AngloGold Ashanti
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| Type | Public (JSE: ANG) (NYSE: AU) (LSE: AGG) (ASX: AGG) (GSE:AGA) (Euronext: ANG) |
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| 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, Ghanaian, London and Australian stock exchanges, as well as the Paris and Brussels bourses.
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[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] References
- 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
- Sunrise Dam Gold Mine
- Morro Velho
[edit] External links
- AngloGold Ashanti Homepage
- A Glittering Demon: Mining, Poverty and Politics in the Democratic Republic of Congo
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