Skip to content skip to secondary navigation

Principal subsidiaries and operating entities

Principal subsidiaries are those subsidiaries that hold material contracts and/or act as borrowers and/or guarantors of such material contracts or operating mines.

 
Country of incorporation   Shares held Percentage held
      2011 2010 2011 2010
Principal subsidiaries            
AngloGold Ashanti Australia Limited 2   257,462,077 257,462,077 100 100
AngloGold Ashanti Holdings plc 6 } 4,226,443,301 4,095,658,550 100 100
     *1,273,918,156 *723,254,927    
AngloGold Ashanti Holdings Finance plc 6   100 100 100 100
AngloGold Ashanti USA Incorporated 10 } 234 234 100 100
    *500 *500    
Operating entities (1)            
AngloGold Ashanti Córrego do Sitío Mineração S.A. 3   4,167,085,000 4,167,085,000 100 100
AngloGold Ashanti (Ghana) Limited (2) 4   132,419,585 132,419,585 100 100
AngloGold Ashanti (Iduapriem) Limited 4   66,270 66,270 100 100
AngloGold Australia (Sunrise Dam) Pty Limited 2   2 2 100 100
AngloGold Namibia (Pty) Limited 8   10,000 10,000 100 100
Cerro Vanguardia S.A. 1   13,875,000 13,875,000 92.50 92.50
AngloGold Ashanti (Colorado) Corp (3) 10   1,250 1,250 100 100
Geita Gold Mining Limited 9   61,691,386 61,691,386 100 100
Mineração Serra Grande S.A. 3   499,999,996 499,999,996 50 50
Société AngloGold Ashanti de Guinée S.A. 5   3,486,134 3,486,134 85 85
Société des Mines de Morila S.A. (4) 7   400 400 40 40
Société d'Exploitation des Mines d'Or de Sadiola S.A. (4) 7   41,000 38,000 41 41
Société d'Exploitation des Mines d'Or de Yatela S.A. (4) 7   400 400 40 40
Teberebie Goldfields Limited 4   2,066,667 2,066,667 100 100

* Indicates preference shares

  1. (1)All the operating mines in South Africa, namely, Great Noligwa, Kopanang, Moab Khotsong, Mponeng, Savuka, and TauTona are held by the parent company, AngloGold Ashanti Limited.
  2. (2)Operates the Obuasi mine in Ghana, a wholly owned operation.
  3. (3)Operates the Cripple Creek & Victor gold mine, a wholly owned operation.
  4. (4)Represents a joint venture entity.
Country of incorporation – key
  1. Argentina
  2. Australia
  3. Brazil
  4. Ghana
  5. Republic of Guinea
  1. Isle of Man
  2. Mali
  3. Namibia
  4. Tanzania
  5. United States of America

The aggregate interest in the net profits and losses in subsidiaries is as follows:

 
US Dollars millions  2011 2010
Net profits 663 63
Net losses (282) (963)
  381  (900)
 
SA Rands millions  2011 2010
Net profits 4,811 460
Net losses (2,046) (7,033)
  2,765 (6,573)