Exploration AngloGold Ashanti Gold Mines In World

      Gold mining companies AngloGold began in South Africa in May of 1998, when the gold and uranium mining interests of Anglo American Corporation of South Africa were consolidated. AngloGold Limited was formed in June 1998 through the consolidation of the gold interests of Anglo American Corporation of South Africa Limited (AAC) and its associated companies, namely East Rand Gold and Uranium Company Limited; Eastvaal Gold Holdings Limited; Southvaal Holdings Limited; Free State Consolidated Gold Mines Limited; Elandsrand Gold Mining Company Limited; H.J. Joel Gold Mining Company Limited and Western Deep Levels Limited into a single, focused, independent, gold company. Vaal Reefs Exploration and Mining Company Limited (Vaal Reefs), the vehicle for the consolidation, changed its name to AngloGold Limited and increased its authorised share capital, effective 30 March 1998. AngloGold acquired minority shareholders interest in Driefontein Consolidated Limited (17%); Anmercosa Mining (West Africa) Limited (100%); Western Ultra Deep Levels Limited (89%); Eastern Gold Holdings Limited (52%); Erongo Mining and Exploration Company Limited (70%)
      In August 1998, AngloGold became the first South African company to list on the NYSE. AngloGold Ashanti Limited is a global gold mining company by the merger of AngloGold and the Ashanti Goldfields Corporation in 2004 AngloGold Ashanti Limited constitute mining for a gold exploration, development and production company with operations in South Africa, Ghana, Guinea, Mali, Namibia and Tanzania. The AngloGold constitute largest gold mines in the world. They are listed on the Johannesburg Stock Exchange (JSE:AGA), the New York Stock Exchange (NYSE:AU), the London Stock Exchange (LSE:AGD), the Ghana Stock Exchange (GhSE:AGA) and the Australian Securities Exchange (ASX:AGG).
      AngloGold Ashanti headquartered in Johannesburg, South Africa and South African gold producer with has 20 operations in 10 countries on four continents, as well as several exploration programmes in both the established and new gold producing regions of the world. Its Latin American assets include the Cerro Vanguardia mine in Argentina, a joint venture with local firm Fomicruz located in Santa Cruz province, while in Brazil it has the mines Córrego do Sítio Mineração, in Minas Gerais state, and Serra Grande, in Goiás state. The company is also exploring the Graben project, where it has an agreement with Graben Mineração to explore its tenement in the Juruena belt. Finally, its Colombian properties include La Colosa, Gramalote and Nuevo Chaquiro, a copper-gold porphyry-style deposit within its Quebradona project, a JV with Vancouver-based B2Gold. AngloGold Ashanti employed 61,242 people, including contractors, in 2011 (2010: 62,046) and produced 4.33Moz of gold (2010: 4.52Moz), generating $6.6bn in gold income, excluding joint ventures (2010: $5.3bn). Capital expenditure in 2011 amounted to $1.5bn (2010: $1.0bn). As at 31 December 2011, AngloGold Ashanti had an attributable Ore Reserve of 75.6Moz (2010: 71.2Moz) and an attributable Mineral Resource of 230.9Moz (2010: 220.0Moz).
      Anglo American started reducing its stake in AngloGold Ashanti in April 2006 via equity placement. Thereafter, Anglo American continued to implement small sales of its remaining interest in AngloGold Ashanti via the market and in March 2009, sold its remaining interest.AngloGold Ashanti remains an independent gold producer, with no dominant investor and a diverse spread of shareholders which count among the world’s largest financial institutions AngloGold Ashanti endeavours to maximise the returns delivered to shareholders through the economic cycle, by producing gold safely, responsibly and efficiently.

Exploration AngloGold Ashanti
Exploration at AngloGold Ashanti has 2 key high level objectives to form important price and create significant value for the company:

1. Greenfields Exploration
      Greenfields Exploration aims to make large, high-value gold discoveries leading directly to new mines. AngloGold Ashanti’s Greenfields Exploration team has been recognized as the industry’s most successful discoverer in the last fifteen years.* It has a proven track record that includes the world-class discoveries of La Colosa, Gramalote and Tropicana.These discoveries are attributed to our committed and professional team of explorationists working on a portfolio of highly prospective and strategic ground holdings. Greenfields Exploration provides a pipeline of high-quality and rigorously prioritised exploration projects, which in turn lead towards discovery of new deposits and mines.

2. Brownfields Exploration
      Brownfields Exploration focuses on delivering value through incremental additions to reserves in existing mines as well as new discoveries in defined areas around existing operations. AngloGold Ashanti continues to actively drive the creation of value by growing its major asset, namely its Mineral Resource and Ore Reserve. This is based on a well-defined and effective brownfields exploration programme about existing operations, innovation in geological modelling and mine planning, and continual optimisation of its asset portfolio.
AngloGold Ashanti Mining Operations 


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