some 8,500 roles" out of the its 28,000 employees, including contractors.

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-Write to Rory Gallivan at; Twitter: @RoryGallivan

(END) Dow Jones Newswires

June 28, 2017 07:58 ET (11:58 GMT)