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Corporate profile


Global operations & major exlploration projects [map]


  1. 1

    Cerro Vanguardia (92.5%)

  2. 2

    Sunrise Dam

  3. 3

    Serra Grande(50%)
    AGA Mineração

  4. 4


  5. 5

    Siguiri (85%)

  6. 6

    Morila (40%)
    Sadiola (41%)
    Yatela (40%)


  1. 7


  2. 8
    South Africa

    Vaal River
    Great Noligwa
    Moab Khotsong
    Surface operations
    West Wits

  3. 9


  4. 10
    United States

    Cripple Creek & Victor (CC&V)

Major exploration projects

  1. 11

    Gramalote (51%)
    La Colosa

  2. 12

    Kibali (45%)
    Mongbwalu (86.2%)

  3. 13

    Tropicana (70%)

All operations and projects are 100% owned unless indicated otherwise in brackets.

Our business

AngloGold Limited was founded in May 1998 through the consolidation of the gold mining interests of Anglo American Corporation of South Africa, with the majority of its operations in South Africa. It has grown rapidly from this South African base, and following the merger with Ashanti Goldfields in 2004, now holds a global portfolio of operations and exploration assets. Headquartered in Johannesburg, South Africa, AngloGold Ashanti has 20 operations, in 10 countries, on four continents, as shown above.

In addition to gold, valuable by-products – silver, sulphuric acid and uranium – are produced in the process of recovering the gold mined in some operations in South America and in South Africa in particular.


Global greenfield and marine exploration [map]

Exploration programmes were undertaken in 2011 in 17 countries in established and new gold producing regions.

Major exploration projects are currently located at Tropicana in Australia, at La Colosa and Gramalote in Colombia, and in the DRC, where the company is engaged in substantial exploration work at the Mongbwalu project and is a non-managing partner in the Kibali joint venture with Randgold Resources.

Additional exploration projects are underway in Canada, the USA, Argentina, Brazil, Guinea, Gabon, Tanzania, Ethiopia, Djibouti, Eritrea, Egypt, Saudi Arabia, China, the Solomon Islands and Australia. Details of the ownership of these projects can be found under Annual Financial Statements 2011Global exploration.

The group’s exploration programme, which covers greenfield, brownfield and marine exploration, is undertaken through managed and non-managed joint ventures, strategic alliances and wholly-owned ground holdings. Greenfield exploration searches for new long-life, low cost mines while brownfield exploration is conducted in and around existing operations. The group has established joint ventures to explore for marine mineral deposits on the continental shelf, complementing existing terrestrial exploration and mining activities.

Geographic distribution of shareholders [graph]

Geographic distribution of shareholders

AngloGold Ashanti’s primary listing is on the Johannesburg Stock Exchange (JSE) and the company is also listed on the New York, London, Australia and Ghana exchanges.

As at 31 December 2011, AngloGold Ashanti had 382,242,343 ordinary shares in issue and a market capitalisation of $16.2bn (2010: $18.8bn). The Government of Ghana held a 1.67% shareholding.

Product supply chain

Once processed to doré (unrefined gold bar) at AngloGold Ashanti’s operations, the product is dispatched to various precious metals refineries. The gold is refined to a purity of at least 99.5%, in accordance with the standards of ‘good delivery’ as determined by the London Bullion Market Association (LBMA).

AngloGold Ashanti’s direct customers are typically refiners or bullion banks acting as intermediaries for gold markets. The breakdown of our sales shown below is based on the domicile of these intermediaries and does not necessarily reflect the location of the end user of the product.

Gold demand and markets

Geographic distribution of gold sales [graph]

Gold has been a much sought after source of wealth over the centuries, be it as an investment, a store of value, as jewellery and more recently for use in the electronics industry. More information on gold markets in 2011 is available under Integrated Report 2011Our products and our markets.

We promote our product in target markets, by supporting initiatives aimed at improving gold design. This is mainly through the AuDITIONS programme of jewellery design competitions. Jewellery consumption in countries such as India and China still provides an important source of physical gold demand.