AngloGold Ashanti

AngloGold Ashanti plc and the University of Witwatersrand in Johannesburg South Africa announced a bespoke scholarship project that will benefit about 200 eligible students over the next five to seven years. The R87,5 million Wits AngloGold Ashanti Legacy Scholarship Endowment will offer comprehensive funding and support over the duration of their studies to eligible students from disadvantaged and rural families with links to the mining industry and AngloGold Ashanti’s former gold mines in South Africa.  The scholarship is part of a larger investment in legacy projects in education and agriculture that AngloGold Ashanti will carry out over the next five years. https://lnkd.in/d4pE-NXQ University of the Witwatersrand

Earlier this week, representatives of AngloGold Ashanti plc joined students, and members of the University of Witwatersrand team in Johannesburg, South Africa to announce and celebrate the launch of a bespoke scholarship project - the R87,5 million Wits AngloGold Ashanti Legacy Scholarship Endowment. It will benefit about 200 eligible students over the next five to seven years. The Endowment will offer comprehensive funding and support over the duration of their studies to eligible students from disadvantaged and rural families with links to the mining industry and AngloGold Ashanti’s former gold mines in South Africa. It is part of a larger investment in legacy projects in education and agriculture that AngloGold Ashanti will carry out over the next five years.

AngloGold Ashanti plc and the University of Witwatersrand in Johannesburg South Africa have announced a bespoke scholarship project that will benefit about 200 eligible students over the next five to seven years, the first 68 of whom have been selected to begin their studies in 2024. The R87,5 million Wits AngloGold Ashanti Legacy Scholarship Endowment will offer comprehensive funding and support over the duration of their studies to eligible students from disadvantaged and rural families with links to the mining industry and AngloGold Ashanti’s former gold mines in South Africa. The scholarship is part of a larger investment in legacy projects in education and agriculture that AngloGold Ashanti will carry out over the next five years. https://lnkd.in/d4pE-NXQ

#AngloGoldAshanti #WitsForGood AngloGold Ashanti, University of the Witwatersrand Stewart Bailey, Amb Baso Sangqu, Kgomotso Tshaka, Tumelo Shakwane, Nokwazi Mabuza, Tumi Matshedisho Catele

After delivering a strong first half performance, our AngloGold Ashanti CEO Alberto Calderon visited the Australian Business Unit where top of his agenda was a trip to the Tropicana gold mine and its renewables project. He was impressed with the size and complexity of the project and noted that it was something all employees could be proud of. The wind-solar-battery storage facility incorporates four 6MW wind turbines that are 130 metres high and span 165m in rotor diameter. Pacific Energy is integrating 24MW of wind and 24MW of solar power, along with a 13MW battery energy storage system into the existing 54MW power station at Tropicana as part of its 10-year build-own-operate agreement. The project is on track for completion in the first quarter of 2025. Alberto also toured the open pits at Tropicana and spoke to staff in town hall meetings on site and in the Perth office where he thanked them for their efforts, particularly to recover from the extreme rain event that hit both operations in March. “I’m always in awe of what our people can do,” he said. The visit was a great opportunity for employees to not only meet Alberto, but to ask questions, which he openly encouraged with frank responses on topics including geopolitics, the gold price and the importance of the resources sector to Australia’s economy.

AngloGold Ashanti has taken the next step in its decarbonisation journey by linking the Geita Gold Mine in Tanzania to the Tanzanian electricity grid, which is 45.6% supplied by hydro power sources, enabling it to cut carbon emissions from power generation at the mine. This milestone was celebrated with the grand inauguration of a state-of-the-art 33/11kv substation at our Geita mine, officiated by the Deputy Prime Minister and Minister of Energy, Hon. Dotto Mashaka Biteko (MP) witnessed by prominent Government leaders, GGML management and staff, and Geita’s community members.   Geita Gold Mining Limited (GGML) will be able to reduce fuel consumption for power generation by a significant 80%. Sourcing power from the Tanzania grid is part of the company’s strategy to transition towards cleaner sources of energy. This link to the electricity grid will see GGML reduce its carbon emissions by at least 50 Kt CO2 per annum.   AngloGold Ashanti Tanzania is continuously looking at ways to further the electrification of existing and future power load contributions to reduce scope 1 emissions, with the aim of ultimately replacing all of its diesel-generated power at the site with grid power. Scope 1 emissions are direct greenhouse emissions that occur from sources that are controlled or owned by an organization.   The project saw AngloGold Ashanti working closely with the government of Tanzania through TANESCO, the Tanzania power utility. TANESCO financed a 6.1km electricity distribution line from its Mpomvu (220/33kV) substation to a purpose-built substation at the mine. GGML financed and constructed the on-site 33/11kV 80 MVA mine sub-station with the mine planning to draw an average load of 32-34MW, supplying most of its underground mining and processing power needs. 

The renewables project at the Tropicana gold mine in Western Australia remains on track for completion in the first quarter of 2025 in what will be the first major step in AngloGold Ashanti’s decarbonisation journey. Pacific Energy is constructing the facility and will continue to operate the combined renewables-gas power station under a 10 year power purchase agreement (PPA). The wind-solar-battery storage facility is the first of its kind to be implemented within the AngloGold Ashanti group and is expected to reduce greenhouse gas emissions at Tropicana by 65,000 tonnes per annum over the 10 year life of the PPA. Tropicana is owned by AngloGold Ashanti (70% and manager) and Regis Resources Ltd Resources (30%).

AngloGold Ashanti stands behind the ICMM’s Indigenous Peoples Position Statement. Embedded in our values is understanding and respect for the values, heritage and cultures of the local indigenous communities in which we operate.

HY1 2024 Earnings release for the three months and six months ended 30 June 2024

Safety is a key value for AngloGold Ashanti and last year we saw further improvements in all our safety metrics, building on industry-wide improvements in this most important area of our work, over the past decade. We recognize that we can never be complacent and must continue working every day to ensure our operations are as safe as possible. Our teams remain committed to reaching our ultimate goal of zero harm at every one of our sites. We fully support the ICMM in its work benchmarking the 2023 safety performance of its members, in order to further improve performance.