| From Mineweb.com: South Africa's big three gold miners, AngloGold Ashanti, Gold Fields and Harmony, are all having to seek new ways of coping with rising costs as their mines get deeper and more costly, and more dangerous, to operate. Faced with falling gold prices and production, new chief executives of Africa's top three gold producers are seeking novel ways to cut costs and expand output to stay afloat.
AngloGold Ashanti, Gold Fields and Harmony Gold so far this year have been bailed out by a strong gold price. Gold hit a lifetime high of $1,030.80 in March, but a global economic slowdown has since seen prices tumble to around $826, removing a shield from ballooning costs and weak output...... Full Article: Source
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