ALSO READAngloGold Ashanti's CEO quits to take top job at Vedanta Resources Srinivasan Venkatakrishnan appointed CEO of Vedanta Resources Exclusive: Sibanye says clears most illegal miners from gold shafts Six killed in Ghana gold mining site collapse: company South Africa gold miners seen close to silicosis lawsuit settlement
Venkatakrishnan's appointment comes as a rebound in metals prices has prompted the miner to expand production of zinc and aluminium, enabling it to continue its recovery after being particularly hard hit by the commodities slump that ended in 2016.
However, the company has been facing protests against a proposed expansion of the company's copper smelting plant in southern India and said last month it would take a charge up to $600 million due to the closure of its iron ore business in the country.
Under Venkatakrishnan's leadership, AngloGold beat or met market expectation for five years with all in-sustaining-costs falling 16 percent and production rising 26 percent, the company said. However, shares of the company feel nearly 34 percent in the period.
Kaura was named as Vedanta's interim CEO in August as the company hunted for a new head to replace Tom Albanese, who was asked to delay his departure by five months.
Shares in Vedanta fell almost 20 percent while Albanese held the top job and have moved down about 3 percent since his departure.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)