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Review of operations and projects

AUSTRALASIA

 
Operation Gold
production (1)
(000oz)
Average
number of employees (2)
Western Australia

1

 Sunrise Dam
246 509
 
Project Average number of employees (2)

2

Tropicana (3)
132
  1. (1) Attributable production
  2. (2) Including contractors
  3. (3) Development project

Risk/uncertainty/challenges

Employee safety, especially effective contractor management at Tropicana

Skills shortages

Compliance with changing regulatory and fiscal environment

Flooding and potential impact of climate change

Development of a regional community plan

OneERP implementation

Graham Ehm, Executive Vice President - Auatralasia

Graham Ehm
Executive Vice President – Auatralasia

PODCAST

Based on what I see so far and experience at Sunrise Dam, which has been an excellent orebody, it [the Vogue discovery] will give us the scope for another 15 years... and will allow us to reconfigure Sunrise Dam from a 20th century to a 21st century mine.

Listen to podcast

AngloGold Ashanti‘s sole operating mine in the Australasia region is Sunrise Dam in Australia. Development of the Tropicana project, proceeds apace.

Production from Australasia declined by 38% to 246,000oz in 2011. This was equivalent to 6% of group production. This unforeseen decline in production was due entirely to the flood-related work stoppage, with excessive rainfall resulting in operations both underground and at the open pit being affected for approximately six months.

Total cash costs increased by 46% to $1,431/oz, while in local currency, total cash costs rose 30% to A$1,386/oz, due primarily to the increase in the unwinding of deferred stripping costs. In all, 509 people, including contractors were employed at the Sunrise Dam operation. Scarce mining skills, the stronger Australian dollar and accelerating inflation presented significant cost pressure during the year.

Total capital expenditure for the region more than doubled to $102m, the bulk of which ($73m) was spent on Tropicana project, which is scheduled to begin production in 2013. Most of this was spent on the main access road, accommodation and operational readiness.

The Tropicana gold mine is being developed by AngloGold Ashanti (70%) and joint venture partner, Independence Group Ltd. (30%). AngloGold Ashanti is managing the Tropicana project and has also undertaken an extensive exploration programme in the area that covers some 13,500km2 of tenements along a 600km strike length. This area in Western Australia is considered one of the most prospective for new gold discoveries in Australia.

The attributable Mineral Resource for Australasia totalled 7.45Moz at year-end, and an attributable Ore Reserve of 4.26Moz.

 

246000oz

 



$102m

509 people employed

 
Australasia – key statistics
2011 2010 2009
Pay limit oz/t 0.10 0.14 0.08
  g/t  3.00 4.32 2.45
Recovered grade oz/t 0.063 0.099 0.094
  g/t  2.16 3.40 3.22
Gold production 000oz 246 396 401
Total cash costs $/oz 1,431 982 662
Total production costs $/oz  1,622 1,065 770
Capital expenditure $m 102 40 177
Number of employees   509 494 455
Employees    101 93 99
Contractors    408 401 356
Number of fatalities    –
Fatal injury frequency rate per million hours worked  –
All injury frequency rate per million hours worked  18.11 13.10 8.64
Water usage ML 4,198 3,515 3,720
Energy usage – direct Million GJ  2.14 2.27 2.02
– indirect Million GJ  –
Greenhouse gas emissions CO2e (000t)  130 153 136
Cyanide used (t)  1,379 1,444 1,676
Reportable environmental incidents   1 1
Community investment $000 276 456 133