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:Exploration AngloGold Ashanti
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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