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AngloGold Ashanti Limited
Type	Public; (JSE: ANG); (NYSE: AU); (LSE: AGG); (ASX: AGG); (GSE:AGA); (Euronext: ANG)
Founded	2004 (merger)
Headquarters	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 with mines on four continents. 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.

[edit] 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.

[edit] 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

[edit] Sources

AngloGold's response to Human Rights Watch allegations (pdf), 2005.
D.R. Congo: Gold Fuels Massive Human Rights Atrocities - Human Rights Watch article
Anglo American: The Alternative Report

[edit] See also

Sam E. Jonah ACSM, former president of AngloGold Ashanti.
Gold as an investment
Morro Velho

[edit] References

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

[edit] External links

[Anglo_American:_The_Alternative_Report-0] Anglo American: The Alternative Report

[1] AnglGold quarterly report December 2007 accessed: 22 September 2009

[2] Attributable gold production per operation 2008 AngloGold Ashanti website, accessed: 22 September 2009

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