The FTSE/JSE Africa Gold Mining Index fell to its lowest level in more than a month as strikes continue at South African gold mines.
The index declined 1.7 percent to 2,309 points by 9:30 a.m. extending its decline to a third day. Shares in AngloGold Ashanti Ltd., the world’s third-largest producer of the metal, fell 2.3 percent to reach its lowest level in more than a month. The stock traded at 281.25 rand ($32.51) by 9:30 a.m. in Johannesburg.
All AngloGold’s employees are still on strike, spokesman Alan Fine said by phone today. Harmony Gold Mining Co., Africa’s third-largest producer of the metal, said 5,400 miners at its Kusasalethu operation are absent.
Gold Fields Ltd., the world’s fourth-largest producer of the metal, today said an unauthorized strike at its KDC West mine is over.