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Anglogold Ashanti

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Company Research Report: AngloGold Ashanti



Company Overview



Name


AngloGold Ashanti plc

Mission


Our vision is to be the leading mining company, empowering people and advancing societies through responsible gold mining.

Foundation and Founders


  • Founded: June 1998

  • Founders: Formed through the consolidation of the gold interests of Anglo American Corporation of South Africa Limited (AAC) and its associated companies.


Key People


  • Chief Executive Officer: Alberto Calderon

  • Chief Financial Officer: Gillian Doran

  • Chairperson: Jochen Tilk

  • Other Key Executives:

  • Lisa Ali, Chief People Officer

  • Stewart Bailey, Chief Sustainability & Corporate Affairs Officer

  • Terry Briggs, Chief Development Officer

  • Marcelo Godoy, Chief Technology Officer

  • Richard Jordinson, Chief Operating Officer

  • Lizelle Marwick, Chief Legal Officer


Headquarters


  • Principal Executive Office: 4th Floor, Communications House, South Street, Staines-Upon-Thames, Surrey, TW18 4PR, United Kingdom

  • Group Headquarters: 6363 S. Fiddlers Green Circle, Suite 1000, Greenwood Village, CO 80111, United States


Number of Employees


  • Average Number of Employees (2023): 33,658 (including contractors)


Revenue


No information is available

Notable Achievements


  • Gold Production (2023): 2.635Moz

  • Silver Production (2023): 4.4Moz

  • Market Capitalisation (2023): $7.8 billion

  • Measured and Indicated Mineral Resource (2023): 59.9 Moz (gold)

  • Inferred Mineral Resource (2023): 46.4 Moz (gold)


Products



Key Products


  • Gold

  • Primary product of AngloGold Ashanti.


Characteristics


  • AngloGold Ashanti operates a diverse portfolio of high-quality operations, projects and exploration activities across nine countries on four continents.


Key Features


  • Measured and Indicated Mineral Reserves: 59.9 Moz (as of 31 December 2023)

  • Inferred Mineral Reserves: 46.4 Moz (as of 31 December 2023)


Recent Developments



Key Events


  • HY 2024 Earnings Release: Published on 6 August 2024 for the six months ended 30 June 2024.

  • Corporate Restructuring (2023): Completed September 2023, marking a significant restructuring including a primary listing on the New York Stock Exchange.


Partnerships


  • University of Fort Hare Partnership: June 2024, an agreement on academic partnership.

  • MOUs and Collaborative Initiatives:

  • Signed MoUs enhancing SME development and social economic development in host communities.


New Products and Features


  • North Bullfrog Project: First-time Mineral Reserve declared after the successful completion of a Feasibility Study.

  • Exploration Initiatives: Extensive exploration drilling at Nevada projects, delivering notable achievements, particularly in the Merlin deposit.


Key Product Launch


No information is available

Features Added to Existing Products


  • Increased Resource Estimation: Successful exploration resulting in a substantial first-time declaration of 9.1Moz Inferred Mineral Resource at the Merlin deposit.

  • Operational Enhancements: Notable ongoing improvements in mining and processing technologies to enhance efficiency and reduce environmental impact.


Additional Relevant Information



Environmental, Social, Governance (ESG) Performance


  • Environmental Stewardship:

  • Reduction in GHG emissions and increased water reuse

  • Social Responsibility:

  • Significant community investments and procurement with local suppliers

  • Governance:

  • Robust governance structures and compliance with global ESG standards


Historical Background


  • Formation: AngloGold Limited (1998) and merger with Ashanti Goldfields (2004).

  • Evolution: From its South African roots, it expanded globally, focusing on streamlining and enhancing its portfolio through acquisitions and sales.


Sustainability Initiatives


  • Sustainability Report: Comprehensive overview of external principles, charters, standards, and frameworks AngloGold Ashanti adheres to.

  • Social Investments: Over $18 million invested in community development in 2023.


Focus on Innovation


  • Green and Brownfield Explorations: Significant investments in both greenfield (new) and brownfield (existing) sites to sustain long-term value creation.


Conclusion



AngloGold Ashanti remains a key player in the global gold mining industry with a robust focus on sustainability, innovation, and community engagement. With a geographically diverse portfolio and constant improvement in operational efficiencies, the company continues to advance towards its vision of being a leading mining company.