Overview

AngloGold Ashanti is an independent, global mining company with operations and projects on four continents.

AngloGold Ashanti is the third-largest gold mining company in the world, measured by production.

 

Our portfolio of assets

As at 31 December 2018, our portfolio of 14 operations in nine countries included long-life, relatively low-cost operating assets with differing ore body types, located in key gold-producing regions around the world. These operating assets were supported by three greenfields projects in a tenth country and a focused global exploration programme.

Our operations and greenfields projects are grouped into the following regions: Continental Africa, Americas, Australasia and South Africa.

 

Our business

Our business activities span the full spectrum of the mining value chain – from exploration through mining to the production of refined gold and its sale. Our activities also include mitigating our impact on the communities and environments in which we operate.

 

To maintain and strengthen our social capital, we aim to create sustainable value for shareholders, employees, and social and business partners through safe and responsible mining and discipline in the allocation of capital.

 

Over the past five years, AngloGold Ashanti has transformed itself by increasing efficiencies and competitiveness, focusing on safety and sustainability performance, improving margins, containing operating and overhead costs, and generating positive cash flows, in line with our strategic objectives.

 

Our organisational and management structures align with global best practice in corporate governance. By using our human capital efficiently, enabling functions cover planning and technical, strategy, sustainability, finance, human resources, legal and compliance, and stakeholder relations. The planning and technical functions focus on identifying and managing opportunities, maintaining long-term optionality, and ensuring the optimal use of our intellectual capital through a range of activities that include brownfields and greenfields exploration as well as innovative research focused on mining excellence.

 

Our exploration programme is aimed at establishing an organic growth pipeline to enable us to generate significant value over time. Greenfields and brownfields exploration is conducted in both established and new gold-producing regions, through managed and non-managed joint ventures, strategic alliances and wholly-owned ground holdings.

 

Our world-class greenfields discoveries include La Colosa, Gramalote and Quebradona (Nuevo Chaquiro) in Colombia.

Our strategy and investment case

Focusing on the strategic areas of the company

AngloGold Ashanti’s core strategic focus is to generate sustainable cash flow improvements and shareholder returns by focusing on five key areas, namely:

  • People are the foundation of our business. Our business must operate according to our values if it is to remain sustainable in the long term.
  • We must ensure our balance sheet always remains able to meet our core funding needs.
  • All spending decisions must be thoroughly scrutinised to ensure they are optimally structured and necessary to fulfil our core business objective.
  • We have a portfolio of assets that must be actively managed to improve the overall mix of our production base as we strive for a competitive valuation as a business.
  • While we are focused on ensuring the most efficient day-to-day operation of our business, we must keep a close eye on creating a competitive pipeline of long-term opportunities.

These focus areas drive our plans for inward investment, to deliver better quality production aimed at increasing margins, extending mine lives and shaping the portfolio in the longer term.

Mission

To create value for our shareholders, our employees and our business and social partners through safely and responsibly exploring, mining and marketing our products. Our primary focus is gold, but we will pursue value creating opportunities in other minerals where we can leverage our existing assets, skills and experience to enhance the delivery of value.

Vision

To be the leading mining company.

Our Values

Our business values and beliefs guide our behaviour, in order that we make a positive impact. These behaviours and beliefs link our business activities to our social performance.

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Safety is our first value.

Safety

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We treat each other with dignity and respect.

Dignity and respect

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We value diversity.

Diversity

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We are accountable for our actions and undertake to deliver on our commitments.

Accountability

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We want the communities and societies in which we operate to be better off for AngloGold Ashanti having been there.

Community

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We respect the environment.

Environment