Economic performance

Introduction

AngloGold Ashanti's business is gold. Its activities range from exploring for and mining the precious metal to processing and beneficiation.

The company is headquartered in Johannesburg, South Africa. It has a global presence with 21 operations located in 10 countries on four continents. In 2005, AngloGold Ashanti employed on average 63,993 people (employees and contractors) at its operations, the majority of whom (66%) were employed at the more labour-intensive South African operations. In many of the regions and countries in which it operates, AngloGold Ashanti's business is an important part of local, regional and national economies – as an employer, a developer of mineral resources, a taxpayer and a corporate citizen.

AngloGold Ashanti is acutely aware of the role that it has, can and should play in the communities and countries in which it operates. The company is committed to a set of values that were developed in consultation with employees. These values are reviewed on an ongoing basis to ensure that they accurately reflect the nature and impact of the business and its economic, social and moral obligations to society. To ensure the practical manifestation of these principles in ordinary business practice, AngloGold Ashanti has further developed a set of business principles covering the major elements of its impact on society.

These business principles relate to:

  • responsible and ethical citizenship;
  • safety and health;
  • labour practices;
  • the environment; and
  • the community.

This report presents the company's annual review of how it has performed against these business principles - whether it has met its objectives and how it plans on meeting its targets in the future.

The Economic Performance section of this report is based on information drawn from the company's Annual Report which is published concurrently with this document. The information in the financial statements has been audited by external auditors, Ernst and Young. Once again the report has been produced in accordance with the Global Reporting Initiative (GRI) guidelines.


Report to Society 2005