Continental Africa

Launch podcast Richard Duffy, Executive Vice President – Continental Africa, discusses AngloGold Ashanti’s operations in Continental Africa

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

 

AngloGold Ashanti has seven mining operations in its Continental Africa region:

Continental Africa

Combined production from these operations declined by 3% to 1.52Moz of gold in 2009, equivalent to 33% of group production. In all, they employed 14,689 people, including contractors, 473 less than in 2008. Total attributable capital expenditure for the region was $178m, a decrease of 29% on the $250m spent in 2008. The bulk of this was spent at the Ghanaian operations, and at Obuasi in particular.

The Mineral Resource in Continental Africa, attributable to AngloGold Ashanti, totalled 67.39Moz at year-end, including an attributable Ore Reserve of 26.15Moz.

In addition, AngloGold Ashanti has had an active greenfields exploration programme in the Democratic Republic of the Congo (DRC), with the most promising prospects being the Mongbwalu concession and the Kibali joint venture with Randgold Resources and the DRC government. This is in addition to the brownfields exploration being conducted in and around its existing operations. For further information on the group’s exploration programme in Continental Africa, see the Global Exploration section of this report.

Continental Africa – key data

Contribution to group production
Attributable gold production (000oz)

1.5Moz

 
Total cash costs ($/oz)

$608/oz

 
Attributable capital expenditure ($m)

$178m

 
Total number of employees*

14,689

ANGLOGOLD ASHANTI Annual Financial Statements 2009