(UPDATED 2023) Welcome to my AngloGold Ashanti Review.
If you are wondering what this company about and whether it is legit or a scam, then you are in the right place to look for answers.
This AngloGold Ashanti Review will tell you all about the company and all the important information regarding it.
Without further ado, let's get started.
AngloGold Ashanti Review Quick Summary
Name: AngloGold Ashanti
CEO: Alberto Calderon
What is AngloGold Ashanti?
AngloGold Ashanti is a well-known exploration and global gold mining company based in Johannesburg, South Africa.
The company's portfolio is comprised of various lucrative mining projects and other ongoing projects in 4 continents.
Furthermore, the company exercises its dominance in the market through working its way across the full mining value chain.
AngloGold Ashanti 6 main management values are Safety, Respect, Integrity, Sustainability, Excellence and Collaboration. All of these are considered very important and vital when it comes to deciding how it carries out its activities and projects.
Furthermore, these values serve as a guide on how AngloGold Ashanti interact with the environment, employees, neighbors and stakeholders.
Currently, AngloGold Ashanti operates across 9 countries on 4 continents, namely:
- South Africa
- United States of America,
- The Democratic Republic of Congo
Each site of these nations has over 60,000 employees. Currently, the company is known to be the 3rd largest gold mining company globally, in terms of production.
AngloGold Ashanti History
AngloGold Limited was established in June 1998 through the consolidation of the gold interests of the British multinational mining company, Anglo American.
By August of 1998, AngloGold was the very first South African company that was listed in the New York Stock Exchange.
In 2004, the company that is known now as AngloGold Ashanti was the product of the partnership between AngloGold Limited and Ashanti Goldfields Company Limited.
Since then, AngloGold Ashanti developed to be one of the biggest gold mining companies in the world.
Currently, it is still an independent gold producer that has no dominant investor and diverse shareholders, including the largest financial institutions and companies around the world.
AngloGold Ashanti Company Management
Currently, AngloGold Ashanti operates under the management of its CEO, Alberto Calderon, who was appointed in September, 2021. He has an extensive experience in the mining, petroleum and energy sectors.
Furthermore, Alberto served as the CEO of Orica, which is the biggest mining explosives in the world. Other than that, he was also the CEO of Cerrejon Coal Company and BHP Group Plc.
AngloGold Ashanti Products
AngloGold Ashanti mainly focuses on exploring and mining for gold, which is what it is widely known for. In fact, the company is the world's third largest producer of gold.
In 2009, AngloGold Ashanti mined a total of 4.6 million ounces of gold.
Currently, the company is listed on New York, London, Johannesburg, Australian and Accra stock exchanges, as well as in Paris and Brussels bourses.
AngloGold Ashanti ESG Credibility
In terms of corporate companies, ESG stands for Environmental, Social and Governance. It refers to a set of standards that companies use to consider environmental, social and corporate governance in their operations.
AngloGold Ashanti, being in the gold mining industry, always takes ESG seriously. Currently, its ESG credibility includes the Bloomberg Gender Equality Index, Responsible Mining Index, S&P Global and FTSE4Good.
Below, you can see AngloGold Ashanti's summary on its ESG performance in 2022.
How does it work?
All of the company's activities are summarized through an overview of its asset portfolios. In December 2018, AngloGold Ashanti's portfolio already consisted of 14 operations in 9 nations, across 4 continents.
The company oversees these operations which cover relatively low-cost and long-life assets, having various orebody types.
These are all attributed to the operations because of the fact that they are located in major gold-producing regions in the world.
The company's assets were supported by three key greenfields, Quebradona, La Colosa and Gramalote. Moreover, they are situated in a tenth country and are mainly focused on the predetermined global exploration program.
In an effort to make the operations simpler, AngloGold Ashanti split them up into regions: Australasia, Americas, South Africa and Continental Africa.
In other words, the company manages its assets that support the exploration and mining of silver, uranium oxide and of course, gold.
AngloGold Ashanti Pros and Cons
Is AngloGold Ashanti a scam?
AngloGold Ashanti is a legit and genuine company that was formed after the merging of AngloGold Limited and Ashanti Goldfields Company Limited in 2004.
The company really takes its activities and programs seriously and aims for sustainability. Moreover, it is considered as the world's 3rd largest gold-producing company.
If it was a scam, do you think it would be recognized with that title? I don't think so.
Thank you so much for reading my AngloGold Ashanti Review! If you have any comments or questions, feel free to leave them in the comments section below!