Economic performance

Key developments

Continued restructuring to focus on new company strategy.
New company vision, mission and values developed.
Business improvement project launched.
Conclusion of rights issue, reduction in hedge book and successful bond refinancing.
Energy efficiency measures mitigate impact of electricity crisis at the South African operations.
Gold production of 4.98 million ounces.
Financial markets have a negative impact on company’s share price performance, affecting shareholders and employee shareholders.
Rising input costs have significant effect on total cash costs across the industry, mitigated to some extent by the fall of the South African rand, the Brazilian real and the Argentinian peso against the US dollar.
Significant payments to government, reported in line with the guidelines of the Extractive Industries Transparency Initiative (EITI).

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ANGLOGOLD ASHANTI Report to Society 2008