Anglogold Ashanti Ltd.

Anglogold Ashanti Ltd.

Anglogold Ashanti Ltd.

Overview
Date Founded

1944

Headquarters

76 Rahima Moosa Street,Newtown,Johannesburg, Gauteng 2001

Type of Company

Public

Employees (Worldwide)

52.3K

Industries

Non-Energy Mining & Minerals
Metal Manufacturing & Products

Company Description

AngloGold Ashanti, one of the world’s foremost gold exploration, mining and marketing companies, holds a portfolio of operations and projects on four continents, and has a worldwide exploration programme. We work across the full spectrum of the mining value chain, and are concerned with the impact of our activities on the diverse communities and environments in which we operate. Headquartered in Johannesburg, South Africa, AngloGold Ashanti has 21 operations in 10 countries. Major development projects are Tropicana located in Australia, Kibali in the Democratic Republic of the Congo (DRC) and La Colosa in Colombia. Our extensive brownfield, greenfield and marine exploration programmes extend to 12 countries, in both established and new gold-producing regions through managed and nonmanaged joint ventures, strategic alliances and wholly owned ground holdings. We have an interest in Rand Refinery in South Africa, and own and operate the Queiroz refinery in Brazil. The group is managed according to four geographic regions, namely: South Africa, which comprises two mining areas and associated infrastructure – namely West Wits and Vaal River, which together comprise six deep-level mining operations and surface operations. In July 2012, AngloGold Ashanti concluded the acquisition of First Uranium (Pty) Limited, the owner of Mine Waste Solutions, which operates in the Vaal River area of South Africa. Continental Africa, which comprises the operations in Ghana, Guinea, Mali, Namibia and Tanzania, as well as projects in the DRC. Americas, comprising operations in Argentina, Brazil and the USA, as well as projects in Colombia. AngloGold Ashanti concluded the acquisition of the remaining 50% interest in Serra Grande in Brazil during the year. Australasia, which currently focuses on a mine and a project in Australia.

Contact Data
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Executives & Employees

Chief Executive Officer

Chief Executive Officer & Executive Director

Chief Operating Officer & Executive Director

Interim Chief Financial Officer

Deputy Chief Operating Officer

Chief Operating Officer-International

Chief Operating Officer-Africa

Executive Vice President-Group Planning & Technical

Executive Vice President-Corporate Affairs & Sustainability

Board of Directors

Group Chief Executive Officer at FIS Business Integration (UK) Ltd.

Former President, Chief Executive Officer & Director at Potash Corporation of Saskatchewan, Inc.

Former Vice President-Independent Power Group at Salomon Brothers International Ltd.

Head, Special Committee Practice at Lazard Freres & Co. LLC

Former Executive Director at Sibanye UK Ltd.

Member-Global Mining Executive Council at Accenture Plc

Chief Executive Officer & Executive Director at Anglogold Ashanti Ltd.

Chief Executive Officer & Director at Rapid African Energy Holding

Former Deputy Director General at Department of Mineral Resources (South Africa)

Independent Non-Executive Director at Anglogold Ashanti Ltd.

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Owners & Shareholders
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PIC’s investment strategy is designed to take into consideration a long-term view of the macro environment. Their main investment objectives are to achieve strong long-term capital returns above clients’ benchmarks. The firm’s strategy includes building a portfolio around our clients’ requirements, diversified by sector, geography, duration and size. The PIC follows a robust investment strategy that stems from its investment philosophy across all asset classes. PIC primarily invests in pension, provident, social security and guardian funds, diversified across listed equities, capital markets, money markets, real estate and the Isibiya Fund. They invest in directly held, unlisted and listed real estate. Investments include retail malls, convention centers and hotels, in addition to rural and urban townships and airports in South Africa. Their investments focus on development management, property finance and asset management.

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Van Eck is a global investment manager that offers value-added exposures to emerging industries, asset classes and markets as well as differentiated approaches to traditional strategies. The firm employs a top-down approach to identify attractive potential markets and sectors and then conducts bottom-up analysis of individual stocks. Their portfolios are benchmarked against indices based on the portfolio's investment types and geographic focus and client preferences.

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Old Mutual South Africa is an active manager which allocates assets between different asset classes including equities, bonds, real estate, cash and alternative assets. Their geographic focus is both local and international. The firm aims to achieve long-term investment returns and provide inflation beating returns for policyholders in accordance with their risk/return profile. Assets are selected by asset managers investing in accordance with a mandate provided by Old Mutual South Africa, which specifies asset allocation limits.

Recent Transactions
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Anglogold Ashanti Ltd., Anglogold Ashanti Australia Ltd. purchase Mustang Energy Plc

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Allied Gold Corp., Allied Resources Ltd. - United Arab Emirates purchase Société d'Exploitation des Mines d'Or de Sadiola SA from Anglogold Ashanti Ltd.

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Firefinch Ltd. purchases Societe des Mines de Morila SA from Anglogold Ashanti Ltd., Barrick Gold Corp.

Transaction Advisors
Legal Advisor

Advised onBarrick Gold (Holdings) Ltd. purchases Moto Goldmines Australia Pty Ltd.

Legal Advisor

Advised onHeaven-Sent Capital Management Group Co., Ltd., Village Main Reef Ltd. purchase Anglogold Ashanti Ltd. /Kopanang Mine from Anglogold Ashanti Ltd.

Legal Advisor

Advised onAnglogold Ashanti Ltd. issued USD American Depositary Shares (ADS)

Legal Advisor

Advised onAnglogold Ashanti Ltd. issued USD American Depositary Shares (ADS)

Associate

Advised onNewmont Corp. purchases Anglogold Ashanti Ltd. /Cripple Creek & Victor Gold Ops from Anglogold Ashanti Ltd.

Associate

Advised onAnglogold Ashanti Ltd. issued USD American Depositary Shares (ADS)

Advisors & Consultants
Advisor

Member-Global Mining Executive Council at Accenture Plc

Advisor

Co-Head for Americas, Global Industrials Group at Credit Suisse Group AG

Legal Advisor

Partner at Davis Polk & Wardwell LLP

Clients

Franco-Nevada Corporation is the leading gold royalty and stream company by both gold revenues and number of gold assets. The Company trades under the symbol FNV on both the Toronto and New York stock exchanges. Franco-Nevada has delivered superior returns to investors through its diversified portfolio of cash-flow producing assets and interests in some of the largest new gold development and exploration projects in the world. Franco-Nevada provides yield and more upside than a gold ETF with less risk than an operating gold company. Its business model benefits from rising commodity prices and new discoveries while limiting exposure to operating and capital cost inflation. Franco-Nevada has substantial cash with no debt and is generating growing cash flow that is being used to expand its portfolio and to increase dividends. Management and the Board are significant shareholders and are dedicated to the maximization of Franco-Nevada’s share price.

Rand Refinery Pty Ltd. provides single-site precious metal refining and smelting services. Its products include Krugerrands, minted bars, cast bars, coins and medallions, semi-finished metal product, and custom products development. The company was founded in 1920 and is headquartered in Germiston, South Africa.

Key Stats and Financials As of 2020
Market Capitalization
$9.95B
Total Enterprise Value
$11.1B
Earnings Per Share
$2.68
Enterprise Value / Sales
2.12x
Enterprise Value EBITDAOperating
4.59x
TEVNet Income
9.87x
Debt TEV
0.2x
EBITDAMargin
46.26%
Three Year Compounded Annual Growth Rate Of Revenue
7.94%
Revenue
$5.21B
Net Profit
$1.12B
EBITDA
$2.41B
Total Equity
$3.93B
Total Debt
$2.19B
Investments
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Bye Aerospace, Inc. designs, develops and produces lightweight jet aircraft. It provides complete range of technical services-from design consultation to complex engineering analysis-to provide clear, concise and support for projects ranging from unmanned aerial vehicles. The company was founded in 2007 by George E. Bye and is headquartered in Englewood, CO.

Investors
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Chief Executive Officer at Landis Capital LLC

Suppliers
Capital Ltd. Engineering, Construction & Architecture | Singapore, Singapore

Capital Ltd. is a drilling services company, which engages in the provision of exploration, development, grade control, blast hole, and energy drilling services to mineral exploration and mining companies. It operates through the Africa, and Rest of World segments. The Africa and Rest of World segments offers drilling services, equipment rental, and information technology support services. The company was founded by Brian Rudd and Jamie Armitage in 2004 and is headquartered in Ebene CyberCity, Mauritius.

Aveng Ltd. IT Consulting & Services | Boksburg, South Africa

Aveng Ltd. engages in infrastructure development. The company focuses on originating, developing, structuring and investing in general infrastructure, power and real estate projects in South Africa and selective economies in Sub-Saharan Africa. It operates its business through the following subsidiaries: Aveng Grinaker-LTA, McConnell Dowell, Aveng Manufacturing, Aveng Steel, Aveng Moolmans and Aveng Capital Partners. The Aveng Grinaker-LTA offers multidisciplinary services across the construction and engineering value chain to its clients in South Africa, Mozambique, Mauritius and other selected markets in the rest of Africa. Its services range from building, civil engineering and earthworks, to mechanical and electrical engineering. The McConnell Dowell is a major engineering, construction and maintenance contractor experienced in delivering complex projects in the building, infrastructure and resources industry sectors, with expertise in building, rail, civil, electrical, marine, mechanical pipelines, fabrication, tunneling and underground services. The Aveng Steel supplies a wide range of products to the domestic and export markets in the steel construction and automotive industries from its steel yards, processing centers and manufacturing plants. The Aveng Manufacturing manufactures and supplies construction products to the construction sector, services and engineered solutions to mining, water, oil and gas and construction clients, and rail construction and maintenance services to the transport sector. The Aveng Capital Partners is the investment and structured financing arm of Aveng. The company was founded in 1944 and is headquartered in Boksburg, South Africa.

Unicorn Capital Partners Ltd. Coal | Sandton, South Africa

Sentula Mining Limited has been listed on the Main Board of the JSE since 1993. The Company is actively involved in opencast mining, exploration drilling and rehabilitation and is one of the major suppliers of outsourced mining services in the South African coal mining industry. Sentula has grown to become a leading mining services provider currently with operations in 10 African countries. The Company’s foothold in the coal and energy sector, coupled with its diversified service offering, client base, mineral exposure and geographical spread, have stood it in good stead during recent challenging economic conditions.

Competitors
Freeport-McMoRan, Inc. Non-Energy Mining & Minerals - Phoenix, AZ

Freeport-McMoRan, Inc. engages in the mining of copper, gold and molybdenum. It operates through the following segments: North America Copper Mines, South America Mining; Indonesia Mining, Molybdenum Mines, Rod and Refining, Atlantic Copper Smelting and Refining and Corporate, Other and Eliminations. The North America Copper Mines segment operates open-pit copper mines in Morenci, Bagdad, Safford, Sierrita and Miami in Arizona and Chino and Tyrone in New Mexico. The South America Mining segment includes Cerro Verde in Peru and El Abra in Chile. The Indonesia Mining segment handles the operations of Grasberg minerals district that produces copper concentrate that contains significant quantities of gold and silver. The Molybdenum Mines segment includes the Henderson underground mine and Climax open-pit mine, both in Colorado. The Rod and Refining segment consists of copper conversion facilities located in North America and includes a refinery, rod mills, and a specialty copper products facility. The Atlantic Copper Smelting and Refining segment smelts and refines copper concentrate and markets refined copper and precious metals in slimes. The Corporate, Other and Eliminations segment consists of other mining and eliminations, oil and gas operations and other corporate and elimination items. The company was founded by James R. Moffett on November 10, 1987 and is headquartered in Phoenix, AZ.

Teck Resources Ltd. Non-Energy Mining & Minerals - Vancouver, Canada

Teck is a diversified resource company committed to responsible mining and mineral development with business units focused on copper, steelmaking coal, zinc and energy, and is also a significant producer of specialty metals such as germanium and indium. We are headquartered in Vancouver, Canada. We own, or have an interest in, 13 mines in Canada, the USA, Chile and Peru, as well as one metallurgical complex. We are actively exploring for copper, zinc and gold in the Americas, Asia Pacific, Europe and Africa. We have expertise across a wide range of activities related to mining and minerals processing including exploration, development, smelting, refining, safety, environmental protection, product stewardship, recycling and research

First Quantum Minerals Ltd. Non-Energy Mining & Minerals - Toronto, Can

First Quantum Minerals Ltd. engages in the production, exploration and development of copper, nickel, gold, zinc and acid, and related activities. It operates through the following segments: Kansanshi, Sentinel, Cobre Panama, Las Cruces, Guelb Moghrein, Çayeli, Pyhäsalmi, Ravensthorpe, and Corporate and Other. The Corporate and Other segment deals with the evaluation and acquisition of new mineral properties, regulatory reporting, treasury and finance, and corporate administration. The company was founded by Philip K.R. Pascall, Geoffrey Clive Newall, and Martin R. Rowley on December 21, 1983 and is headquartered in Vancouver, Canada.

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