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22-564: The obuasi gold mine began in 1897 which was originally known as the Obuasi mine , then later it was renamed AngloGold Ashanti Ghana Limited in 2004. In 2008, AngloGold Ashanti 's Ashantiland operations, consisting of Obuasi and the Iduapriem Gold Mine , contributed 11% to the company's annual production. At its temporary closure in 2014 Obuasi had past gold production plus current resource of 62 million troy ounces . There

44-719: Is Australia's biggest producing gold mine. A large open-cut mining operation, it commenced in 1987 and ceased mining on 30 November 2001 after the known oxide ore resource had been processed. Partly owned by Normandy Mining (44.44%), Acacia Resources (33.33%) and Newcrest Mining (22.23%), the Normandy share was acquired by Newmont when it took over the company in 2002, while AngloGold took over Acacia. In 2005, Newcrest sold its interest in Boddington for A$ 225 million, also to Newmont Mining . A bedrock resource of almost 20 million troy ounces (620 million grams)

66-839: Is a gold and copper mine located 13 kilometres (8.1 mi) northwest of Boddington, Western Australia . Officially reopened on 3 February 2010, the mine has now become Australia's largest gold mine, eclipsing the Super Pit . In the 2018 financial year, Boddington gold mine produced 709 thousand troy ounces (22.1 tonnes) of gold and 77 million pounds (35 thousand tonnes) of copper. Reserves at 31 December 2018 were reported as 12.4 million troy ounces (390 tonnes) of gold and 1,250 million pounds (570 thousand tonnes) of copper. At 2018 production rates, this equates to reserves for 17.5 years of gold production and 16.2 years of copper production. That is, until 27 June 2036 and 26 March 2035 respectively. As of 2022, Boddington

88-567: Is a long history of mining in the area, with mining from the Ashanti region providing the gold for which the Gold Coast got its name. Large scale commercial and industrial mining began at Obuasi in 1897 with the formation of Ashanti Goldfields Corporation . In 2004, Ashanti Goldfields merged with AngloGold to form AngloGold Ashanti. Following significant losses, mining activities were halted in late 2014, with over 5,000 employees laid off and

110-557: Is a signatory participant of the Voluntary Principles on Security and Human Rights . In August 2008 British charity War on Want published a report accusing Anglo American (who at the time owned 17% of AngloGold Ashanti) of profiting from the abuse of people in the developing countries in which the company operates. The company disclosed itself in 2006 or in 2008 for unacceptable safety performance in its platinum mines. Safety measures were taken. Additionally, in 2005

132-546: Is expected to be fully operational in 2022. Production figures of the recent past were: AngloGold Ashanti AngloGold Ashanti Limited is an independent and global gold mining company with a diverse portfolio of cooperation, projects, and exploration activities, formed in 2004 by the merger of AngloGold and the Ashanti Goldfields Corporation . As of 2022, it was a global gold producer with 21 operations on four continents, listed on

154-607: The Cauca region. Financial figures for the company: Gold production figures for the company's mines since 2004 in ounces per annum were AngloGold Ashanti reported Total CO2e emissions (Direct + Indirect) for 31 December 2019 at 2,570 Kt (-1/ y-o-y). Fatalities in the South African gold mining industry, especially the underground mines, are common. As of 2009, 100 to 120 were reported every year. This did represent an improvement since 2007: AngloGold Ashanti has reduced

176-697: The New York , Johannesburg , Accra , London and Australian stock exchanges, as well as the Paris and Brussels bourses, and left the Johannesburg exchange in 2023. As of May 2023, it was the world’s fourth-largest gold miner, with assets in Ghana , Australia, the US , and Argentina . AngloGold Ashanti has a history of gross human rights violations and causing grave environmental problems for which it won one of

198-817: The Northern Territory of Australia in August 2004, followed by the sale of the Freda-Rebecca Gold Mine in Zimbabwe a month later. In late 2007, Mark Cutifani replaced Bobby Godsell as CEO of AngloGold Ashanti, being appointed a director of the company on 17 September 2007 and as CEO on 1 October that year. Alberto Calderon , Chief Executive Officer and Executive Director of AngloGold Ashanti. Appointed on ( September 1, 2021-) In 2008, AngloGold produced 4.98 million ounces of gold from its operations, estimated to be seven percent of

220-793: The Public Eye Awards . AngloGold Ashanti was formed on 26 April 2004, after the High Court of Ghana approved the merger of AngloGold and the Ashanti Goldfields Corporation three days earlier. AngloGold had been a gold mining company based in South Africa, majority-owned by the Anglo American group. This came almost a year after the merger was announced on 16 May 2003. In the transaction, Ashanti shareholders received 0.29 ordinary shares of AngloGold for every Ashanti share. The new company sold its Union Reef Gold Mine in

242-477: The "most irresponsible company". The nominating organisation, WACAM (Wassa Association of Communities Affected by Mining), said the company had a history of "gross human rights violations and environmental problems." Colombia's Truth Commission found AngloGold Ashanti responsible for financing paramilitary groups that murdered peasants and community leaders. The same company has been accused of destroying water sources and forcibly displacing thousands of people in

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264-551: The global production. In 2009, the company's gold output dropped to 4.6 million ounces. As of early 2008, the company had hedged 11.3 million ounces of gold, under previous CEO Bobby Godsell. In January 2009, AngloGold Ashanti sold its 33% stake in the Boddington Gold Mine in Australia to Newmont Mining for US$ 1.0 billion. In February 2009, the company's Tau Lekoa Gold Mine in South Africa

286-606: The mine and thus became sole owner. Now fully owned by Newmont Goldcorp , the mine reopened in 2009 after a major expansion project that increased the throughput to become Australia's largest gold mine. In 2005, EPCM contract was awarded to Clough . In 2006, the EPCM contract was awarded to Aker Kvaerner . In 2010, ThyssenKrupp Robins had set up the High Pressure Grinding Rolls using the drive system provided by ABB . The Environmental impact statement for

308-677: The mine placed in care and maintenance. During this time a large security force remained on site due to heavy pressure from local illegal miners. In 2016 an Obuasi employee was killed by a mob of illegal miners. In 2018, after approvals were received from the Ghanaian Government, the decision was taken to recapitalize the Obuasi gold mine, with work beginning in 2019. The newly mechanized mine commenced commercial production on October 1, 2020, with its first gold pour in December 2019. It

330-600: The most recent expansion in 2013 was developed by Strategen Environmental Consultants . Macmohan was assigned for the gold mining operations. The official startup was on 23 July 2009, with the mine estimated at the time to have a 20-year life producing more than 1 million troy ounces (31 million grams) of gold per year. The official opening of the mine was on 3 February 2010, conducted by Western Australian Premier Colin Barnett . Newmont Mining's first 1 million troy ounces (31 million grams) at Boddington

352-435: The number of fatalities in its operations by 70%. One of the main reasons for this development was a program led by CEO Mark Cutifani aimed at reducing the company's number of fatalities to zero by 2015. Of the 16 fatalities experienced by the company in 2009, 13 were in South Africa (2007: 27 of 34, 2008: 11 of 14). Statistics company fatalities since 2004 founding: Boddington Gold Mine The Boddington gold mine

374-596: The resignation of Kelvin Dushnisky . There has been speculation that Dushnisky stepped down after shareholders questioned a bonus payment he received from his prior employer Barrick Gold while also taking a signing bonus from AngloGold Ashanti when he was appointed CEO in 2018. As of May 2023, AngloGold Ashanti was the world’s fourth-largest gold miner with assets in Ghana, Australia, the US, and Argentina. AngloGold Ashanti

396-874: The staff of the AGA exploration team in Ituri made a US$ 8,000 payment to the FNI, which had been accused of committing various humans rights abuses. In January 2011, AngloGold Ashanti was awarded the Public Eye Global Award at the Public Eye Awards hosted with Greenpeace in Davos, Switzerland by the Erklärung von Bern , known in English as the Berne Convention. The award has been interpreted as being for

418-463: Was claimed to be the 'most sophisticated and technologically advanced' mining operations with strict adherence to safety regulations. In 2020, it sold its last South African mining assets to Harmony Gold for about R 4.4 billion. It no longer has any operations left in South Africa but remains listed on the JSE. On 1 September 2020, Chief Financial Officer Christine Ramon became interim CEO following

440-479: Was identified and expansion of the facility to allow mining and processing of basement rock was approved in 2002. Construction on the expansion project began in May 2006. At the time it was projected that once the mine achieves full nameplate throughput it would become Australia's largest gold mine . On 29 January 2009, Newmont announced that it had raised $ 1.5 billion to acquire AngloGold 's ownership position of 33% in

462-478: Was paid off with US$ 2.63 billion, or US$ 1,300 USD per ounce of gold. In 2011, AngloGold Ashanti moved into Eritrea to explore the Arabian-Nubian Shield for gold through a 50/50 joint venture set up in 2009 with Thani Dubai Mining. As of the third quarter of 2014, Anglogold was the world's third-largest producer of gold, behind Barrick Gold and Newmont Mining . As of 2019, the company

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484-527: Was sold to Buffelsfontein Gold Mines Limited with ownership being transferred on 1 August 2010. In May 2010, Russell Edey, chairman of AngloGold since 2002 and, after the merger also of AngloGold Ashanti, was replaced by Tito Mboweni . In October 2010, the company announced the elimination of the last of its hedge book. Under its new CEO, it gradually reduced the hedge to 3.22 million ounces of gold. In October 2010, this remaining amount

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