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Performance review-key data by region
- Vision, mission and values
- Scope of the report
- Chairman’s letter
- Corporate profile
- Key features 2008
- Performance review-key data by region
- Group overview key data
- The process of producing gold
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South Africa
The seven deep-level AngloGold Ashanti operations and one surface operation in South Africa employed around 37,000 people (including contractors) and produced 2.1 million ounces of gold, equivalent to 42% of group production. At year-end, South African Ore Reserves totalled 33.7 million ounces.
| Employees:* | Production 2008: | Capital expenditure: | ||||
|---|---|---|---|---|---|---|
| South Africa | South Africa: | 2,099 ounces | (42%) | South Africa: | $337 million | |
| Corporate office: | 463 | Corporate office: | $12 million | |||
| Operations: | 37,127 | |||||
Africa (excluding South Africa)
AngloGold Ashanti has eight gold mining operations in Africa (excluding South Africa) – two in Ghana, one in Guinea, three in Mali, one in Namibia and one in Tanzania. Combined, these operations employed around 16,000 people (including contractors) and produced a total of 1.6 million attributable ounces of gold, equivalent to 33% of group output. Ore Reserves at these operations amounted to 23.0 million ounces at year-end.
| Employees:* | Production 2008: | Capital expenditure: | ||||
|---|---|---|---|---|---|---|
| Ghana: | 7,502 | Ghana: | 557,000 ounces | (11%) | Ghana: | $166 million |
| Guinea: | 2,933 | Guinea: | 333,000 ounces | (7%) | Guinea: | $22 million |
| Namibia: | 482 | Namibia: | 68,000 ounces | (1%) | Namibia: | $12 million |
| Mali: | 1,611 | Mali: | 409,000 ounces | (8%) | Mali: | $7 million |
| Tanzania: | 3,116 | Tanzania: | 264,000 ounces | (6%) | Tanzania: | $53 million |
Australia
AngloGold Ashanti has one operating gold mine in Australia being Sunrise Dam. Approximately 1,200 people (including contractors) were employed in Australia at year-end and 433,000 ounces of gold, equivalent to 9% of group output, were produced. Ore Reserves amounted to 8.6 million ounces at year-end.
| Employees:* | Production 2008: | Capital expenditure: | ||||
|---|---|---|---|---|---|---|
| Australia: | 1,198 | Australia: | 433,000 ounces | (9%) | Australia: | $439 million (including Boddington) |
North America
AngloGold Ashanti has one operating gold mine, CC&V, in the United States which employed approximately 400 people (including contractors) and produced 258,000 ounces, equivalent to 5% of group output. Ore Reserves amounted to 4.9 million ounces at year-end.
| Employees:* | Production 2008: | Capital expenditure: | ||||
|---|---|---|---|---|---|---|
| USA: | 421 | USA: | 258,000 ounces | (5%) | USA: | $27 million |
South America
AngloGold Ashanti has three gold mining operations in South America – two in Brazil and one in Argentina – which combined employed around 5,200 people (including contractors) and produced a total of 561,000 attributable ounces, equivalent to 11% of group output. Total Ore Reserves at these operations amounted to 4.8 million ounces at year-end.
| Employees:* | Production 2008: | Capital expenditure: | ||||
|---|---|---|---|---|---|---|
| Argentina: | 1,072 | Argentina: | 154,000 ounces | (3%) | Argentina: | $16 million |
| Brazil: | 4,095 | Brazil: | 407,000 ounces | (8%) | Brazil: | $110 million |
* Includes contractors
HIGHLIGHTS
2002
Sale of Free State operations
Interest in Cerro Vanguardia increased to 92.5%
2003
Sale of various uneconomic assets
2004
Business combination with Ghanaian company Ashanti Goldfields concluded – name changed to AngloGold Ashanti
Rationalisation of assets and operations continues
2005
Substantial restructuring of hedge book begins
Facility for $700 million revolving credit approved
Granted new order mining rights in terms of MPRDA
2006
$500 million raised in equity offering
Rationalisation of assets and operations continues
Several new exploration ventures entered into
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ANGLOGOLD ASHANTI Annual Report 2008