Glossary

$
United States dollars
A$ or AUD
Australian dollars
AASA
Anglo American South Africa
AC
Aircore
ADS
American Depositary Share
AGA
AngloGold Ashanti
AGAA
AngloGold Ashanti Australia
AGM
Annual general meeting
AISC
All-in sustaining costs
AIFR
All injury frequency rate: the total number of injuries and fatalities per million hours worked
AMCU
Association of Mineworkers and Construction Union
AMP
Adaptive Management Partnership
AODFR
All-occupational diseases frequency rate
APMO
Amendment to the Programme of Mining Operations
ARS
Argentinean peso
ARVs
Antiretrovirals
ASM
Artisanal and small-scale mining
ASX
Australian Securities Exchange
Au
Contained gold
BBBEE Act
Broad-Based Black Economic Empowerment Act, 53 of 2013
BEE
Black economic empowerment
bn
Billion
BRL
Brazilian real
BSP
Bonus Share Plan
By-products
Any products that emanate from the core process of producing gold, including silver, uranium and sulphuric acid
CC&V
Cripple Creek & Victor
CCOD
Compensation Commission for Occupational Diseases
CDI
CHESS Depositary Interest
CECIDE
Centre du Commerce International pour le Développement
CEO
Chief Executive Officer
CFGS
Conflict-Free Gold Standard
CFO
Chief Financial Officer
CIL
Carbon in leach
CIP
Carbon in pulp
CIP
Co-Investment Plan
CLR
Carbon Leader Reef
CO2-e
Carbon dioxide equivalent
COIDA
Compensation for Occupational Injuries and Diseases Act, 61 of 1997
Companies Act
The South African Companies Act, 71 of 2008, as amended
COO
Chief Operating Officer
CPI
Consumer price index
CSI
Corporate social investment
DD
Diamond drilling
DMR
Department of Mineral Resources
DRC
Democratic Republic of the Congo
DTI
Department of Trade and Industry
EAOs
Emolument attachment orders
EBITDA
Earnings before interest, tax, depreciation and amortisation
EDCs
Enterprise development centres
EITI
Extractive Industries Transparency Initiative
EPA
Environmental Protection Authority
ESIA
Environmental and social impact assessment
ETF
Exchange traded fund(s)
Exco
Executive Committee
FOMC
US Federal Reserve’s Open Market Committee
GEDP
Geita Economic Development Programme
GhDS
Ghanaian Depositary Share
GHG
Greenhouse gas
GhSE
Ghana Stock Exchange
GJ
Gigajoule
GMWU
Ghana Mineworkers’ Union
GoG
Government of Ghana
Gold produced
Refined gold in a saleable form derived from the mining process
GRI
Global Reporting Initiative
GSSC
Global shared-services centre
GVDBT
Great Victoria Desert Biodiversity Trust
HDSA
Historically disadvantaged South African
HIV/AIDS
Human immunodeficiency virus/Acquired immune deficiency syndrome
HRDD
Human rights due diligence
HRWG
Human Rights Working Group
IAEA
International Atomic Energy Agency
ICMM
International Council on Mining and Metals
IDA
Investment development agreement
IDEAM
Instituto de Hidrología, Meteorología y Estudios Ambientales
IIRC
International Integrated Reporting Council
ILO
International Labour Organization
ISO 14001
The ISO 14000 family of standards is an environmental management system of the International Organization for Standardization
JORC
Joint Ore Reserves Committee
JSE
Johannesburg Stock Exchange
King III
King Report on Governance for South Africa 2009
King IV
King Report on Governance for South Africa 2016
kL/kl
Kilolitre
lb
Pound
LBMA
London Bullion Market Association
LED
Light-emitting diode
LLCCA
Laverton Leonora Cross Cultural Association
LTI
Long-term incentive
LTIFR
Lost-time injury frequency rate
LTIP
Long Term Incentive Plan
M or m
Metre or million, depending on context
MBOD
Medical Bureau for Occupational Diseases
MCF
Mine call factor
MDT
Les Mêmes Droits Pour Tous
ML/Ml
Megalitre
MOI
Memorandum of Incorporation
Moz
Million ounces
MPRDA
Mineral and Petroleum Resources Development Act, 28 of 2002
MQA
Mining Qualifications Authority
MSR
Minimum shareholding requirement
MW
Megawatt
MWS
Mine Waste Solutions, part of AngloGold Ashanti's Surface Operations, operates independently and processes slurry material reclaimed hydraulically from various tailings storage facilities, and produces uranium as a by-product as well as backfill used as mining support in underground mined out areas
NCOP
National Council of Provinces
nCROE
Normalised cash return on entity
NECSA
South African Nuclear Energy Corporation SOC Limited
NED
Non-executive director
NEMA
National Environmental Management Act, 107 of 1998
NEMC
National Environmental Management Council
NGO
Non-governmental organisation
NHI
National Health Insurance
NIHL
Noise-induced hearing loss
Non-GAAP
A method used to measure the earnings of a company reported in addition to earnings calculated using generally accepted accounting principles (GAAP)
NUM
National Union of Mineworkers
NYSE
New York Stock Exchange
ODMWA
Occupational Diseases in Mines & Works Act, 78 of 1973
OEM
Original equipment manufacturer
OHSAS
The Occupational Health and Safety Assessment Series of standards is an international occupational health and safety management system specification
OLD
Occupational lung disease
oz
Ounces (troy)
Productivity
An expression of labour productivity based on the ratio of ounces of gold produced per month to the total number of employees in mining operations
R, ZAR or rand
South African rands
RC
Reverse circulation
Region
Defines the operational management divisions within AngloGold Ashanti Limited, namely South Africa, Continental Africa (Democratic Republic of the Congo, Ghana, Guinea, Mali and Tanzania), Australasia (Australia and surrounding areas), and the Americas (Argentina and Brazil)
Rehabilitation
The process of reclaiming land disturbed by mining to allow an appropriate post-mining use, with rehabilitation standards are defined by country-specific laws, including but not limited to, the South African Department of Mineral Resources, the US Bureau of Land Management, the US Forest Service, and the relevant Australian mining authorities, addressing, among other issues, groundwater and surface water, topsoil, final slope gradient, waste handling and revegetation
Remco
Remuneration Committee
REMSDCS
Real-time Dynamic Control System
RRSC
Mineral Resource and Ore Reserve Steering Committee
S&P
Standard & Poor’s Ratings Services and its predecessor organisations have been in business for more than 150 years, providing independent credit risk research and benchmarks across industries, asset classes and geographies with a view to helping clients, investors and other market participants make more informed business and investment decisions
SADC
Southern African Development Community
SAMREC
South African Code for Reporting of Exploration Results, Mineral Resources and Mineral Reserves
SAPS
South African Police Service
SASRIA
A state-owned company and short-term insurer providing cover to people and businesses with assets in South Africa, and to government entities, against special risks such as civil commotion, public disorder, strikes, riots and terrorism
SEC
United States Securities and Exchange Commission
SLP
Social and labour plan
SME
Small and medium enterprise
SMME
Small, medium and micro enterprise
SOKIMO
Société Minière de Kilo-Moto
SOX
Sarbanes-Oxley Act of 2002
SPE
Social political enablement
SSP
Sadiola Sulphides Project
STI
Short-term incentives
STIP
Short Term Incentive Plan
Stripping ratio
The ratio of waste tonnes to ore tonnes mined, calculated as total tonnes mined less ore tonnes mined divided by ore tonnes mined
t
Tons (short) or tonnes (metric)
TAMICO
Tanzanian Mines Energy Construction and Allied Workers Union
TB
Tuberculosis
TEC
Total employee costed: all employees and contractors directly employed in and associated with the production process
Total cash costs
Total cash costs include site costs for all mining, processing and administration, reduced by contributions from by-products, and inclusive of royalties and production taxes, excluding amortisation, rehabilitation, corporate administration, retrenchment, capital and exploration costs
TSR
Total shareholder return
UASA
United Association of South Africa
UHSB
Ultra-high strength backfill
UNGC
United Nations Global Compact
US or United States
United States of America
VCR
Ventersdorp Contact Reef
VCT
Voluntary counselling and testing
VPSHR
Voluntary Principles on Security and Human Rights
WGC
World Gold Council