Ethics

AngloGold Ashanti subscribes firmly to behaving ethically and abiding by the rule of law in the jurisdictions in which it operates.

The Group appreciates that business ethics extend beyond legal compliance, and form the foundation for a transparent, positive work culture.

The Board, recognising that good governance underpins value creation for all stakeholders and the sustainability of the business, provides ethical leadership and is ultimately responsible for our corporate governance.

AngloGold Ashanti also maintains policies and procedures designed to ensure compliance with applicable anti-corruption and anti-bribery laws, including those requiring that accurate accounts and records be maintained. These policies and procedures are used to raise employee and stakeholder awareness relating to bribery and corruption.

Our Code of Business Principles and Ethics sets out our expectations for the conduct of our directors, officers, employees, contractors and consultants and affirms our commitment to the highest standards of integrity and ethics in the conduct of our business.

Good citizenship and tax compliance

AngloGold Ashanti demonstrates good citizenship and attempts to proactively manage challenges. We employ a comprehensive approach, and strive to operate within the letter of the law, engage stakeholders, achieve compliance, and meet local employment and procurement commitments. We are guided by the work of other intergovernmental organisations such as the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development and the Organisation for Economic Co-operation and Development (OECD).

We engage on an ongoing basis with communities and governments, with a focus on competency, value creation and sharing, which, along with co-creating solutions with communities, are key strategies to maintain and increase trust levels.

AngloGold Ashanti actively supports the EITI. This underscores our belief that earning and sustaining our social licence to operate necessitates partnerships with government and community stakeholders in our operational countries, contributing to their long-term sustainability.

Our tax strategy, which is approved by the Board, articulates our commitment to contributing tax revenues to the economies of the nations where we conduct business and our adherence to transparent tax management practices. Our approach aligns with the ICMM’s Mining Principles and incorporates the organisation’s updated position statement on the transparency of mineral revenues.

AngloGold Ashanti is committed to ethical leadership and responsible corporate citizenship. As part of this commitment, the Company has a Speak-up Standard supported by a formal Speak-up program to promote organisational accountability, transparency, and individual responsibility. The program encourages stakeholders to report potential violations in a responsible and ethical manner. It provides a secure channel for raising concerns about misconduct – whether illegal or unethical – for independent and objective investigation.

The Speak-up program uses NAVEX, an independent third-party provider, to ensure confidential and anonymous reporting for all stakeholders.

You can submit a report through Speak-up. You can also report to your Line Management, the Human Resources function, Group Compliance, Group Legal or Group Internal Audit.

Before making a report

We encourage you to gather as much relevant information as possible. The following guidelines are intended to assist you:

• Business unit and country;
• Department involved;
• Names or titles of people involved;
• Names of outside parties involved;
• Dates/periods of alleged events;
• Evidence that may exist;
• Amounts, if money involved;
• Nature of assets; and/or
• Danger posed