AngloGold Ashanti
 |
|
| Public company | |
| Traded as |
JSE: ANG : AU ASX: AGG |
| Industry | Mining |
| Founded | 2004 (by merger with Henderson Group) |
| Headquarters | Johannesburg, South Africa |
|
Area served
|
Worldwide |
|
Key people
|
Tito Mboweni (Chairman of the Board) Srinivasan Venkatakrishnan (CEO) |
| Products | Gold Silver Uranium oxide |
| Revenue |
 US$ 5.334 billion (2010)
|
|
US$ 0.518 billion (2010)
|
|
|
US$ 0.076 billion (2010)
|
|
| Total assets |
US$ 9.532 billion (2010)
|
| Total equity |
US$ 3.989 billion (2010)
|
|
Number of employees
|
62,046 – June 2011 |
| Website | AngloGoldAshanti.com |
AngloGold Ashanti Limited is a global gold mining company. 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.
In 2008, AngloGold produced 4.98 million ounces of gold from its operations, estimated to be seven percent of the global production. In 2009, the company's gold output dropped to 4.6 million ounces. As of the third quarter of 2014, Anglogold was the world's third-largest producer of gold, behind Barrick Gold and Newmont Mining.
The company was formed on 26 April 2004, after the High Court of Ghana approved the merger of AngloGold and the Ashanti Goldfields Corporation three days earlier. This came almost a year after the merger was announced on 16 May 2003. In the transaction, Ashanti shareholders received 0.29 ordinary shares of AngloGold for every Ashanti share.
The new company sold its Union Reef Gold Mine in the Northern Territory of Australia in August 2004, followed by the sale of the Freda-Rebecca Gold Mine in Zimbabwe a month later.
In late 2007, Mark Cutifani replaced Bobby Godsell as CEO of AngloGold Ashanti, being appointed a director of the company on 17 September 2007 and as CEO on 1 October that year.
In January 2009, AngloGold Ashanti sold its 33% stake in the Boddington Gold Mine in Australia to Newmont Mining for US$1.0 billion.
Russell Edey, chairman of AngloGold since 2002 and, after the merger also of AngloGold Ashanti, was replaced by Tito Mboweni in May 2010. The company's Tau Lekoa Gold Mine in South Africa was sold to Buffelsfontein Gold Mines Limited in February 2009, with ownership being transferred on 1 August 2010.
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Wikipedia