AngloGold is the world's largest gold producer, with the most extensive reserves and resources. AngloGold believes in gold and its future, both as a sought-after product and the ultimate store of value.
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Corporate profile
AngloGold is the world's largest gold producer, with the most extensive reserves and resources. AngloGold believes in gold and its future, both as a sought-after product and the ultimate store of value.
As at 31 December 2000, AngloGold's annual production amounted to some 7 million ounces of gold, while the company holds ore reserves of 88 million ounces and resources of 398 million ounces.
Directed from its headquarters in Johannesburg, AngloGold is a truly global gold company. Its production base spans four continents, with a combination of underground, open-pit and surface reclamation operations in Argentina, Australia, Brazil, Mali, Namibia, South Africa, Tanzania and the United States of America. AngloGold is actively exploring in 12 countries on four continents.
Formed in June 1998 through the merger of the gold interests of Anglo American and its associated companies, the company is listed on the Johannesburg (ANG), London (79LK), New York (AU) and Australian (AGG) stock exchanges and the Brussels (ANG BB) and Paris (VA FP) bourses.
As at 31 December 2000, AngloGold's market capitalisation was R23.7 billion ($3.1 billion), with some 107 million ordinary shares in issue.
AngloGold's primary objective is the enhancement of shareholder value. The company prides itself on consistently producing high rates of return on shareholders' equity and capital employed, good profits and strong cash flows and has an excellent track record in paying dividends.
Through its international gold marketing initiatives on its own and in collaboration with organisations such as the World Gold Council AngloGold is determined to sustain and grow the market for its product.
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