AngloGold Ashanti's business is gold. Its activities range from exploring for and mining the
precious metal to processing and beneficiation.
The company is headquartered in Johannesburg, South Africa. It has a global presence with
21 operations located in 10 countries on four continents. In 2005, AngloGold Ashanti
employed on average 63,993 people (employees and contractors) at its operations, the
majority of whom (66%) were employed at the more labour-intensive South African
operations. In many of the regions and countries in which it operates, AngloGold Ashanti's
business is an important part of local, regional and national economies – as an employer, a
developer of mineral resources, a taxpayer and a corporate citizen.
AngloGold Ashanti is acutely aware of the role that it has, can and should play in the
communities and countries in which it operates. The company is committed to a set of values
that were developed in consultation with employees. These values are reviewed on an
ongoing basis to ensure that they accurately reflect the nature and impact of the business and
its economic, social and moral obligations to society. To ensure the practical manifestation of
these principles in ordinary business practice, AngloGold Ashanti has further developed a set
of business principles covering the major elements of its impact on society.
These business principles relate to:
- responsible and ethical citizenship;
- safety and health;
- labour practices;
- the environment; and
- the community.
This report presents the company's annual review of how it has performed against these
business principles - whether it has met its objectives and how it plans on meeting its
targets in the future.
The Economic Performance section of this report is based on information drawn from the
company's Annual Report which is published concurrently with this document. The
information in the financial statements has been audited by external auditors, Ernst and
Young. Once again the report has been produced in accordance with the
Initiative (GRI) guidelines.