|
A$ |
| |
Australian dollars
|
|
ABET |
|
|
Adult Basic Education and Training
|
|
Adjusted headline earnings |
|
|
Headline earnings excluding unrealised non-hedge derivatives and
marked-to-market of debt financial instruments
|
|
Adjusted operating profit |
|
|
Operating profit excluding unrealised non-hedge derivatives
|
|
ADS |
|
|
American Depositary Share
|
|
AHR |
|
|
Aurum Health Research, a wholly owned subsidiary of AngloGold that undertakes
research into HIV/AIDS and TB
|
|
AHS |
|
|
AngloGold Health Service, a wholly-owned subsidiary of AngloGold
|
|
AMREF
|
|
|
African Medical and Research Foundation - an independent non-profit,
non-governmental organization whose mission it is to improve the health of
disadvantaged people in Africa as a means for them to escape poverty and improve
the quality of their lives
|
|
ART
|
|
|
Anti-retroviral therapy - treatment regimen for the treatment of HIV/AIDS with
anti-retroviral drugs
|
|
ASERNI |
|
|
Association d'Etude et de Mise en Valeur des Resources Naturelles et des
Institutions
|
|
|
|
|
BEE |
|
|
Black Economic Empowerment, referring specifically to the empowerment of
Historically Disadvantaged South Africans (HDSAs)
|
|
bn |
|
|
Billion
|
|
BSI |
|
|
British Standards International
|
|
By-products |
|
|
Any products that arise from the core process of producing gold, including
silver, uranium and sulphuric acid
|
|
|
|
|
Capex |
|
|
Capital expenditure
|
|
Capital employed |
|
|
Equity plus minority interests, interest-bearing debt, less long-term loans.
Where average capital employed is referred to, this is the average of the
figures at the beginning and the end of the financial year
|
|
Capital expenditure |
|
|
Total capital expenditure on mining assets to both maintain and expand
operations
|
|
Cash operating profit |
|
|
Adjusted operating profit plus amortisation of mining assets
|
|
CBO |
|
|
Community-based organisation
|
|
CC&V |
|
|
Cripple Creek and Victor mine in North America
|
|
CHCBC Centre |
|
|
Carletonville Home and Community Based Care Centre
|
|
CHF |
|
|
Swiss Francs
|
|
CITES |
|
|
The Convention on International Trade in Endangered Species of Wild Fauna and
Flora is an international agreement between governments. Its aim is to ensure
that international trade in species of wild animals and plants does not threaten
their survival. Today, it accords varying degrees of protection to more than
30,000 species of animals and plants, whether they are traded as live specimens,
fur coats, or dried herbs. It was put into force in 1975 and has 150 voluntary
parties
|
|
CLR |
|
|
Carbon Leader Reef
|
|
CMS |
|
|
Survey using specialised equipment assess the extent of historic mining activity
|
|
CREATE |
|
|
Consortium to respond effectively to the AIDS/TB epidemic
|
|
|
|
|
DBIRD |
|
|
Department of Business, Industry and Resource Development (Australia)
|
|
Debt |
|
|
Borrowings including short-term portion
|
|
Decent work |
|
|
Productive work in which rights (specifically those
contained in the ILO Declaration of Fundamental Rights at
Work) are protected, which generates an adequate income,
with adequate social protection. It also means sufficient
work, in the sense that all should have full access to
income-earning opportunities
|
|
Dick Fisher Global Safety Award |
|
|
An internal AngloGold award intended as an incentive for
outstanding safety performance, that recognises both actual
safety performance and well as improvements year-on-year
|
|
Dividend cover |
|
|
Adjusted headline earnings per ordinary share divided by
dividends per ordinary share
|
|
DME |
|
|
Department of Minerals and Energy, South Africa
|
|
DOIR |
|
|
Department of Industry and Resources (Australia)
|
|
DWAF |
|
|
Department of Water Affairs and Forestry (South Africa)
|
|
|
|
|
EBITDA |
|
|
Profit before exceptional items and before net interest,
growth in the Environmental Rehabilitation Trust Fund,
amortisation of mining assets, foreign exchange gain (loss)
on transactions other than sales, unwinding of the
decommissioning obligation, unrealised non-hedge derivatives
and marked-to-market of debt financial instruments
|
|
EDP |
|
|
Executive Development Programme
|
|
Effective tax rate |
|
|
Current and deferred taxation as a percentage of profit on
ordinary activities before taxation
|
|
EIA |
|
|
Environmental Impact Assessment
|
|
EMP |
|
|
Environmental Management Plan
|
|
EMPR |
|
|
Environmental Management Programme Report
|
|
EMS |
|
|
Environmental Management System
|
|
Equity |
|
|
Shareholders? equity adjusted for other comprehensive income
and deferred taxation. Where average equity is referred to,
this is calculated by averaging the figures at the beginning
and the end of the financial year
|
|
|
|
|
FCFA |
|
|
Communaut? Financi?re Africaine Francs
|
|
FIFR |
|
|
Fatal Injury Frequency Rate per million hours worked
|
|
FOGM |
|
|
Fall of ground management system
|
|
Free cash flow |
|
|
Net cash inflow from operating activities less capital
expenditure to maintain operations
|
|
Fundamental Human Rights Conventions of the ILO |
|
|
International Labour Standards covered in the Declaration on
Fundamental Principles and Rights at Work (adopted by the
International Labour Conference at its 86th session, Geneva
1998):
Convention Nr. 29 : Forced Labour, 1930
Convention Nr. 87 : Freedom of Association and Protection of
the Right to Organise, 1948
Convention Nr. 98 : Right to Organise and Collective
Bargaining, 1949
Convention Nr. 100 : Equal Remuneration, 1951
Convention Nr. 105 : Abolition of Forced Labour, 1957
Convention Nr. 111 : Discrimination (Employment and
Occupation), 1958
Convention Nr. 138 : Minimum Age, 1973
Convention Nr. 182 : Worst Forms of Child Labour, 2000
|
|
FWC |
|
|
Functional work capacity
|
|
|
|
|
g |
|
|
Grams
|
|
g/t |
|
|
Grams per tonne
|
|
g/TEC |
|
|
Grams per total employee costed
|
|
GDP |
|
|
Gross domestic product
|
|
Grade |
|
|
The quantity of gold contained within a unit weight of
gold-bearing material generally expressed in ounces per
short ton of ore (oz/t), or grams per metric tonne (g/t)
|
|
Greenhouse gas emissions |
|
|
Gaseous pollutants released into the atmosphere through the
burning of fossil fuels and through other avenues, that
amplify the greenhouse effect. The greenhouse effect is
widely accepted as the cause of global climate change. Gases
include CO2, CH4, N2O, HFCs,
PFCs, SF6, and other CO2 equivalents
|
|
GRI |
|
|
Global Reporting Initiative
|
|
|
|
|
HAART |
|
|
Highly Active Anti-Retroviral Therapy - treatment of
HIV/AIDS with a cocktail of three or more drugs
|
|
Hay system |
|
|
Well known job classification system used at a number of
AngloGold operations
|
|
HDSAs |
|
|
Historically Disadvantaged South Africans which refer to any
persons or communities disadvantaged by unfair discrimination
before the new South African Constitution came into effect
|
|
HPDs |
|
|
Hearing protection devices
|
|
|
|
|
ICMM |
|
|
International Council on Mining and Metals
|
|
IFC |
|
|
International Finance Corporation
|
|
ILO |
|
|
International Labour Organization, a UN agency for the
promotion of social justice and human and labour rights
|
|
IMDP |
|
|
Intermediate Management Development Programme
|
|
INPS |
|
|
Institute Nationale Prevention Soci?t?
|
|
INSS |
|
|
National Social Security Institute (Brazil)
|
|
Interest cover |
|
|
EBITDA divided by finance costs
|
|
International Labour Organization |
|
|
The UN specialized agency that seeks the promotion of social
justice and internationally-recognised human and labour
rights. It was founded in 1919
|
|
ISO |
|
|
International Standards Organisation
|
|
ISSI |
|
|
Subsidiary for AngloGold that develops and implements
seismic monitoring management systems
|
|
|
|
|
kg |
|
|
Kilograms
|
|
King Report |
|
|
The King Committee on Corporate Governance in South Africa
was formed in 1992 (under the auspices of the Institute of
Directors in Southern Africa and chaired by Mervyn King) to
promote the highest standards of corporate governance in
South Africa. Corporate Governance in South Africa was
institutionalized by the publication of the King Report on
Corporate Governance in 1994, and more recently by the
release of an updated version (?King 2?) in 2002. The King
Report is recognized internationally by many as the most
comprehensive publication on the subject, embracing the
?inclusive? or ?stakeholder? approach to corporate
governance. The King Report features a Code of Corporate
Practices and Conduct, which the Johannesburg Stock Exchange
stipulates all listed companies must follow. GRI is
referenced in this code
|
|
KPA |
|
|
Key performance area
|
|
KPI |
|
|
Key performance indicator
|
|
|
|
|
LIBOR |
|
|
London interbank offer rate
|
|
Life-of-mine (LOM) |
|
|
Number of years that the operation is planning to mine and
treat ore, and is taken from the current mine plan
|
|
LOM |
|
|
Life-of-mine
|
|
LSHTM |
|
|
London School of Hygiene and Tropical Medicine
|
|
LTIFR |
|
|
Lost Time Injury Frequency Rate per million hours worked
Note that AngloGold utilises the strictest definition in
reporting Lost Time Injuries in that it includes all
Disabling Injuries (where an individual is unable to return
to his place of regular work the next calendar day after the
injury) and Restricted Work Cases (where the individual may
be at work, but unable to perform full or regular duties on
the next calendar day after the injury) within this
definition
|
|
|
|
|
m |
|
|
Metre or million, depending on the context
|
|
m2/TEC |
|
|
Square metres per total employee costed
|
|
MAED |
|
|
AngloGold's Medically Affected Employees' Policy
|
|
Market capitalisation |
|
|
Number of ordinary shares in issue at close of business on
31 December multiplied by the closing share price as quoted
on the JSE Securities Exchange South Africa
|
|
Masufunde Fund |
|
|
(means ?Let us learn? in Zulu and Xhosa) - A Fund established by
AngloGold in 1999 to fund the education for the children of
those who have died in mine-related accidents on the South
African operations
|
|
MBA |
|
|
Masters in Business Administration, a post-graduate
qualification
|
|
MBOD |
|
|
Medical Bureau for Occupational Diseases
|
|
MDP |
|
|
Management Development Programme
|
|
Mine Health and Safety Council (South Africa) |
|
|
A tri-partite body comprising government, labour and
business
|
|
Mineral resource |
|
|
A mineral resource is a concentration or occurrence of
material of economic interest in or on the earth?s crust in
such form, quality and quantity that there are reasonable
and realistic prospects for eventual economic extraction.
The location, quantity, grade, continuity and other
geological characteristics of a mineral resource are known,
estimated from specific geological evidence and knowledge,
or interpreted from a well-constrained and portrayed
geological model. Mineral resources are sub-divided, in
order of increasing geological confidence, into Inferred,
Indicated and Measured categories. The mineral resources are
inclusive of those resources which have been modified to
produce ore reserves
|
|
Mining Charter or the Charter |
|
|
Broad-based Socio-Economic Empowerment Charter
|
|
MMV |
|
|
Medicines for Malaria Venture
|
|
Moz |
|
|
Million ounces
|
|
MQA |
|
|
Mine Qualifications Authority
|
|
MSHA |
|
|
Mines Safety and Health Act (North America)
|
|
Mt |
|
|
Million tonnes or tons
|
|
Mtpa |
|
|
Million tonnes/tons per annum
|
|
MUN |
|
|
Mineworkers Union of Namibia
|
|
|
|
|
N$ |
|
|
Namibian dollars
|
|
Net debt |
|
|
Debt less cash and cash equivalents
|
|
Net operating assets |
|
|
Mining assets, inventories, trade and other receivables,
less trade and other payables
|
|
NGO |
|
|
Non-governmental organization
|
|
NIHL |
|
|
Noise-induced hearing loss
|
|
NIMR (Tanzania) |
|
|
National Institute of Medical Research
|
|
NOSA |
|
|
The National Occupational Safety Association that provides
auditing and certification services
|
|
NUM |
|
|
National Union of Mineworkers (South Africa)
|
|
|
|
|
ODMWA |
|
|
Occupational Diseases in Mines and Works Act of 1973 (South
Africa)
|
|
OLD |
|
|
Occupational lung disease
|
|
Operating margin % |
|
|
Adjusted operating profit as a percentage of gold income
including realised non-hedge derivatives
|
|
Ore reserves |
|
|
An ore reserve is the economically mineable material derived
from a measured and/or indicated mineral resource. It is
inclusive of diluting materials and allows for losses that
may occur when the material is mined. Appropriate
assessments have been carried out, including consideration
of, and modification by, realistically assumed mining,
metallurgical, economic, marketing, legal, environmental,
social and governmental factors. These assessments
demonstrate at the time of reporting that extraction is
reasonably justified. Ore reserves are sub-divided in order
of increasing confidence into probable ore reserves and
proved ore reserves
|
|
Ounces (oz) (troy) |
|
|
Used in imperial statistics. A kilogram is equal to 32.1507
ounces
|
|
oz |
|
|
Ounces (troy)
|
|
oz/t |
|
|
Ounces per ton
|
|
|
|
|
Price received ($/oz and R/kg) |
|
|
Attributable gold income including realised non-hedge
derivatives divided by attributable ounces/kilograms sold
|
|
|
|
|
R or ZAR |
|
|
South African rands
|
|
RAP |
|
|
Resettlement Action Plan
|
|
RBM |
|
|
Roll Back Malaria campaign
|
|
Region |
|
|
Defines the operational management divisions within
AngloGold and these are South Africa, East and West Africa,
Australia, North America and South America
|
|
Rehabilitation |
|
|
The process of restoring mined land to allow an appropriate
post-mining use. Rehabilitation standards are determined
amongst others by the South African Department of Minerals
and Energy, the US Bureau of Land Management, the US
Environmental Protection Agency, and the Australian Minerals
Industry Code for Environmental Management, and address
ground and surface water, topsoil, final slope gradient,
waste handling and re-vegetation issues
|
|
Return on capital |
|
|
Adjusted headline earnings before finance costs expressed as
a percentage of average capital employed, adjusted for the
timing of acquisitions and disposals
|
|
Return on equity |
|
|
Adjusted headline earnings expressed as a percentage of the
average equity, adjusted for the timing of acquisitions and
disposals
|
|
RIFR |
|
|
Reportable Injury Frequency Rate per million hours worked
|
|
Rockburst |
|
|
A seismic release of energy, similar to an earthquake, that
results on obvious damage to mining excavations
|
|
RPL |
|
|
Recognition of prior learning
|
|
|
|
|
SACU |
|
|
South African Customs Union
|
|
SAQA |
|
|
South African Qualifications Authority
|
|
SETA
|
|
|
Sector Education Training Authorities
|
|
SIMRAC |
|
|
Safety in Mines Research Advisory Council
|
|
SMAT |
|
|
Safety Management Auditing Technique
|
|
SMEDI |
|
|
Small and Medium Enterprise Initiative
|
|
SRH |
|
|
Sexual and reproductive health
|
|
STI |
|
|
Sexually Transmitted Infection
|
|
STOP |
|
|
Safety Training and Observation Programme
|
|
|
|
|
t |
|
|
Tons (short) or tonnes (metric)
|
|
TB |
|
|
Tuberculosis
|
|
TEBA |
|
|
The Employment Bureau of Africa. An institution owned by the
South African mining industry, through which the industry
has historically recruited labour but which now fulfills a
broader social role in addition to its recruitment function
|
|
Total cash costs |
|
|
Total cash costs include site costs for all mining,
processing and administration, as well as contributions from
by-products and are inclusive of royalties and production
taxes. Amortisation, rehabilitation, corporate
administration, retrenchment, capital and exploration costs
are excluded. Total cash costs per ounce is the attributable
total cash costs divided by the attributable ounces of gold
produced
|
|
Total production costs |
|
|
Total cash costs including amortisation, retrenchment,
rehabilitation and other non-cash costs. Corporate
administration, capital and exploration costs are excluded.
Total production costs per ounce is the attributable total
production costs divided by the attributable ounces of gold
produced
|
|
tpa |
|
|
Tonnes per annum
|
|
tpd |
|
|
Tonnes per day
|
|
tpm |
|
|
Tonnes per month
|
|
TSI |
|
|
Tshikululu Social Investments - managers of the AngloGold
Fund
|
|
|
|
|
UNDP |
|
|
United Nations Development Programme
|
|
Unicef |
|
|
United Nations Children's Fund
|
|
US$ or $ |
|
|
United States dollars
|
|
VCR |
|
|
Ventersdorp Contact Reef
|
|
VCT |
|
|
Voluntary Counselling and Treatment
|
|
Weighted average number of ordinary shares in
issue |
|
|
The number of ordinary shares in issue at the beginning of
the year, increased by shares issued during the year,
weighted on a time basis for the period during which they
have participated in the income of the group. Ordinary
shares were sub-divided at close of business on 24 December
2002 on a 2:1 basis. All references to ordinary shares, and
related calculations have been restated to take cognisance
of this sub-division
|
|
WHO |
|
|
World Health Organization
|
|
WRAC |
|
|
Workplace Risk Assessment and Control
|
|
