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AngloGold Ashanti Brasil
AngloGold Ashanti Brasil
Published: 2014/08/01
Channel: AuDITIONS Brasil
AngloGold Tropicana Gold Mine
AngloGold Tropicana Gold Mine
Published: 2015/07/16
Channel: Courtney Waller
AngloGold Ashanti goes ahead with retrenchments
AngloGold Ashanti goes ahead with retrenchments
Published: 2017/07/20
Channel: SABC Digital News
AngloGold Ashanti reports a 610 million-dollar loss
AngloGold Ashanti reports a 610 million-dollar loss
Published: 2017/08/21
Channel: SABC Digital News
Anglogold Ashanti not divesting from SA
Anglogold Ashanti not divesting from SA
Published: 2017/02/07
Channel: SABC Digital News
AngloGold Ashanti Group tests new boring technology
AngloGold Ashanti Group tests new boring technology
Published: 2016/04/25
Channel: CGTN Africa
NUM angered by AngloGold Ashanti retrenchment plans
NUM angered by AngloGold Ashanti retrenchment plans
Published: 2017/07/06
Channel: SABC Digital News
NUM angered by AngloGold Ashanti retrenchment plans
NUM angered by AngloGold Ashanti retrenchment plans
Published: 2017/06/29
Channel: SABC Digital News
AngloGold Ashanti - Hot or Not
AngloGold Ashanti - Hot or Not
Published: 2017/07/06
Channel: CNBCAfrica
Enough Growth In Our Backyard, Not Looking At Acquisitions: AngloGold Ashanti CEO | BMO Conference
Enough Growth In Our Backyard, Not Looking At Acquisitions: AngloGold Ashanti CEO | BMO Conference
Published: 2014/02/28
Channel: Kitco NEWS
AngloGold Ashanti - Hot or Not
AngloGold Ashanti - Hot or Not
Published: 2017/04/21
Channel: CNBCAfrica
AngloGold Ashanti - Hot or Not
AngloGold Ashanti - Hot or Not
Published: 2016/07/06
Channel: CNBCAfrica
Somos AngloGold Ashanti Colombia
Somos AngloGold Ashanti Colombia
Published: 2012/10/22
Channel: AngloGold Ashanti
Piedras Vs Anglogold Ashanti
Piedras Vs Anglogold Ashanti
Published: 2013/03/29
Channel: NoticiasUnoColombia
Institucional AngloGold Ashanti Brasil - AuDITIONS
Institucional AngloGold Ashanti Brasil - AuDITIONS
Published: 2016/02/16
Channel: AuDITIONS Brasil
Programa visita a mina de ouro Cuiabá - AngloGold. Fundição em Nova Lima e fabricação de jóias.
Programa visita a mina de ouro Cuiabá - AngloGold. Fundição em Nova Lima e fabricação de jóias.
Published: 2017/01/21
Channel: Atoni Ernesto
NUM reacts to AngloGold Ashanti retrenchments
NUM reacts to AngloGold Ashanti retrenchments
Published: 2017/06/29
Channel: SABC Digital News
Illegal miners in Ghana risk lives to survive closure of AngloGold Ashanti
Illegal miners in Ghana risk lives to survive closure of AngloGold Ashanti's Obuasi mine
Published: 2016/09/02
Channel: africanews
AngloGold Ashanti - Sunrise Dam Gold Mine
AngloGold Ashanti - Sunrise Dam Gold Mine
Published: 2013/07/24
Channel: Steve Nichols
Carlos Enciso, de @AGAColombia (Anglo Gold Ashanti), sobre el proyecto minero de La Colosa
Carlos Enciso, de @AGAColombia (Anglo Gold Ashanti), sobre el proyecto minero de La Colosa
Published: 2015/09/06
Channel: Víctor Solano
AngloGold Ashanti AuDITIONS 2013 | 2014 Fashion Film
AngloGold Ashanti AuDITIONS 2013 | 2014 Fashion Film
Published: 2014/03/25
Channel: Design Indaba
AngloGold Ashanti - Hot or Not
AngloGold Ashanti - Hot or Not
Published: 2016/11/03
Channel: CNBCAfrica
Anglo Gold Ashanti ordered to reinstate workers
Anglo Gold Ashanti ordered to reinstate workers
Published: 2015/11/05
Channel: SABC Digital News
AngloGold Ashanti plans to retrench over 8 thousand workers
AngloGold Ashanti plans to retrench over 8 thousand workers
Published: 2017/06/29
Channel: SABC Digital News
La Fiebre del Oro de Ghana - AngloGold Ashanti
La Fiebre del Oro de Ghana - AngloGold Ashanti
Published: 2011/03/20
Channel: ColombiaSolidarity
MINERAÇÃO - Anglo Gold Ashanti - Museu das Minas e do Metal
MINERAÇÃO - Anglo Gold Ashanti - Museu das Minas e do Metal
Published: 2013/04/21
Channel: Roberli Schuina
AngloGold Ashanti (ANG)
AngloGold Ashanti (ANG)
Published: 2015/04/22
Channel: Gary Booysen
TV Banqueta - JB - AngloGold Ashanti abre vagas para estagiários - 08/02/2017
TV Banqueta - JB - AngloGold Ashanti abre vagas para estagiários - 08/02/2017
Published: 2017/02/08
Channel: TV Banqueta
AngloGold Ashanti
AngloGold Ashanti
Published: 2014/08/16
Channel: Theben Moodley
Public Eye Awards 2011 - Vote for AngloGold Ashanti
Public Eye Awards 2011 - Vote for AngloGold Ashanti
Published: 2011/01/10
Channel: PublicEyeAwards
NUM members march to the Anglogold Ashanti Headquarters
NUM members march to the Anglogold Ashanti Headquarters
Published: 2017/08/05
Channel: SABC Digital News
The case of the AngloGold Ashanti Iduapriem Mine in Ghana
The case of the AngloGold Ashanti Iduapriem Mine in Ghana
Published: 2009/01/10
Channel: FIANgermany
AngloGold Ashanti trebles free cash flow, cuts debt
AngloGold Ashanti trebles free cash flow, cuts debt
Published: 2016/08/15
Channel: SABC Digital News
Ghana: Government to revive Anglogold Ashanti
Ghana: Government to revive Anglogold Ashanti
Published: 2017/02/09
Channel: Ghana Broadcasting Corporation
S.O.S. MULTINATIONAL COMPANIES MEDORO, GREYSTAR & ANGLO GOLD ASHANTI  ASSASSINS IN #COLOMBIA #GREEN
S.O.S. MULTINATIONAL COMPANIES MEDORO, GREYSTAR & ANGLO GOLD ASHANTI ASSASSINS IN #COLOMBIA #GREEN
Published: 2010/11/16
Channel: Inca Ramirez
ANGLOGOLD ASHANTI DO BRASIL
ANGLOGOLD ASHANTI DO BRASIL
Published: 2009/10/09
Channel: Verde Ghaia
oro contra vida. colosa-ecocidio.anglogold ashanti-37min
oro contra vida. colosa-ecocidio.anglogold ashanti-37min
Published: 2012/04/02
Channel: soscolombia.mingamundial Noecocidios
En el proyecto Gramalote, de AngloGold Ashanti Colombia, la seguridad industrial es primero
En el proyecto Gramalote, de AngloGold Ashanti Colombia, la seguridad industrial es primero
Published: 2016/08/10
Channel: AngloGold Ashanti
Aguas Adentro - Anglogold Ashanti
Aguas Adentro - Anglogold Ashanti
Published: 2012/05/28
Channel: AngloGold Ashanti
Entrevista Felipe Marquez Anglogold Ashanti Colombia.
Entrevista Felipe Marquez Anglogold Ashanti Colombia.
Published: 2014/07/28
Channel: AngloGold Ashanti
Anglogold Ashanti - Asem kesee on Adom TV (8-2-16)
Anglogold Ashanti - Asem kesee on Adom TV (8-2-16)
Published: 2016/02/08
Channel: Adom TV
Anglogold Ashanti sues gov
Anglogold Ashanti sues gov't over failure to protect obuasi mines - 1/6/2016
Published: 2016/06/01
Channel: TV3 NETWORK LIMITED GHANA
Speaking at the 2017 Investing in Africa Mining Indaba: Anglo Gold Ashanti
Speaking at the 2017 Investing in Africa Mining Indaba: Anglo Gold Ashanti
Published: 2017/02/07
Channel: Mining Review Africa
Mina Córrego do Sitio - AngloGold Ashanti - Minas Gerais
Mina Córrego do Sitio - AngloGold Ashanti - Minas Gerais
Published: 2016/07/27
Channel: Atoni Ernesto
[Projeção Mapeada] AngloGold Ashanti
[Projeção Mapeada] AngloGold Ashanti
Published: 2016/02/19
Channel: Xavier VJ FX
CFO Awards 2016 winner Christine Ramon (AngloGold Ashanti) – Finance & Technology Award
CFO Awards 2016 winner Christine Ramon (AngloGold Ashanti) – Finance & Technology Award
Published: 2016/06/19
Channel: CFO South Africa
LAS PRÓXIMAS APUESTAS DE ANGLOGOLD ASHANTI EN CAJAMARCA
LAS PRÓXIMAS APUESTAS DE ANGLOGOLD ASHANTI EN CAJAMARCA
Published: 2015/11/11
Channel: decaraalaciudadania
AngloGold Ashanti AuDITIONS Gold Design Seminars 2013
AngloGold Ashanti AuDITIONS Gold Design Seminars 2013
Published: 2013/09/13
Channel: Design Indaba
Capítulo 378: La Colosa, la sed del oro
Capítulo 378: La Colosa, la sed del oro
Published: 2015/11/20
Channel: Contravía TV
Pre-audiencia minera contra la Anglo Gold Ashanti
Pre-audiencia minera contra la Anglo Gold Ashanti
Published: 2013/07/14
Channel: Asociación Nomadesc
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WIKIPEDIA ARTICLE

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AngloGold Ashanti Limited
Public company
Traded as JSE: ANG
NYSEAU
ASXAGG
Industry Mining
Founded 2004; 13 years ago (2004)
(by merger with Henderson Group)
Headquarters Johannesburg, South Africa
Area served
Worldwide
Key people
Tito Mboweni
(Chairman of the Board)
Srinivasan Venkatakrishnan
(CEO)
Products Gold
Silver
Uranium oxide
Revenue Increase US$ 5.334 billion (2010)
Increase US$ 0.518 billion (2010)
Increase US$ 0.076 billion (2010)
Total assets Increase US$ 9.532 billion (2010)
Total equity Increase US$ 3.989 billion (2010)
Number of employees
62,046 – June 2011
Website AngloGoldAshanti.com

AngloGold Ashanti Limited is a global gold mining company. It was formed in 2004 by the merger of AngloGold and the Ashanti Goldfields Corporation.

AngloGold Ashanti Limited is now a global gold producer with 21 operations on four continents. The company is listed on the New York, Johannesburg, Accra, London and Australian stock exchanges, as well as the Paris and Brussels bourses.

In 2008, AngloGold produced 4.98 million ounces of gold from its operations, estimated to be seven percent of the global production. In 2009, the company's gold output dropped to 4.6 million ounces.[1] As of the third quarter of 2014, Anglogold was the world's third-largest producer of gold, behind Barrick Gold and Newmont Mining.[2]

Company history[edit]

The company was formed on 26 April 2004, after the High Court of Ghana approved the merger of AngloGold and the Ashanti Goldfields Corporation three days earlier.[3] This came almost a year after the merger was announced on 16 May 2003. In the transaction, Ashanti shareholders received 0.29 ordinary shares of AngloGold for every Ashanti share.[4]

The new company sold its Union Reef Gold Mine in the Northern Territory of Australia in August 2004, followed by the sale of the Freda-Rebecca Gold Mine in Zimbabwe a month later.[4]

In late 2007, Mark Cutifani replaced Bobby Godsell as CEO of AngloGold Ashanti, being appointed a director of the company on 17 September 2007 and as CEO on 1 October that year.[5]

In January 2009, AngloGold Ashanti sold its 33% stake in the Boddington Gold Mine in Australia to Newmont Mining for US$1.0 billion.[6]

Russell Edey, chairman of AngloGold since 2002 and, after the merger also of AngloGold Ashanti, was replaced by Tito Mboweni in May 2010.[7] The company's Tau Lekoa Gold Mine in South Africa was sold to Buffelsfontein Gold Mines Limited in February 2009, with ownership being transferred on 1 August 2010.[8]

The company announced the elimination of the last of its hedge book in October 2010. The company had hedged 11.3 million ounces of gold, as of early 2008, under previous CEO Bobby Godsell. Under its new CEO, this was gradually reduced to 3.22 million. In October 2010, this remaining amount was paid off with US$2.63 billion, or US$1,300 per ounce of gold.[9]

AngloGold Ashanti is a signatory participant of the Voluntary Principles on Security and Human Rights.

Criticism[edit]

In August 2008 British charity War on Want published a report accusing AngloGold Ashanti's parent company Anglo American of profiting from the abuse of people in the developing countries in which the company operates.[10] The report alleges abuses committed by AngloGold Ashanti subsidiaries in Colombia, Ghana and Mali. War on Want stated that AngloGold Ashanti was accused in 2008 in Colombia of "murders of trade union and community leaders who opposed the company's activities in the region". The company disclosed itself in 2006 or in 2008 for unacceptable safety performance in its platinum mines. Safety measures were taken.[11] Additionally, in 2005 the staff of the AGA exploration team in Ituri made an US$8,000 payment to the FNI, which had been accused of committing various humans rights abuses.[12]

In January 2011, AngloGold Ashanti was named the world's "Most Irresponsible Company" at the Public Eye Awards hosted with Greenpeace in Davos, Switzerland by the Erklärung von Bern, known in English as the Berne Convention. The nominating organisation, WACAM (Wassa Association of Communities Affected by Mining), said the company had a history of "gross human rights violations and environmental problems."[13]

Key figures[edit]

Financial[edit]

Financial figures for the company:[1][4]

2004 2005 2006 2007 2008[1] 2009[1] 2010[14] 2011[15] 2012[16]
Revenue (US$ million) 3,113 3,743 3,961
Gold income (US$ million) 2,393 2,646 3,002 3,619 3,768 5,334 6,570 6,353
Gross loss/profit (US$ million) 109 277 −248 594 −578 1,082 2,623 2,256
Dividends per share (US$ cents) 56 36 62 19 11 17 20 49 36
Total cash cost (US$/ounce) 264 281 308 357 444 514 638 728 862
Total production cost (US$/ounce) 332 374 414 476 567 646 816 950 1,078
Employees 65,400 63,993 61,453 61,522 62,895 63,364 62,046 61,242 65,822

Gold production[edit]

Gold production figures for the company's mines since 2004 in ounces per annum were

Mine Country 2004[4] 2005[4] 2006[17] 2007[1] 2008[1] 2009[1] 2010[14] 2011[15] 2012[16]
Bibiani 1 Ghana Ghana 105,000 115,000 37,000 --- --- --- ---
Brasil Mineração Brazil Brazil 240,000 250,000 242,000 317,000 320,000 329,000
Cerro Vanguardia (92.5%) Argentina Argentina 211,000 211,000 215,000 204,000 154,000 192,000
Cripple Creek & Victor United States United States 329,030 329,625 283,486 282,000 258,000 218,000
Freda-Rebecca 3 Zimbabwe Zimbabwe 9,000 --- --- --- --- --- ---
Geita Tanzania Tanzania 570,000 613,000 308,000 327,000 264,000 272,000
Great Noligwa South Africa South Africa 795,000 693,000 615,000 483,000 330,000 158,000
Iduapriem Ghana Ghana 125,000 174,000 167,000 167,000 200,000 190,000
Kopanang South Africa South Africa 486,000 482,000 446,000 418,000 362,000 336,000
Moab Khotsong 2 South Africa South Africa --- --- 44,000 67,000 192,000 247,000
Morila (40%) Mali Mali 204,000 262,000 207,000 180,000 170,000 137,000
Mponeng South Africa South Africa 438,000 512,000 596,000 587,000 600,000 520,000
Navachab Namibia Namibia 67,000 81,000 86,000 80,000 68,000 65,000
Obuasi Ghana Ghana 255,000 391,000 387,000 360,000 357,000 381,000
Sadiola (41%) Mali Mali 174,000 168,000 190,000 140,000 172,000 135,000
Savuka South Africa South Africa 158,000 126,000 89,000 73,000 66,000 30,000
Serra Grande (50%) Brazil Brazil 94,000 96,000 97,000 91,000 87,000 77,000
Siguiri (85%) Guinea Guinea 83,000 246,000 256,000 280,000 333,000 316,000
Sunrise Dam Australia Australia 410,000 455,000 465,000 600,000 433,000 401,000
Tau Lekoa 4 South Africa South Africa 293,000 265,000 176,000 165,000 143,000 124,000
TauTona South Africa South Africa 568,000 502,000 474,000 409,000 314,000 218,000
Surface Operations South Africa South Africa 119,000 95,000 113,000 125,000 92,000 164,000
Yatela (40%) Mali Mali 97,000 98,000 141,000 120,000 66,000 89,000
Overall[18] World 5,816,000 6,166,000 5,635,000 5,480,000 4,982,000 4,599,000
  • Figures for 2004 for Freda-Rebecca, Siguiri, Bibiani, Iduapriem and Obuasi are for the period from May to December, from the merger onwards, having belonged to Ashanti Goldfields Corporation before the merger.
  • Percentage figures behind names indicate the share of production of the mine belonging to AngloGold Ashanti. Production figures shown are those belonging to AngloGold Ashanti, not overall production.
  • 1 The Bibiani Gold Mine was sold 1 December 2006.
  • 2 The Moab Khotsong Gold Mine started production in 2006.
  • 3 The Freda-Rebecca Gold Mine was sold 1 September 2004.
  • 4 The Tau Lekoa Gold Mine was sold to Buffelsfontein Gold Mines Limited, with ownership being transferred on 1 August 2010.

Fatalities[edit]

Fatalities in the South African gold mining industry, especially the underground mines, are common. As of 2009, 100 to 120 were reported every year. This did represent an improvement since 2007: AngloGold Ashanti has reduced the number of fatalities in its operations by 70%. One of the main reasons for this development was a program led by CEO Mark Cutifani aimed at reducing the company's number of fatalities to zero by 2015.[19] Of the 16 fatalities experienced by the company in 2009, 13 were in South Africa (2007: 27 of 34, 2008: 11 of 14).[1] Statistics company fatalities since 2004 founding:

Year Number Change
2004[4] 31 new company
2005[4] 25 6% Positive decrease
2006[17] 37 48% Negative increase
2007[20] 34 8% Positive decrease
2008[1] 14 57% Positive decrease
2009[1] 16 14% Negative increase
2010 [14] 15 16% Positive decrease
2011 [15] 15
2012 [16] 18 14% Negative increase

Sources[edit]

See also[edit]

References[edit]

  1. ^ a b c d e f g h i j Annual Report 2009 Archived 12 September 2011 at the Wayback Machine. AngloGold Ashanti website, accessed: 9 May 2010
  2. ^ Simon Walker, "Gold: new fundamentals, Engineering & Mining Journal, Feb. 2015, v.216 n.2 p.34
  3. ^ Completion of merger of Anglogold Limited/Ashanti Goldfields AngloGold Ashanti ASX announcement, published: 27 April 2004, accessed: 10 July 2010
  4. ^ a b c d e f g Annual Report 2005 AngloGold Ashanti website, accessed: 11 July 2010
  5. ^ Our executive team AngloGold Ashanti website, accessed: 9 July 2010
  6. ^ Newmont's $1.4bn stake in soon-to-start Boddington mine The Australian, published: 29 January 2009, accessed: 14 July 2010
  7. ^ Chairman’s letter Archived 5 April 2010 at the Wayback Machine. AngloGold Ashanti website, accessed: 10 July 2010
  8. ^ Tau Lekoa – finalisation of sale Archived 28 July 2010 at the Wayback Machine. AngloGold Ashanti website, published: 21 July 2010, accessed: 27 July 2010
  9. ^ AngloGold Ashanti eliminates hedge book, gains full exposure to gold AGA website, published: 7 October 2010, accessed: 8 October 2010
  10. ^ "Anglo American: The Alternative Report". 
  11. ^ [https://www.forbes.com/lists/2007/11/biz-07women_Cynthia-Carroll_4PVY.html Most powerful women, Forbes 2007 Cynthia Carroll, Chief executive of Anglo American U.K. Anglo American’s ownership 2008: 41.8% in AngloGold Ashanti, 45% in diamond company DeBeers, 49% in MMX Minas-Rio, a Brazilian iron ore concern
  12. ^ "Doing business with integrity: the experience of AngloGold Ashanti in the Democratic Republic of Congo". International Social Science Journal. Volume 57. 
  13. ^ "please verify is AngloGold Is World's Most Evil Company". 
  14. ^ a b c "Annual Financial Statements 2010" (PDF). AngloGold Ashanti. Retrieved 31 August 2013. 
  15. ^ a b c Annual Report 2011 AngloGold Ashanti website, accessed: 30 dec '12
  16. ^ a b c "Annual Financial Statements 2012" (PDF). AngloGold Ashanti. Retrieved 31 August 2013. 
  17. ^ a b Annual Report 2006 AngloGold Ashanti website, accessed: 11 July 2010
  18. ^ Five-year summaries Archived 12 September 2011 at the Wayback Machine. AngloGold website, accessed: 10 July 2010
  19. ^ AngloGold wants zero mine deaths by 2015 The Sydney Morning Herald, published: 29 March 2010, accessed: 9 July 2010
  20. ^ Annual Report 2007 AngloGold Ashanti website, accessed: 13 July 2010

External links[edit]

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