AngloGold Ashanti is a leading global producer of gold. Headquartered in Johannesburg, South Africa, the company has 20 operations and a number of exploration programmes in both the established and new gold-producing regions of the world.
In 2007, AngloGold Ashanti produced 5.5 million ounces of gold from its operations – an estimated 7% of global production – making it the third largest producer in the world. The bulk of its production came from deep-level underground operations (40%) and surface operations (3%) in South Africa. Contributions from other countries were Ghana (10%), Mali (8%), Australia (11%), Brazil (7%), Tanzania (6%), USA (5%), Guinea (5%), Argentina (4%) and Namibia (1%).
In South Africa, ramping up of production at Moab Khotsong continued. Full production here is scheduled for 2009. Development proceeded at the group’s newest venture, the Boddington mine in Australia, which is being developed in partnership with the Newmont Mining Corporation. Production (33.33% attributable) is expected to come on stream in late 2008/early 2009.
During 2007, AngloGold Ashanti’s global exploration programme continued to gain momentum, either directly or in collaboration with exploration partnerships and joint ventures, in Colombia and the Democratic Republic of Congo (DRC), Australia, Russia, China and the Philippines.
As at 31 December 2007, AngloGold Ashanti employed approximately 62,000 people, including contractors, had proved and probable ore reserves of 73.1 million ounces of gold and had incurred capital expenditure of $1,059 million for the year.
In response to an ever-changing socio-economic environment, AngloGold Ashanti has announced its intention to review its current structure and asset base. It remains a values-driven company and these values, the foremost of which is safety, and the group’s business principles continue to guide the company, its managers and employees, and form the basis of the company’s compact with all of its business – shareholders, employees, communities, business partners, governments and civil society organisations.
AngloGold Ashanti’s primary stock exchange listing is on the JSE Limited (Johannesburg). It is also listed on the exchanges in New York, London, Australia and Ghana as well as on Euronext Paris and Euronext Brussels. AngloGold Ashanti had 277,457,471 ordinary shares in issue and a market capitalisation of $11.9 billion as at 31 December 2007 (31 December 2006: $13.0 billion).
AngloGold Ashanti Annual Report 2007 – Annual Financial Statements