anglogold | report to society 2003


www.anglogold.co.za

Annual Financial Statements 2003

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Economic performance

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Annual financial statements

Community

Milestones - 2003

•	The adoption by the board sub-committee on Safety, Health and Sustainable Development of the AngloGold business principles as the basis for AngloGold?s social investment philosophy.
•	The appointment of a Social Development Manager for the group as a whole.

Social investment spending per region

	2003
Australia	A$106,150
East and West Africa	US$530,923
North America	US$137,186
South Africa	R20,140,000
South America	US$838,900

Australia

•	Recognition Award in Resource Development for Community Relations from the Northern Territory government for the provision of training, employment and other practical support to communities which has provided opportunities for local people and resulted in greater mutual understanding.
•	AngloGold and its partner, Carey Mining, were recognised at the Best New Sponsor in the State Arts Sponsorship Awards for the partnership with the Art Gallery of Western Australia to provide the newly created position of Indigenous Education Officer.

East and West Africa

•	The establishment of a community association at Morila, as the forerunner to a Community Foundation with the goal of being sustainable after mine closure. The mine has donated US$500,000 to start up the fund.
•	Continued success of the micro-economic development initiatives at Geita, Sadiola and Yatela, where 72, 83 and 20 loans, worth $30,000, $72,000 and $20,571 respectively have been granted to date to viable entrepreneurial and community initiatives.

South Africa

•	The AngloGold Fund contributed some R15.5 million in 2003 to 104 projects across southern Africa.
•	The ongoing contribution to the Business Trust of R10 million in 2003. The Trust is an initiative of 145 South African companies whose primary focus is job creation and capacity building programmes. Its strategy is to focus on tourism for job creation and schooling for capacity building and this is underpinned by support for programmes that address critical impediments, for example crime, combating malaria and stimulating the tourism sector.
•	The involvement of AngloGold?s Small and Medium Enterprise Development Initiative (SMEDI), since its formation in 1998, in the setting up of small businesses with an accumulated turnover of more than R500 million, and the creation of jobs for some 3,000 people.

North America

•	The Pikes Peak Regional Medical Centre obtained a grant of US$600,000 for the centre, following a seed donation from AngloGold.
•	Ongoing volunteerism programme ? some 4,884 hours were sponsored by the company and provided by employees towards social and community development initiatives.

South America

•	Social investment spending in South America went from strength to strength during 2003 with a total of US$977,720 going toward community based, educational, health, environmental and sporting initiatives in the communities around the operations.

Business principle:

AngloGold in the community

Milestones - 2003

	Structure and governance
	Impact on people, cultures and communities
	Involvement of communities
	Social investment initiatives
	Participatory and leadership roles
	Working with communities on land and resettlement
	Contribute to sustainable economic development of host communities

Reporting in line
with GRI

Objectives for 2004

	South Africa
	East and West Africa
	South America
	Australia
	North America
	Exploration