Headline earnings decline by 11 per cent to R1.77 billion, mainly as a result of a focus on growing the business and the consequent increase in net interest paid.

Integration of AngloGold Australasia (formerly Acacia Resources) into AngloGold, providing a sound foothold in this key gold-producing region, together with the inclusion of AngloGold in the All Ordinaries Index on the Australian Stock Exchange in January 2000. The AngloGold share is now tradeable around the world for 24 hours a day.

Approval for construction of the Yatela mine in Mali in February 2000 at a capital cost of some $76 million. Production will begin in June 2001.

Acquisition in July 2000 of 25 per cent of OroAfrica, the largest manufacturer of gold jewellery in South Africa, for $8 million (R55 million).

Acquisition in July 2000 of a 40 per cent interest in the Morila mine in Mali for $132 million, with a project finance provision of $36 million. AngloGold manages this operation.

Purchase of a 50 per cent stake in the Geita mine in Tanzania for $205 million, with a project finance provision of $67 million. The mine was officially opened on 3 August 2000. AngloGold has entered into a further strategic alliance with Ashanti Goldfields Limited to seek opportunities for working together in Africa.

Sale of Deelkraal and Elandsrand mines negotiated for R1 billion ($132 million), in line with AngloGold's strategy of concentrating on higher margin, longer-life operations.

Launch of GoldAvenue, an e-commerce gold business.