JOHANNESBURG  - AngloGold Ashanti , the world's third-largest gold producer, said on Tuesday it expects capital expenditure to double to $1.5 billion dollars by 2013. The company said in a presentation on its website that it then saw capex falling back to 2011 levels by 2015 as some of its projects come on stream. Long-term and large capex outlays will include an estimated $3.4 billion for the company's massive La Colosa project in Colombia, which authorities have said could threaten farming Read more [...]

Crude oil futures rose 1.3% to the highest level since late July after a report showed a sharp increase in Libyan oil production last month. Crude for December delivery climbed $1.26 to settle at $95.52 a barrel on the New York Mercantile Exchange. Crude hit an intra day high of $95.66 earlier in the session. Prices rose despite ongoing concern about the EU sovereign-debt crisis. Sentiment was boosted by rumours that Italian Prime Minister Silvio Berlusconi was preparing to step down. On Read more [...]