South America

Launch podcast Ron Largent, Executive Vice President – Americas, discusses AngloGold Ashanti’s operations in the Americas

Please read the cautionary statement regarding forward-looking statements before listening to this podcast.

 
South America South America South America
Contribution to group production South America

AngloGold Ashanti has three operations in South America - Cerro Vanguardia in Argentina, and AngloGold Ashanti Brasil Mineração (Brasil Mineração) and Serra Grande in Brazil. Combined, these operations produced 598,000oz of gold in 2009, equivalent to 13% of group production and 6% more than in 2008. They employed 5,322 people, including contractors, which was 155 more than in 2008. Total attributable capital expenditure for the region was $134m, an increase of 29% on the $104m spent in 2008. The bulk of this was at Brasil Mineração.

Mineral Resource in South America attributable to AngloGold Ashanti, including Colombia greenfields Mineral Resource, totalled 29Moz at year-end, and attributable Ore Reserve, 4.4Moz.

In addition, AngloGold Ashanti has had an active exploration programme in Colombia for some years, with the most favourable of the prospects being in the La Colosa district. The exploration programmes in Argentina and Brazil were recently expanded. For further details on this, see the Exploration section of this report.

South America – key data

Attributable gold production (000oz)

598,000oz

 
Total cash cost ($/oz)

$353/oz

 
Attributable capital expenditure ($m)

$134m

 
Total number of employees*

5,322

ANGLOGOLD ASHANTI Annual Financial Statements 2009