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AngloGold Ashanti Ltd. is a gold mining company classified in the basic materials sector, within the gold and silver industry, formed through the merger between AngloGold Limited and Ashanti Goldfields Company Limited.
The creation of AngloGold Ashanti was driven by the objective of forming a company with greater scale, operational efficiency, and diversified geographic presence in a sector characterized by high production costs, price volatility, and strict environmental regulation.
Following the merger, the company began operating in an integrated manner across the entire gold mining chain, from exploration and extraction to processing and commercialization of the metal.
The company’s portfolio consists primarily of gold mining operations, with additional production of by-products such as silver and sulfuric acid in some units. Activities include mineral exploration, underground and open-pit mining, ore processing, and the sale of refined gold to the global market.
With global operations, AngloGold Ashanti maintains activities in countries across Africa, South America, Australia, and North America. In Brazil, the company operates in the states of Minas Gerais and Goiás, with notable units including the Cuiabá Mine and the Córrego do Sítio Mine.
The industry is highly regulated, with strict environmental requirements and operational safety monitoring, and the company competes with major global gold mining corporations such as Newmont Corporation, Barrick Gold, and Gold Fields.
Its operational structure includes production units, processing facilities, and mineral exploration centers distributed worldwide. The company’s administrative headquarters is located in Johannesburg, South Africa, and global activities are managed through a decentralized structure with autonomous local operations.
The company’s shares are trading occurs on the NYSE under the ticker AU.
History and when AngloGold Ashanti Ltd. was created
Founded in 2004 in Johannesburg, South Africa, the company resulted from the merger between AngloGold Limited, established in 1998, and Ashanti Goldfields Company Limited, founded in 1897 in Ghana.
In the early years after the merger, the company focused on integrating operations, optimizing processes, and strengthening environmental and social governance in accordance with international mining standards.
The initial public offering (IPO) of AngloGold Ashanti took place in 2004, with simultaneous listings on exchanges such as the NYSE and the Johannesburg Stock Exchange (JSE). During the 2010s, the company expanded operations in strategic regions, including growth in Brazil and investments in technologies to enhance the efficiency and safety of its mines.
In subsequent years, geographic diversification and modernization of production infrastructure contributed to greater operational stability, reduced costs, and increased production capacity. The company also carried out strategic actions such as acquisitions and divestments to maintain a competitive portfolio.
Between 2020 and 2024, AngloGold Ashanti intensified ESG initiatives, invested in sustainable mining technologies, and adopted new practices aimed at reducing carbon emissions and improving operational safety in its mines worldwide. In addition, advancements in automation and digitalization were implemented to optimize processes and improve mineral resource management.
Additional Information
The Company AngloGold Ashanti Ltd. (United States), is listed on NYSE with a market cap of $ 40.00 Billions, having an equity of $ 9.55 Billions.
With a total of 34.263 employees, the company is listed in the sector of Basic Materials and categorized in industry of Gold and Silver.
In the last 12 months the Company had a revenue of $ 8.58 Billions, which generated a profit in the amount of $ 2.25 Billions.
As for its main indicators, the Company has a P/E ratio of 17.77, a P/BV ratio of 4.19 and in the last 12 months the dividend yield of AU was at 1.19%.
The Company is traded internationally through the ticker AU.
