<% FROM="\InformationForInvestors\AnnualReport01\report\inv_principal.htm" SITE="anglogold-main" %> AngloGold Annual Report 2001 - Investment in principal subsidiaries and joint venture interests
Investment in principal subsidiaries and joint venture interests
   
| Contents |
for the year ended 31 December 2001

Nature of Percentage Net loan
business Shares held held Book value account
2001 2000 2001 2000 2001 2000 2001 2000
% % Rm Rm Rm Rm

Direct investments
Advanced Mining Software Limited C 40,000 40,000 100 100 2 2 (6) (4)
AngloGold American Investments Limited 1 B 1 1 100 100 928 928 (203) 97
Anglogold Health Service (Pty) Limited G 8 8 100 100 - - 103 93
AngloGold Offshore Investments Limited 1 B 5,001,000 5,001,000 100 100 1,180 1,180 (1,084) (1,064)
43,251* 43,251* 100 100 - - - -
AngloGold Ventures (Pty) Limited F 1 1 100 100 - - 65 -
Eastvaal Gold Holdings Limited B 454,464,000 454,464,000 100 100 917 917 (604) (604)
Igolide Health Networks (Pty) Limited G 100 100 100 100 - - - -
Masakhisane Investment Limited B 100 100 100 100 - - 5 4
Nuclear Fuels Corporation of SA (Pty) Limited E 1,450,000 1,450,000 100 100 7 7 - 104
Nufcor International Limited 9 E 3,000,000 3,000,000 50 50 18 18 - -
Southvaal Holdings Limited B 26,000,000 26,000,000 100 100 3 3 (186) (83)
Stone and Allied Industries (O.F.S.) Limited D 400,000 400,000 100 92.85 16 16 4 -
Indirect investments
AngloGold (Colorado) Corporation 5 B 10,000 10,000 100 100 - - - -
AngloGold (Jerritt Canyon) Corporation 5 B 1,000 1,000 100 100 - - - -
AngloGold Argentina Limited 1 B 1 1 100 100 - - - -
AngloGold Argentina S.A. 6 B 1,331,093 1,331,093 100 100 - - - -
AngloGold Australia Investment Holdings Limited 1 B 2,000 2,000 100 100 - - - -
43,251* 43,251* 100 100 - - - -
AngloGold Australia Limited 8 B 257,462,077 257,462,077 100 100 2,724 2,724 83 12
AngloGold Brasil Ltda 7 B 8,827,437,875 8,827,437,875 100 100 - - - -
AngloGold Brazil Limited 1 B 1 1 100 100 - - - -
AngloGold Finance Australia Holdings Limited 10 B 1,002 1,002 100 100 - - - -
43,251* 43,251* 100 100 - - - -
AngloGold Finance Australia Limited 10 B 1,002 1,002 100 100 - - - -
43,251* 43,251* 100 100 - - - -
AngloGold Geita Holdings Limited 1 B 1,000 1,000 100 100 - - 2,581 750
AngloGold Investments Australasia Limited 1 B 2,000 2,000 100 100 - - - -
43,251* 43,251* 100 100 - - - -
AngloGold Investments Australia Pty Limited 8 B 1 1 100 100 - - - -
AngloGold Investments (Sadex) Limited 1 B 1,000 'A' 1,000 'A' 100 100 - - 62 202
AngloGold Mining (West Africa) Limited 2 B 5,000 5,000 100 100 - - - -
AngloGold Morila Holdings Limited 1 B 1,000 1,000 100 100 - - - -
AngloGold Namibia (Proprietary) Limited3 B 10,000 10,000 100 100 - - 139 -
AngloGold North America Inc. 5 B 7,902 7,902 100 100 - - - -
AngloGold North American Holdings Limited 1 B 1 1 100 100 - - - -
AngloGold South America Limited 1 B 488,000 488,000 100 100 - - - -
AngloGold South American Holdings Limited 1 B 1 1 100 100 - - - -
AngloGold USA Incorporated 5 B 100 100 100 100 - - - -
Chellaston Limited 1 B 2 2 100 100 - - - -
Cluff Resources Limited 9 B 46,819,281 46,819,281 50 50 - - - -
Dysart International Limited 1 B 2 2 100 100 - - - -
Erongo Holdings Limited 1 B 13,334 'A' 13,334 'A' 100 100 - - (23) -
Minera?a~o Morro Velho Ltda 7 A 4,585,851,748 4,585,851,748 100 100 - - - -
Minera?a~o Serra Grande S.A. 7 A 499,999,997 499,999,997 50 50 - - - -
Quorum International Limited 1 B 2 2 100 100 - - - -
Sadiola Exploration Limited 1 B 5,000 'A' 5,000 'A' 50 50 - - - -
Joint ventures
Cerro Vanguardia S.A. 6 A 15,000,000 13,050,000 46.25 46.25 - - - -
Geita Gold Mining Limited 11 A 1 1 50 50 - - - -
Soci?t? des Mines de Morila S.A. 4 A 400 400 40 40 - - 1,604 1,069
   Soci?t? d'Exploitation des Mines d'Or de Sadiola S.A. 4 A 38,000 38,000 38 38 - - - -
Soci?t? d'Exploitation des Mines d'Or de Yatela S.A. 4 A 400 400 40 40 - - - -

5,795 5,795 2,540 576

Nature of business
A - Mining
B - Investment holding
C - Software development
D - Stone crusher
E - Market agent
F - Marketing intermediary
G - Health care
* Indicates preference shares
All companies are incorporated in the Republic of South Africa except where otherwise indicated
1 Incorporated in the British Virgin Islands 7 Incorporated in Brazil
2 Incorporated in the Isle of Man 8 Incorporated in Australia
3 Incorporated in Namibia 9 Incorporated in the United Kingdom
4 Incorporated in Mali 10 Incorporated in Malta
5 Incorporated in the United States of America 11 Incorporated in Tanzania
6 Incorporated in Argentina
| Contents |