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ANGLOGOLD ASHANTI LIMITED

ASX: AGG

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

Headquartered in Johannesburg, South Africa, AngloGold Ashanti has 20 operations on four continents and several exploration programmes in both the established and new gold producing regions of the world. AngloGold Ashanti employed 62,046 people, including contractors, in 2010 and produced 4.52Moz of gold (2009: 4.60Moz), generating $5.3bn in gold income (2009: $3.8bn). Capital expenditure in 2010 amounted to $1,015m (2009: $1,027m). As at 31 December 2010, AngloGold Ashanti’s Ore Reserve totalled 71.2Moz.

The main aim of AngloGold Ashanti's greenfield team is to make significant, high-value gold discoveries in new and existing regions, while brownfield exploration focuses on incremental additions to known orebodies and new discoveries in defined areas around existing operations.

The group's exploration programme, which covers greenfield, brownfield, and more recently, marine exploration, is conducted either directly or in collaboration with partners. The group's foremost recent greenfield discovery is the La Colosa deposit in Colombia (see map below for regions of active greenfield exploration). In October 2009, the group established a joint venture to explore for marine mineral deposits on the continental shelf. This complements AngloGold Ashanti's existing terrestrial exploration and mining activities.

In 2011, total exploration expenditure of some $375m is planned, with $100m to be spent on greenfield exploration and $111m allocated to prefeasibility studies at the La Colosa and Gramalote projects in Colombia, as well as feasibility studies at the Central Mongbwalu deposit in the DRC and associated expenditures. Of the balance, $143m is earmarked for brownfield exploration inclusive of $50m of capitalised expenditure and $21m for the De Beers joint venture focusing on marine exploration on the continental shelf.

Mine For

gold, lead, zinc, silver, copper, nickel, uranium

Location of operation(s)

Argentina, Australia, Brazil, Colombia, Ghana, Guinea, Mali, Namibia, South Africa, Tanzania, USA

Address

76 Jeppe St
NEWTOWN, JOHANNESBURG, SOUTH AFRICA

Phone

+27 11 637 6000

Email

Website


Last Updated

21/04/2011

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.

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