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1
oro contra vida. colosa-ecocidio.anglogold ashanti-37min
oro contra vida. colosa-ecocidio.anglogold ashanti-37min
::2012/04/02::
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2
Somos AngloGold Ashanti Colombia
Somos AngloGold Ashanti Colombia
::2012/10/22::
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3
ANGLOGOLD ASHANTI DO BRASIL
ANGLOGOLD ASHANTI DO BRASIL
::2009/10/09::
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4
MINERAÇÃO - Anglo Gold Ashanti - Museu das Minas e do Metal
MINERAÇÃO - Anglo Gold Ashanti - Museu das Minas e do Metal
::2013/04/21::
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5
The case of the AngloGold Ashanti Iduapriem Mine in Ghana
The case of the AngloGold Ashanti Iduapriem Mine in Ghana
::2009/01/10::
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6
Piedras Vs Anglogold Ashanti
Piedras Vs Anglogold Ashanti
::2013/03/28::
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daños y abusos causados por la minera ANGLOGOLD ASHANTI en cajamarca tolima "la colosa"
daños y abusos causados por la minera ANGLOGOLD ASHANTI en cajamarca tolima "la colosa"
::2011/09/25::
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Mineiros - Subsolo Mina Cuiabá - AngloGold Ashanti
Mineiros - Subsolo Mina Cuiabá - AngloGold Ashanti
::2011/11/23::
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Anglo Gold Ashanti (15.08.2012)
Anglo Gold Ashanti (15.08.2012)
::2012/08/16::
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10
Public Eye Awards 2011 - Vote for AngloGold Ashanti
Public Eye Awards 2011 - Vote for AngloGold Ashanti
::2011/01/10::
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11
AngloGold Ashanti Semi Finalist Workshop
AngloGold Ashanti Semi Finalist Workshop
::2014/02/20::
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AngloGold Ashanti AuDITIONS - Celestial Origins 2013 / 2014
AngloGold Ashanti AuDITIONS - Celestial Origins 2013 / 2014
::2013/09/17::
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13
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
::2014/02/28::
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14
Tito Mboweni - Chairman of AngloGold Ashanti
Tito Mboweni - Chairman of AngloGold Ashanti
::2011/01/26::
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15
DESALOJOS EN CAJAMARCA-TOLIMA. MULTINACIONAL ANGLOGOLD ASHANTI
DESALOJOS EN CAJAMARCA-TOLIMA. MULTINACIONAL ANGLOGOLD ASHANTI
::2013/02/02::
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AngloGold Ashanti Colombia - Jericó
AngloGold Ashanti Colombia - Jericó
::2013/01/16::
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17
Entrevista Felipe Marquez, Anglogold Ashanti
Entrevista Felipe Marquez, Anglogold Ashanti
::2014/07/25::
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18
illegal small scale mining Anglogold Ashanti Obuasi gold mines
illegal small scale mining Anglogold Ashanti Obuasi gold mines
::2011/11/22::
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19
AngloGold Ashanti Colombia 2013
AngloGold Ashanti Colombia 2013
::2013/01/14::
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20
Mark Cutifani - CEO, Anglogold Ashanti
Mark Cutifani - CEO, Anglogold Ashanti
::2012/01/27::
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21
ANGLOGOLD ASHANTI EXPOBUMERAN COLOMBIA
ANGLOGOLD ASHANTI EXPOBUMERAN COLOMBIA
::2010/09/06::
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CCON - AngloGold Ashanti AuDITIONS Brasil
CCON - AngloGold Ashanti AuDITIONS Brasil
::2011/12/03::
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AngloGold Ashanti AuDITIONS 2010 - Evento de Premiação .wmv
AngloGold Ashanti AuDITIONS 2010 - Evento de Premiação .wmv
::2011/02/24::
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SOMOS ANGLOGOLD ASHANTI COLOMBIA
SOMOS ANGLOGOLD ASHANTI COLOMBIA
::2012/09/12::
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La Fiebre del Oro de Ghana - AngloGold Ashanti - Worst Industry in the world 2011
La Fiebre del Oro de Ghana - AngloGold Ashanti - Worst Industry in the world 2011
::2011/03/24::
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ANGLOGOLD ASHANTI COLOMBIA CUMPLE AL MINISTERIO DE AMBIENTE Y DESARROLLO SOTENIBLE
ANGLOGOLD ASHANTI COLOMBIA CUMPLE AL MINISTERIO DE AMBIENTE Y DESARROLLO SOTENIBLE
::2013/11/08::
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AngloGold Ashanti AuDITIONS 2013 | 2014 Fashion Film
AngloGold Ashanti AuDITIONS 2013 | 2014 Fashion Film
::2014/03/25::
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AngloGold Ashanti AuDITIONS 2013 | 2014 Celestial Origins Collection Launch
AngloGold Ashanti AuDITIONS 2013 | 2014 Celestial Origins Collection Launch
::2014/04/16::
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Anglogold Ashanti Community Map
Anglogold Ashanti Community Map
::2013/06/04::
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AngloGold Ashanti  Auditions (1.08.2012)
AngloGold Ashanti Auditions (1.08.2012)
::2012/08/01::
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AngloGold Ashanti (NYSE:AU) CEO Mark Cutifani
AngloGold Ashanti (NYSE:AU) CEO Mark Cutifani
::2012/07/14::
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AngloGold Ashanti Tau Tona Mine - ICTUS Experiential Simulation with Executive Management
AngloGold Ashanti Tau Tona Mine - ICTUS Experiential Simulation with Executive Management
::2012/03/15::
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AngloGold Ashanti Second Quarter with Mark Cutifani
AngloGold Ashanti Second Quarter with Mark Cutifani
::2011/08/04::
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SI ANGLOGOLD ASHANTI SE VA DE CAJAMARCA TOLIMA, VENDRÁ LA MINERÍA ILEGAL
SI ANGLOGOLD ASHANTI SE VA DE CAJAMARCA TOLIMA, VENDRÁ LA MINERÍA ILEGAL
::2014/07/30::
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Mark Cutifani - CEO of AngloGold Ashanti speaks on accountable Leadership
Mark Cutifani - CEO of AngloGold Ashanti speaks on accountable Leadership
::2011/08/29::
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AngloGold Ashanti AuDITIONS 2013 | 2014 Collection Manufacturing
AngloGold Ashanti AuDITIONS 2013 | 2014 Collection Manufacturing
::2014/04/01::
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PORQUE TODOS SOMOS TOLIMA NO A LA COLOSA DE ANGLO GOLD ASHANTI
PORQUE TODOS SOMOS TOLIMA NO A LA COLOSA DE ANGLO GOLD ASHANTI
::2013/11/05::
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AngloGold Ashanti
AngloGold Ashanti
::2013/09/26::
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AngloGold Ashanti (NYSE:AU) Mark Cutifani at Sydney Mining
AngloGold Ashanti (NYSE:AU) Mark Cutifani at Sydney Mining
::2012/07/12::
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AngloGold Ashanti Mponeng Mine - People Development and Team Building
AngloGold Ashanti Mponeng Mine - People Development and Team Building
::2012/07/06::
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AngloGold Ashanti Brasil
AngloGold Ashanti Brasil
::2014/08/01::
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AngloGold Ashanti - Ictus Executive Coaching with Katarien Deysel
AngloGold Ashanti - Ictus Executive Coaching with Katarien Deysel
::2012/05/03::
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AngloGold Ashanti Metallurgy - Mining Industry perspective - Bryan Penny
AngloGold Ashanti Metallurgy - Mining Industry perspective - Bryan Penny
::2012/06/02::
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AngloGold Ashanti Fourth Quarter Results with CEO Mark Cutifani
AngloGold Ashanti Fourth Quarter Results with CEO Mark Cutifani
::2012/02/15::
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AngloGold Ashanti and De Beers form Joint Venture
AngloGold Ashanti and De Beers form Joint Venture
::2009/10/05::
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AngloGold Ashanti AuDITIONS Gold Design Seminars 2013
AngloGold Ashanti AuDITIONS Gold Design Seminars 2013
::2013/09/13::
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Pre-audiencia minera contra la Anglo Gold Ashanti
Pre-audiencia minera contra la Anglo Gold Ashanti
::2013/07/13::
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AngloGold Ashanti To Avoid Strikes At All Costs
AngloGold Ashanti To Avoid Strikes At All Costs
::2014/01/23::
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AngloGold Ashanti Metallurgy- ICTUS Executive Coaching with Duran Archery
AngloGold Ashanti Metallurgy- ICTUS Executive Coaching with Duran Archery
::2012/05/31::
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AngloGold Ashanti Metallurgy - ICTUS Executive Coaching with Hansie van Vreden
AngloGold Ashanti Metallurgy - ICTUS Executive Coaching with Hansie van Vreden
::2012/06/02::
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AngloGold Ashanti Limited
Type Public company
Traded as GSE: AGA
JSE: ANG
NYSEAU
LSEAGG
ASXAGG
EuronextANG
Industry Mining
Founded 2004 (merger)
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)
Operating income Increase US$ 0.518 billion (2010)
Net income Increase US$ 0.076 billion (2010)
Total assets Increase US$ 9.532 billion (2010)
Total equity Increase US$ 3.989 billion (2010)
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]

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.[2] 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.[3]

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.[3]

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.[4]

In January 2009, AngloGold Ashanti sold its 33% stake in the Boddington Gold Mine in Australia to Newmont Mining for US$ 1.0 billion.[5]

Russell Edey, chairman of AngloGold since 2002 and, after the merger also of AngloGold Ashanti, was replaced by Tito Mboweni in May 2010.[6] 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.[7]

The company announced the elimination of the last of its hedge book in October 2010. The company had heged 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.[8]

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.[9] The report alleges abuses committed by AngloGold Ashanti subsidiaries in Colombia, Ghana and Mali.[citation needed]. War on Want stated that AngloGold Ashanti was accused in 2008 in Colombia for "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 unacceptable safety performance in its platinum mines. Safety measures were taken.[10]

In January 2011, AngloGold Ashanti was named the world's "Most Irresponsible Company" at the Public Eye Awards, hosted by the Berne Declaration and Greenpeace in Davos, Switzerland. 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."[11]

Key figures[edit]

Financial[edit]

Financial figures for the company:[1][3]

2004 2005 2006 2007 2008[1] 2009[1] 2010[12] 2011[13] 2012[14]
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[3] 2005[3] 2006[15] 2007[1] 2008[1] 2009[1] 2010[12] 2011[13] 2012[14]
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[16] 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, with, as of 2009, 100 to 120 reported every year. Since 2007, AngloGold Ashanti has reduced the number of fatalities in its operations by 70%. One of the main reasons for this development is a program led by CEO Mark Cutifani, aimed at reducing the company's number of fatalities to zero by 2015.[17] Of the 16 fatalities experienced by the company in 2009, 13 were in South Africa (2007: 27 of 34, 2008: 11 of 14).[1] The number of fatalities in company since formation in 2004 were:

Year Number Change
2004[3] 31 new company
2005[3] 25 6% positive decrease
2006[15] 37 48% negative increase
2007[18] 34 8% positive decrease
2008[1] 14 57% positive decrease
2009[1] 16 14% negative increase
2010 [12] 15 16% positive decrease
2011 [13] 15
2012 [14] 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 AngloGold Ashanti website, accessed: 9 May 2010
  2. ^ Completion of merger of Anglogold Limited/Ashanti Goldfields AngloGold Ashanti ASX announcement, published: 27 April 2004, accessed: 10 July 2010
  3. ^ a b c d e f g Annual Report 2005 AngloGold Ashanti website, accessed: 11 July 2010
  4. ^ Our executive team AngloGold Ashanti website, accessed: 9 July 2010
  5. ^ Newmont's $1.4bn stake in soon-to-start Boddington mine The Australian, published: 29 January 2009, accessed: 14 July 2010
  6. ^ Chairman’s letter AngloGold Ashanti website, accessed: 10 July 2010
  7. ^ Tau Lekoa – finalisation of sale AngloGold Ashanti website, published: 21 July 2010, accessed: 27 July 2010
  8. ^ AngloGold Ashanti eliminates hedge book, gains full exposure to gold AGA website, published: 7 October 2010, accessed: 8 October 2010
  9. ^ Anglo American: The Alternative Report
  10. ^ [http://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
  11. ^ AngloGold Is World’s Most Evil Company
  12. ^ a b c "Annual Financial Statements 2010". AngloGold Ashanti. Retrieved 31 August 2013. 
  13. ^ a b c Annual Report 2011 AngloGold Ashanti website, accessed: 30 dec '12
  14. ^ a b c "Annual Financial Statements 2012". AngloGold Ashanti. Retrieved 31 August 2013. 
  15. ^ a b Annual Report 2006 AngloGold Ashanti website, accessed: 11 July 2010
  16. ^ Five-year summaries AngloGold website, accessed: 10 July 2010
  17. ^ AngloGold wants zero mine deaths by 2015 The Sydney Morning Herald, published: 29 March 2010, accessed: 9 July 2010
  18. ^ Annual Report 2007 AngloGold Ashanti website, accessed: 13 July 2010

External links[edit]

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