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AngloGold May Lift Output 68% by 2020 Excluding Acquisitions

AngloGold Ashanti Ltd., the third-largest producer of the metal, may increase output 68 percent by 2020 excluding any acquisitions as it seeks to reverse declines.

The company may raise production to 7.6 million ounces, it said today in a presentation on its website, adding the figure was “illustrative.” AngloGold produced 4.52 million ounces last year and is targeting 5.5 million ounces in 2014.