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AngloGold Ashanti

 
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AngloGold Ashanti Limited

(NYSE:AU) (Johannesburg:ANG)
Company Financials
Income Statement
Balance Sheet
Cash Flow Statement

Contact Information
AngloGold Ashanti Limited
76 Jeppe St., Newtown
Johannesburg 2001, South Africa
Tel. +27-11-637-6000
Fax +27-11-637-6624

Type: Public
On the web: http://www.anglogoldashanti.com/
Employees: 62,895
Employee growth: 2.2%

AngloGold Ashanti is contending with Newmont and Barrick to be known as the world's largest gold miner. The company has about 75 million ounces of proved and probable reserves and produces about 5 million ounces from Africa, Australia, and the Americas; it also has many exploration projects worldwide. In all, the company operates 20 mines in 10 countries. Though about three-quarters of its production is located in Africa, the company has producing mines throughout the Americas and exploration projects in that region as well as in Russia, China, and the Philippines.

Key numbers for fiscal year ending December, 2008:
Sales: $3,730.0M
One year growth: 20.5%
Net income: ($563.0)M

Officers:
Chairman: Russell P. Edey
CEO and Director: Mark Cutifani
CFO and Director: Srinivasan (Venkat) Venkatakrishnan

Competitors:
Barrick Gold
Gold Fields
Newmont Mining

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abbr.

Latin. auris utraque (each ear)

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AngloGold Ashanti Limited
Type Public
(JSE: ANG)
(NYSEAU)
(LSE: AGG)
(ASXAGG)
(GSE:AGA)
(Euronext: ANG)
Founded 2004 (merger)
Headquarters South Africa Johannesburg, South Africa
Area served Worldwide
Key people Russell P. Edey
(Chairman of the Board)
Mark Cutifani
(CEO) & (Executive Director)
Industry Mining
Products Gold
Silver
Uranium oxide
Revenue $ 3.619 billion (2008)
Operating income $ -1.220 billion (2008)
Net income $ -1.195 billion (2008)
Total assets $ 9.451 billion (2008)
Total equity $ 3.322 billion (2008)
Employees 62,895 - March 2009
Website AngloGoldAshanti.com

AngloGold Ashanti Limited is a global gold mining company. It was formed in 2004 by the merger of AngloGold and the Ashanti Goldfields Corporation.

AngloGold Ashanti Limited is now a global gold producer with 21 operations on four continents. The company is listed on the New York, Johannesburg, Accra, London and Australian stock exchanges, as well as the Paris and Brussels bourses.

Contents

Criticism

It has recently drawn unfavorable comment from Human Rights Watch for its handling of its exploration operation in the Democratic Republic of Congo. The company has admitted paying extortion money to Nationalist and Integrationist Front in exchange for access to gold mines in the Ituri province of the DRC (AngloGold 2005). AngloGold Ashanti responded to the allegations in Human Rights Watch's report with a statement released in 2005.

In August 2007 British charity War on Want published a report accusing AngloGold Ashanti's parent company Anglo American of profiting from the abuse of people in the developing countries in which the company operates.[1] The report highlights abuses committed by AngloGold Ashanti subsidiaries in Colombia, Ghana and Mali.

Gold production

Recent gold production figures for the company's mines were (ounces per annum):

Mine Country 2007 [2] 2008 [3] 2009
Brasil Mineração Gold Mine Brazil 317,000 320,000
Cerro Vanguardia Gold Mine Argentina 204,000 154,000
Cripple Creek & Victor Gold Mine United States 282,000 258,000
Geita Gold Mine Tanzania 327,000 264,000
Great Noligwa Gold Mine South Africa 483,000 330,000
Iduapriem Gold Mine Ghana 167,000 200,000
Kopanang Gold Mine South Africa 418,000 362,000
Moab Khotsong Gold Mine South Africa 67,000 192,000
Morila Gold Mine Mali 180,000 170,000
Mponeng Gold Mine South Africa 587,000 600,000
Navachab Gold Mine Namibia 80,000 68,000
Obuasi Gold Mine Ghana 360,000 357,000
Sadiola Gold Mine Mali 140,000 172,000
Savuka Gold Mine South Africa 73,000 66,000
Serra Grande Gold Mine Brazil 91,000 87,000
Siguiri Gold Mine Guinea 280,000 333,000
Sunrise Dam Gold Mine Australia 600,000 433,000
Tau Lekoa Gold Mine South Africa 165,000 143,000
TauTona Gold Mine South Africa 409,000 314,000
Vaal River Surface Operations South Africa 125,000 92,000
Yatela Gold Mine Mali 120,000 66,000
Overall World 5,480,000 4,982,000

Sources

See also

References

  1. ^ Anglo American: The Alternative Report
  2. ^ AnglGold quarterly report December 2007 accessed: 22 September 2009
  3. ^ Attributable gold production per operation 2008 AngloGold Ashanti website, accessed: 22 September 2009

External links


 
 
Learn More
Newmont Mining Corporation (Public Company)
Anglo American plc (Public Company)
Barrick Gold Corporation (Public Company)

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