In our opinion, Selected Data marked in the Report to Society 2004 with this symbol adequately reflect AngloGold Ashanti's performance in all material respects.
Following the business combination between AngloGold and Ashanti Limited becoming effective on 26 April 2004, task teams were appointed to ensure the integration of systems and values between the two companies. A number of structural and senior management changes have been effected and the integration between the two companies has now largely been completed.
At the Navachab operation in Namibia, the company successfully transferred to owner-mining (as opposed to contractor-mining) during the year.
A bursary scheme was implemented in the Mali region during the year in an effort to develop local skills and expedite the localisation programme. Ten top Malian school leavers began graduate studies at the University of Pretoria, South Africa, at the beginning of 2005 in the disciplines of mining, engineering, metallurgy, environment and geology, following a language bridging programme at the end of 2004.
A two-year dispute regarding the legal obligation of the Morila Mine in
Mali to pay a bonus scheme (prime de rendement) was successfully resolved in November 2004.
Closure plans, particularly in respect of reskilling of employees have progressed at Ergo in
South Africa in anticipation of the cessation of operations in early 2005.