Our approach to reporting
AN INTEGRATED APPROACH
This is AngloGold Ashanti’s Annual Integrated Report for 2011, which is our primary means of communicating with our stakeholders.
It sets out the group’s strategy, governance,
performance and prospects, in the context of our operations
and the markets for our products, and recognises the
importance and concerns of our stakeholders...
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PEOPLE
are our business
We need the right people in the right roles doing the right work to deliver against our goals.
We believe that people are central to our success. The shortage of key skills is one of the most significant risks that we face, and one that is shared across the global mining industry.... Read more
MAXIMISE
margins
We need to manage revenues and costs to ensure the delivery and protection of returns in a volatile price environment.
Margins generate cash flow to sustain and grow operations, so we are constantly striving to maintain and improve on our costs relative to our industry peers... Read more
MANAGE
the business as an asset portfolio
Managing shareholders’ funds optimally requires continual focus on capital deployment.
We see the business as an asset portfolio where capital is carefully managed to maximise returns... Read more
GROW
the business
We are developing a range of options for growth, recognising that this is a key driver of value.
Our growth focus is balanced by the imperative to generate sustainable returns from current operations... Read more
EMBRACE
sustainability principles
Long-term value creation is dependent on the quality and sustainability of our relationships and our ability to create mutual value with business and social partners.
This core strategy not only reflects our values-based approach, but also recognises that sustainability performance is key...
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Letter from the chairman
Tito Mboweni
Striking a balance – Fair fiscal returns and mutually beneficial relationships
I indicated that the two key issues for me on taking up this position were employee safety and the elimination
of the hedge book.... Read more
Letter from the CEO
Mark Cutifani
Foundation laid for return to growth.
To our shareholders and business and social partners. It has been another milestone year for your company. The recent years of hard work fortifying the balance sheet... Read more
Listen to podcast
CFO’s report
Srinivasan Venkatakrishnan
Key financial objectives met.
In a year of record gold prices, better operating performance from some of the group’s key assets and the first year of full exposure to spot prices... Read more
Listen to podcast
4.33Moz
gold produced
$6.6bn
gold sales
61,242
Employees and contractors
![Gold production by region [graph]](https://www.aga-reports.com/11/images/graph-gold-production-by-region-1.png)
![Geographic distribution of gold sales [graph]](https://www.aga-reports.com/11/images/graph-geographic-distrib-gold-sales.png)
| Country fact sheets | ||
|---|---|---|
| Australia (PDF - 213KB) | DRC (PDF - 214KB) | Namibia (PDF - 208KB) |
| Argentina (PDF - 209KB) | Ghana (PDF - 218KB) | South Africa (PDF - 234KB) |
| Brazil (PDF - 220KB) | Guinea (PDF - 207KB) | Tanzania (PDF - 202KB) |
| Colombia (PDF - 213KB) | Mali (PDF - 205KB) | United States (PDF - 209KB) |
Annual Financial Statements 2011
Sustainability Report 2011