AngloGold Ashanti Limited (AngloGold Ashanti) has produced a suite of three complementary reports to communicate with a range of stakeholders on all aspects of its operating and financial performance for the year from 1 January to 31 December 2006. This suite of annual reports comprises:
The stakeholders with which the company seeks to communicate includes shareholders, employees and their representatives, the communities in which AngloGold Ashanti operates, regional and national governments as well as other interested parties. This report, the Annual Financial Statements 2006, presents AngloGold Ashanti’s operating and financial results for the period 1 January 2006 to 31 December 2006. They have been prepared in accordance with International Financial Reporting Standards (IFRS), the South African Companies Act No. 61 of 1973 and the Listings Requirements of the JSE Limited (JSE). The guidelines of the King Report on Corporate Governance, 2002 have also been taken into account in the compilation of both the Annual Financial Statements and the Report to Society 2006. The latter has been produced in line with the Global Reporting Initiative (GRI) and the principles presentedby the International Council of Metals and Mining (ICMM), of which AngloGold Ashanti is a member. The Annual Financial Statements are submitted to the JSE and to the London, New York, Ghana and Australian stock exchanges as well as to the Paris and Brussels bourses. It is also submitted to the US Securities and Exchange Commission (SEC) on Form 6-K.
During the course of the past financial year, there were several changes at an operational level. In South Africa, the group’s new mine, Moab Khotsong, came into commercial production and in Australia, the large-scale, long-life Boddington expansion project was approved against a backdrop of improving gold and commodity prices. The Ghanaian operation, Bibiani, was sold with effect from 1 December 2006. In April 2006, AngloGold Ashanti successfully completed raising equity of $500 million (net of issue expenses) at a tight discount to the market price. The company has launched an employee share ownership plan (ESOP) together with a black economic empowerment (BEE) transaction in South Africa in terms of which 1.9% of AngloGold Ashanti’s share capital (equivalent to around 6% of production of the South African operations) has been transferred to non-managerial employees of the company and a BEE consortium, in line with the requirements of the Broad-based Socio-economic Empowerment Charter for the South African Mining Industry.
The Annual Financial Statements 2006 contains a summary of the group’s Mineral Resources and Ore Reserves in the form of a Supplementary Information report. Mineral Resources and Ore Reserves in both documents are reported in accordance with the South African Code for Reporting of Mineral Reserves and Resources (SAMREC 2000) and the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC 2004). Competent persons in terms of all these codes have prepared, reviewed and confirmed the report of the Mineral Resources and Ore Reserves.
In addition to the Annual Financial Statements 2006, AngloGold Ashanti is preparing an annual report on Form 20-F, in compliance with the rules governing its listing on the New York Stock Exchange and in accordance with the accounting principles generally accepted in the United States. The Form 20-F must be filed with the SEC by no later than 30 June 2007.
All of these AngloGold Ashanti reports and documents are available electronically on the corporate website, www.AngloGoldAshanti.com, or the 2006 Annual Report website, www.aga-reports.com. Printed copies can be requested from the contact persons listed on either the inside back cover of this report or those listed on the website.
AngloGold Ashanti Annual Report 2006 - Annual Financial Statements