AngloGold opens Australia’s fourth biggest mine

Julie-anne SpragueRich List editor

Updated Mar 7, 2014 – 3.37am, first published at 12.05am

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The world’s third-largest gold producer, AngloGold Ashanti , is aiming to further drive down costs across its operations as it formally opened the nation’s fourth largest goldmine in Western Australia on Thursday.

In his first public statement since becoming chairman last month, Sipho Pityana said the company could not bank on the recent rally in the gold price being sustained.

Julie-anne Sprague co-edits our Rich Lists and covers entrepreneurs, wealth creation and investments. A senior journalist in our newsroom, Julie-anne has covered politics, property, agribusiness, retail and stockmarkets in both the UK and Australia.