Ron Largent, Executive Vice President – Americas, discusses AngloGold Ashanti’s operation and project in the region

Ron Largent

Executive Vice President – Americas Listen to podcast
Hard-won improvements cemented in Brazil and Argentina Map: Americas

AngloGold Ashanti has the Cripple Creek & Victor mine in the United States, the Cerro Vanguardia mine in Argentina, the AngloGold Ashanti Córrego do Sítio Mineração (AGA Mineração) and Serra Grande operations, both in Brazil. The Americas represents one of the most important growth regions for AngloGold Ashanti.

Combined production from these operations increased by 3% to 842,000oz of gold in 2010. This was equivalent to 18.7% of group production. Total cash costs increased by 19% to $432/oz. In all, 6,582 people including contractors, were employed, 698 more than in 2009. Total capital expenditure for the region was $311m, an increase of 21% on the $258m spent in 2009. The bulk of this, 50%, was spent on projects, 32% stay-in-business capital, and the balance on Ore Reserve development.

The total Mineral Resource across the Americas, attributable to AngloGold Ashanti, was 44Moz at the end of 2010 and the attributable Ore Reserve was 10Moz.

AngloGold Ashanti also conducts an extensive greenfield programme across the Americas, most notably in Colombia, where it holds a significant land position and has made two greenfield discoveries – Gramalote and La Colosa – which together account for 13.5Moz of the Americas Mineral Resource. The company also has exploration activities, either conducted by its own teams or with joint venture partners, in Canada, Brazil and Argentina, among others. See Global exploration.

AngloGold Ashanti’s Americas region fully endorses the company’s objective to eliminate workplace injuries, incidents and illnesses across its operations. As in the previous year, no fatal injuries occurred in 2010. Underpinning this performance has been a significant reduction in the total number of safety-related incidents, where an all injury frequency rate of 5.66 per million hours worked was achieved during the year. This represents a 21% reduction when compared with 2009 and a 43% improvement since 2008 (2009: 7.12 and 2008: 9.92).

Contribution to Americas production

Contribution to Americas production

Gold production

Gold production (000oz)

Attributable capital expenditure

Capital expenditure ($m)

Total cash cost

Total cash cost ($/oz)

Total number of employees*

Total number of employees*

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