Anglogold Ashanti

EMPOWERING PEOPLE, ADVANCING SOCIETIES ANGLOGOLD ASHANTI

EMPOWERING PEOPLE, ADVANCING SOCIETIES

As Africa’s mining landscape continues to evolve, AngloGold Ashanti maintains a strong operational footprint across the continent, bolstered by strategic partnerships, social investment, and a robust double materiality framework underpinning its long-term strategy

Writer: Lily Sawyer | Project Manager: Josh Whiteside

In recent years, Africa’s mining sector has entered what could be described as a new era of growth and strategic relevance.

The industry has seen a significant shift away from extracting traditional commodities and towards extracting critical minerals that underpin the global energy transition.

Copper, lithium, cobalt, and rare earth elements have moved to the forefront, placing Africa at the centre of global supply chains for batteries, electric vehicles (EVs), and renewable energy infrastructure.

This has elevated the continent’s geopolitical importance, with major global powers competing to secure access to strategic mineral resources.

Alongside this shift in demand, governments in countries such as Namibia and Zimbabwe have introduced restrictions on the export of unprocessed minerals, forcing a move towards local beneficiation and downstream processing.

Whilst these measures have

increased complexity for operators, they have also created opportunities for industrial development, skills transfer, and job creation.

As Africa’s mining sector undergoes a transformative period, few companies are as closely intertwined with the continent’s socioeconomic

and industrial trajectory as AngloGold Ashanti.

Operating across some of Africa’s most mineral-rich regions, the company balances large-scale gold production whilst maintaining its purpose to empower people and advance societies.

ANGLOGOLD ASHANTI –VISION, PURPOSE, AND VALUES

Vision – To be the leading mining company.

Purpose – Mining to empower people and advance societies.

Values – Six values are at the heart of AngloGold Ashanti’s culture, guiding the way it interacts with staff members, the environment, neighbours, and stakeholders. They are:

• Safety – Putting safety first before anything else.

• Respect – Treating each other with human dignity and respect.

• Integrity – Remaining honest and true to what it commits to.

• Sustainability – Making a positive contribution towards an enduring world.

• Excellence – Focusing on continuous improvement towards a high-performing culture.

• Collaboration – Working together to build a great company.

AN ESSENTIAL CORNERSTONE

Africa remains the cornerstone of AngloGold Ashanti’s global portfolio, with the company’s operations in the continent accounting for approximately 60 percent of overall production.

In Ghana, it operates the Obuasi mine, a flagship underground operation in the Ashanti region with a mine life exceeding 20 years.

Following a comprehensive redevelopment in 2019, the Obuasi mine is ramping up towards annual production of between 400,000 and 450,000 ounces (oz) between 2024 and 2028.

AngloGold Ashanti also operates the Iduapriem mine in Western Ghana, an open-pit operation encompassing the Iduapriem, Teberebie, and Ajopa concessions, utilising carbon-in-leach and gravity circuits for processing.

Elsewhere, Tanzania is home to the Geita mine – one of the company’s most significant assets, located in the country’s northwest.

Geita has transitioned into a predominantly underground operation whilst retaining some open-pit mining, focusing on local procurement and supporting local employment drives.

Over in the Democratic Republic of

the Congo (DRC), AngloGold Ashanti also holds a 45 percent stake in the Kibali mine – one of Africa’s largest gold operations – which is managed by Barrick Gold Corporation.

Further west, the Siguiri mine in Guinea is an 85 percent-owned, largescale open-pit operation comprising multiple pits across a vast mineralised zone.

The company’s African footprint expanded further in November 2024 with the acquisition of Centamin, a strategic move which added the Sukari mine into its portfolio – a low-cost, large-scale open-pit and underground operation in Egypt.

DOROPO PROJECT

Following AngloGold Ashanti’s acquisition of Centamin in 2024, the company gained exposure to the Doropo project in Northeast Côte d’Ivoire – a country that has emerged as one of West Africa’s most lucrative mining jurisdictions.

The Doropo project has since proven crucial to AngloGold Ashanti’s operations, recognised as a potential long-life asset, with studies indicating the capacity to support a life of mine of approximately 10 years and average annual production of around 167,000 oz.

Its location within a relatively underexplored greenstone belt offers an additional advantage, with the potential of highgrade deposits and low-cost entry before the area grows in popularity.

The company intends to boost annual production at the already high-performing Sukari asset to approximately 500,000 oz, utilising advanced technology and optimising operations for long-term, high-margin growth.

Beyond its producing assets, AngloGold Ashanti maintains a

strong pipeline of exploration and development projects across Guinea, Tanzania, Egypt, and Côte d’Ivoire.

ROBUST FRAMEWORK

In 2024, AngloGold Ashanti formally introduced a double materiality framework as the basis of its sustainability reporting strategy.

Escape to Serenity at Western Serene Atlantic Hotel

Nestled in the heart of Takoradi and overlooking the majestic Atlantic Ocean, Western Serene Atlantic Hotel is a premier 4-star destination where business, leisure, and heritage meet. Ideally located for both work and relaxation, the hotel offers guests a tranquil coastal escape with the convenience of city access.

Rich in history, the property was originally built in 1962 by Ghana’s first President, Osagyefo Dr. Kwame Nkrumah, making it one of the region’s most iconic landmarks. Acquired by the First Sky Group in June 2024, the hotel was thoughtfully rebranded to reflect a renewed vision of contemporary luxury whilst preserving its historic charm.

Western Serene Atlantic Hotel features 130 elegantly designed rooms, ranging from Standard and Deluxe Rooms to Executive Suites, Chalets, and Penthouses. Each space is crafted with modern amenities to ensure comfort, style, and an unforgettable stay. Guests enjoy complimentary breakfast and access to world-class leisure facilities, including three outdoor swimming pools, a landscaped tennis court, a fully equipped gym, and a spa and salon for complete relaxation and wellness. For meetings, conferences, and celebrations, the hotel offers five versatile event and conference spaces fitted with modern

technology — ideal for corporate events, weddings, retreats, and social gatherings of all kinds.

Culinary excellence is at the heart of the Western Serene experience. Guests can savour an exquisite blend of local and continental cuisine at the signature Ocean View Restaurant, offering panoramic sea views from breakfast through dinner. For added convenience, in-room dining delivers carefully curated meals, whilst the hotel’s indoor and outdoor bars provide the perfect setting to unwind as the sun sets over the ocean.

Recognised for excellence, Western Serene Atlantic Hotel was named Best Four-Star Hotel of the Year 2024 by the Ghana Tourism Authority (Western Region) and Best Rebranded Hotel of the Year 2024 by Hospitality Awards Africa

Looking to the future, the hotel is expanding with 66 additional rooms, bringing the total to 196 rooms by 2026, alongside plans to elevate to a 5-star rating — positioning Western Serene Atlantic Hotel as the first and only 5-star hospitality destination in Takoradi and the Western Region.

Western Serene Atlantic Hotel — where history, luxury, and the beauty of the Atlantic Ocean come together to create an exceptional Ghanaian hospitality experience.

The framework was designed to provide a comprehensive, forwardlooking view of both financial and nonfinancial risks and opportunities.

By integrating environmental, social, and governance (ESG) considerations into its enterprise risk management processes, the company ensures sustainability is embedded at the core of each strategic decision it makes.

The framework assesses outside-in impacts – for example, how external sustainability issues such as climate

change, regulation, or community relations affect financial performance – alongside inside-out impacts, which consider how the company’s operations influence society and the environment.

Each year, AngloGold Ashanti identifies and reviews a set of material sustainability issues ranging from tailings management and water stewardship to human rights and climate resilience.

This process is informed by

structured engagement with both internal and external stakeholders –particularly host communities most affected by mining activities.

The resulting insights act as a guide for board-level oversight, capital allocation, and operational priorities, whilst also shaping integrated reporting across its annual and sustainability reporting.

Overseen by the company’s Social, Ethics, and Sustainability (SES) Committee, the double materiality framework remains responsive to evolving expectations and operating contexts.

RESPONSIBLE, SUSTAINABLE LEGACY

For AngloGold Ashanti, a deep-rooted sense of environmental stewardship remains central to its operations.

The company recognises that responsible mining depends on protecting natural resources, reducing emissions, and managing environmental risks as transparently as possible.

This commitment is reflected by its investments in renewable energy, water recycling, and biodiversity management across its African operations.

Several sites now incorporate dedicated solar or grid-connected renewable power solutions, thereby reducing reliance on diesel and supporting the company’s decarbonisation goals.

Water stewardship is another priority, particularly in arid regions such as Namibia and South Africa’s Northern Cape, where scarcity requires innovative solutions including desalination and closed-loop recycling systems.

Corporate social responsibility (CSR) at AngloGold Ashanti focuses on creating shared value and ensuring mining activities contribute meaningfully to host communities –both during operations and long after mine closure.

This philosophy is reflected in the company’s long-term socioeconomic development plans, such as the 10-year programmes implemented at key sites like Obuasi.

These initiatives focus on local procurement, skills development, agriculture, and enterprise development, helping to diversify local economies and reduce dependence on mining alone. By aligning production growth

with decarbonisation, safety, and community investment, AngloGold Ashanti aims to leave a legacy of not only mining excellence but also strengthened communities and environmental stewardship.