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Corporate profile

ANGLOGOLD ASHANTI – THE THIRD LARGEST PRODUCER OF GOLD

A truly global producer of gold

Headquartered in Johannesburg, South Africa, AngloGold Ashanti has 20 operations in 10 countries on four continents, as well as several exploration programmes in both the established and new gold producing regions of the world.

AngloGold Ashanti employed 61,242 people, including contractors, in 2011 (2010: 62,046) and produced 4.33Moz of gold (2010: 4.52Moz), generating $6.6bn in gold income, excluding joint ventures (2010: $5.3bn). Capital expenditure in 2011 amounted to $1.5bn (2010: $1.0bn). As at 31 December 2011, AngloGold Ashanti had an attributable Ore Reserve of 75.6Moz (2010: 71.2Moz) and an attributable Mineral Resource of 230.9Moz (2010: 220.0Moz).

Location of operations and major exploration projects
Location of operations and major exploration projects [map]

Operations

  1. 1
    Argentina

    Cerro Vanguardia

  2. 2
    Australia

    Sunrise Dam

  3. 3
    Brazil

    Serra Grande
    AGA Mineração

  4. 4
    Ghana

    Iduapriem
    Obuasi

  5. 5
    Guinea

    Siguiri

  1. 6
    Mali

    Morila
    Sadiola
    Yatela

  2. 7
    Namibia

    Navachab

  3. 8
    South Africa

    Vaal River
    Great Noligwa
    Kopanang
    Moab Khotsong
    Surface operations

    West Wits
    Mponeng
    Savuka
    TauTona

  1. 9
    Tanzania

    Geita

  2. 10
    United States

    Cripple Creek & Victor

Major exploration projects

  1. 11
    Colombia

    Gramalote
    La Colosa

  2. 12
    DRC

    Kibali
    Mongbwalu

  3. 13
    Australia

    Tropicana

Focused on returns

AngloGold Ashanti endeavours to maximise the returns delivered to shareholders through the economic cycle, by producing gold safely, responsibly and efficiently.

Stock exchange listings

While AngloGold Ashanti’s primary listing is on the Johannesburg Stock Exchange (JSE Limited ), the company is also listed on the London Stock Exchange (LSE), the New York Stock Exchange (NYSE), the Ghana Stock Exchange (GhSE) and the Australian Securities Exchange (ASX). At the end of December 2011, the group had 382,242,343 ordinary shares in issue. The market capitalisation at year-end was $16.2bn (2010: $18.8bn). Around 98% of the group’s ordinary shares are considered to be free float, with 1.67% held by the Government of Ghana.

AngloGold Ashanti delisted from Euronext Paris on 23 December 2011 and from Euronext Brussels on 30 December 2011.

Geographic distribution of shareholders[graph] Geographic distribution of gold sales[graph]

Our business

Exploration

The group’s exploration programme covers greenfield, brownfield and marine exploration and is conducted either by AngloGold Ashanti or in collaboration with partners. Greenfield exploration teams search for new long-life, low cost mines and brownfield exploration is conducted in and around existing operations. The group has also established a joint venture to explore for marine mineral deposits on the continental shelf. This complements AngloGold Ashanti’s existing terrestrial exploration and mining activities.

Operations

AngloGold Ashanti has surface and underground mining operations in the Americas, South Africa, elsewhere on the African continent and in Australia. Valuable by-products – silver, sulphuric acid and uranium – are produced in the process of recovering the gold mined at certain operations.

Marketing

Once doré, the unrefined gold bar, is produced at AngloGold Ashanti’s processing plants, it is dispatched to various precious metal refineries where it is refined to a purity of at least 99.5%. This is in accordance with the standards of ‘good delivery’ as determined by the London Bullion Market Association. The refined gold bars are then sold to bullion banks or refiners. Gold has been a much sought after source of wealth over the centuries, be it as an investment, a store of value or as jewellery. AngloGold Ashanti campaigns actively to promote the demand for gold.