AngloGold Ashanti and the Extractive Industries Transparency Initiative (EITI)

The Extractive Industries Transparency Initiative (EITI) was launched by the then-UK Prime Minister, Tony Blair, at the World Summit on Sustainable Development in Johannesburg, South Africa, in September 2002. The initiative is a partnership of governments, international organisations, companies, NGOs, investors and business and industrial organisations. Its aim is to increase transparency in transactions between governments and companies in the extractive industries. This transparency will in turn improve public awareness of the revenues from these industries, thus increasing the likelihood that they will contribute to sustainable development and poverty reduction. AngloGold Ashanti has been an active supporter of the initiative since its inception, both via the company’s membership of the ICMM and individual corporate action. AngloGold Ashanti formally became an organisational supporter of the EITI in 2006. AngloGold Ashanti’s status as a supporter company can be viewed here on the EITI's website. AngloGold Ashanti also has a validation letter regarding its commitment to the EITI, which is available for download below. As a matter of principle AngloGold Ashanti has established a practice of disclosing all payments made to governments in its annual Sustainability Review, regardless of whether the country is a formal supporter of the EITI. In countries where governments have indicated a desire to be a part of the process, AngloGold Ashanti is actively involved in contributing to the success of the initiative. These countries include Ghana, Guinea, Mali and the Democratic Republic of the Congo. Accountability for the EITI Final accountability for the company’s support for and relationship with the EITI is ultimately that of Thero Setiloane, Executive Vice President – Business Sustainability (telephone +27 11 637 6284), and the appointed lead contact person responsible for communication of the company’s EITI policy, action in support of EITI, and responding to queries from EITI stakeholders is Yedwa Simelane, Senior Vice President – Corporate Affairs (telephone +27 11 637 6807). They may both be reached at: AngloGold Ashanti Business Sustainability Department 76 Jeppe Street Newtown Johannesburg South Africa Telephone: +27 11 637 6000 AngloGold Ashanti reports comprehensively on sustainability issues on an annual basis in the form of its Sustainability Review and country reports. The company’s express support for the EITI is mentioned in a number of places AngloGold Ashanti’s most recent Sustainability Review, which can be found here.

EITI Validation Letter  [34 KB]

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