Newmont competes with other international gold producers like Barrick Gold, AngloGold Ashanti Ltd. and Goldcorp.
AngloGold is headquartered in Johannesburg, South Africa, and has seven projects in the country.
AngloGold, a subsidiary, will do the same for its 44, 000 workers in southern Africa.
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AngloGold Ashanti is venturing into difficult places such as the Democratic Republic of Congo.
Mr Cutifani will remain as chief executive of AngloGold Ashanti until the end of March.
AngloGold had previously been majority-owned by Anglo American, which has its headquarters in London.
AngloGold Ashanti was formed in 2004 from the merger of AngloGold and Ashanti Goldfields.
It is, though, bearable for cash-rich AngloGold at least while the gold price is buoyant.
AngloGold says it expects earnings for the first half of this year to be sharply down too.
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AngloGold had a sit-in with company management Thursday, which ended Friday, to discuss a safety bonus dispute.
FORBES: Recap Of The Major Mines Impacted By The South African Mine Strikes
About 24, 000 AngloGold workers in South Africa have been taking part in the wildcat action over pay.
BBC: Anglo American and AngloGold chide South Africa strikers
South Africa's AngloGold announced on Friday that it was to extend its offer for Australia's Normandy Mining for another week.
The choice for Normandy shareholders has been between big promises from AngloGold - and a higher cash offer from Newmont.
AngloGold said early in October that it was considering an offer for its mines in the Free State.
South Africa's AngloGold bought Ghana's Ashanti Goldfields earlier this year, and now has 22 operations in 11 countries.
AngloGold Ashanti Ltd shares are currently trading off about 1.7% on the day.
AngloGold Limited is the largest gold producer at 7 million ounces a year, with reserves of 126 m oz.
AngloGold Ashanti Ltd shares are currently trading off about 1.2% on the day.
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AngloGold does not expect to roll out its programme before March next year.
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AngloGold can be financially characterized by high cash generation, substantial reinvestment in long-term growth and the payment of significant dividends.
South African gold miner Anglogold Ashanti, Yamana Gold, Goldcorp, Kinross, and IAMGOLD have scheduled their earnings releases for next week.
After almost doubling in the second half of 2002, Anglogold's shares have come down more than 20% from their January high.
AngloGold Ashanti is among the few that have lagged, as investors express their fears over intense labor disputes in South Africa.
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He did reduce his largest miner position, Anglogold Ashanti Ltd. ( AU), in which he owns a 7.32% stake, by 0.07%.
AngloGold's chief executive Mark Cutifani said in a statement that if the strike continued, there were "risks of a premature downsizing".
BBC: Anglo American and AngloGold chide South Africa strikers
Mining group Anglo American has announced that Mark Cutifani, the current boss of AngloGold Ashanti, will be its next chief executive.
AngloGold Ashanti shares have dropped 39.5 per cent so far this year.
AngloGold is headquartered in Johannesburg and has seven projects in the country.
FORBES: Recap Of The Major Mines Impacted By The South African Mine Strikes
Last month, opposition parliamentarians objected to AngloGold as a meddling foreign firm.
AngloGold released a statement Monday saying that the strikes at its six operations in South Africa continue to be affected by the strikes.
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