Annual Financial Statements
  • Russell Edey

    Chairman’s letter

    The past year represented a milestone year for AngloGold Ashanti – one in which we believe we delivered on a number of restructuring commitments that have positioned us well as we look to the future.

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  • Mark Cutifani

    CEO’s review

    The year 2008, my first full year in office as CEO of AngloGold Ashanti, has been both eventful and fulfilling.

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  • Srinivasan Venkatakrishnan

    CFO’s report

    There were three key financial challenges that faced AngloGold Ashanti during 2008.

Review of operations

Scope of the report

AngloGold Ashanti has produced a suite of complementary reports to communicate on all aspects of its operating and financial performance for the year 1 January 2008 to 31 December 2008.

About AngloGold Ashanti

Headquartered in Johannesburg, South Africa, the company has 21 operations and a number of exploration programmes in both the established and new gold-producing regions of the world.

The process of producing gold

The process of producing gold

AngloGold Ashanti’s core business is the production of gold by exploring for, and mining and processing gold orebodies.

 
The gold and uranium markets

The gold and uranium markets

Gold accounts for 98% of AngloGold Ashanti's revenue from product sales on international markets.

 
Global exploration

Global exploration

Total exploration expenditure in 2008 amounted to $183 million, of which $77 million was spent on greenfield exploration, $86 million on brownfield exploration and the balance of $20 million on pre-feasibility studies.

 
The process of producing gold

AngloGold Ashanti as an employer and corporate citizen

In late 2007, AngloGold Ashanti embarked on a consultative process to review the company’s vision, mission and values

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Key features 2008

  • Fatality rate declined by 57%
  • New company vision, mission and values developed.
  • Continued restructuring to focus on new company strategy.
  • Reduced hedge commitments, down by 47%
  • Settlement of the convertible bond.
  • Mineral Resources up 16%
  • Total dividend for the year of 100 South African cents

More details...

Governance

Financial statements

 

ANGLOGOLD ASHANTI Annual Financial Statements 2008