Integrated report <IR> 2020

Who we are – Corporate profile

AngloGold Ashanti Limited (AngloGold Ashanti), with its head office in South Africa, is an independent, global gold mining company with a diverse, high-quality portfolio of operations, projects and exploration activities across nine countries on four continents. While gold is our principal product, we also produce silver (Argentina) and sulphuric acid (Brazil) as by-products. In Colombia, feasibility studies are currently underway at two of our projects, one of which will produce both gold and copper.

AngloGold Ashanti at a glance

  • Third-largest gold producer globally and the largest on the African continent, producing 3.047Moz of gold and employing an average of 36,952 people (including contractors) in 2020
  • Responsible gold miner, in partnerships with host communities and governments – we aim to create value for all our stakeholders over the long term
  • Listed on the Johannesburg, New York, Australian and Ghana stock exchanges
  • A geographically diverse shareholder base includes the world’s largest financial institutions
  • Market capitalisation of $9.4bn as at 31 December 2020
  • Included in the JSE Top 40 Index, the S&P Global CSA, the FTSE/JSE Responsible Investment Index Series (the FTSE4Good Index), the Responsible Mining Index and the Bloomberg 2021 Gender-Equality Index.
Shareholder spread

  • STREAMLINING portfolio
  • STRONGEST balance sheet in a decade

  • RAMP UP at Obuasi continues
  • UNLOCKING VALUE in Colombia


Our operations and projects are grouped regionally as follows:



  1. 1 Argentina
    • Cerro Vanguardia (92.5%)
  2. 2 Brazil
    • Serra Grande
    • AGA Mineração
  3. 3 Colombia
    • Gramalote (50%)(1)
    • La Colosa
    • Quebradona


  1. 4 Guinea
    • Siguiri (85%)
  2. 5 Ghana
    • Iduapriem
    • Obuasi(2)
  3. 6 Democratic Republic
    of the Congo (DRC)
    • Kibali (45%)(3)
  4. 7 Tanzania
    • Geita


  1. 8 Australia
    • Sunrise Dam (4)
    • Tropicana (70%)
  • Operations
  • Projects
  • Greenfields exploration
  • 4 continents

  • 10 operations

  • 3* joint ventures partners

  • 3 projects

  • Note: Percentages indicate the ownership interest held by AngloGold Ashanti. All operations are 100%-owned unless otherwise indicated.
  1. * B2Gold at Gramalote; Barrick at Kibali; and Independence Gold Corp. at Tropicana
  2. (1) Change in ownership from 51% to 50%; managed by B2Gold
  3. (2) Obuasi’s redevelopment project began in 2019
  4. (3) Kibali is operated by Barrick Gold Corporation (Barrick)
  5. (4) As at 31 December 2020, a maiden Mineral Resource was declared for Butcher Well