traded as jse ang nyse au asx agg industry mining founded 2004 ; 12 years ago 2004 by merger with henderson group headquarters johannesburg south africa area served worldwide key people tito mboweni chairman of the board srinivasan venkatakrishnan ceo products gold silver uranium oxide revenue us 5.334 billion 2010 operating income us 0.518 billion 2010 net income us 0.076 billion 2010 total assets us 9.532 billion 2010 total equity us 3.989 billion 2010 number of employees 62 046 june 2011 website anglogoldashanti.com anglogold ashanti limited is a global gold mining company . it was formed in 2004 by the merger of anglogold and the ashanti goldfields corporation . anglogold ashanti limited is now a global gold producer with 21 operations on four continents . the company is listed on the new york johannesburg accra london and australian stock exchanges as well as the paris and brussels bourses . in 2008 anglogold produced 4.98 million ounces of gold from its operations estimated to be seven percent of the global production . in 2009 the company s gold output dropped to 4.6 million ounces . 1 as of the third quarter of 2014 anglogold was the world s third largest producer of gold behind barrick gold and newmont mining . 2 contents 1 company history 2 criticism 3 key figures 3.1 financial 3.2 gold production 3.3 fatalities 4 sources 5 see also 6 references 7 external links company history edit the company was formed on 26 april 2004 after the high court of ghana approved the merger of anglogold and the ashanti goldfields corporation three days earlier . 3 this came almost a year after the merger was announced on 16 may 2003 . in the transaction ashanti shareholders received 0.29 ordinary shares of anglogold for every ashanti share . 4 the new company sold its union reef gold mine in the northern territory of australia in august 2004 followed by the sale of the freda rebecca gold mine in zimbabwe a month later . 4 in late 2007 mark cutifani replaced bobby godsell as ceo of anglogold ashanti being appointed a director of the company on 17 september 2007 and as ceo on 1 october that year . 5 in january 2009 anglogold ashanti sold its 33 % stake in the boddington gold mine in australia to newmont mining for us 1.0 billion . 6 russell edey chairman of anglogold since 2002 and after the merger also of anglogold ashanti was replaced by tito mboweni in may 2010 . 7 the company s tau lekoa gold mine in south africa was sold to buffelsfontein gold mines limited in february 2009 with ownership being transferred on 1 august 2010 . 8 the company announced the elimination of the last of its hedge book in october 2010 . the company had hedged 11.3 million ounces of gold as of early 2008 under previous ceo bobby godsell . under its new ceo this was gradually reduced to 3.22 million . in october 2010 this remaining amount was paid off with us 2.63 billion or us 1 300 per ounce of gold . 9 anglogold ashanti is a signatory participant of the voluntary principles on security and human rights . criticism edit in august 2008 british charity war on want published a report accusing anglogold ashanti s parent company anglo american of profiting from the abuse of people in the developing countries in which the company operates . 10 the report alleges abuses committed by anglogold ashanti subsidiaries in colombia ghana and mali . war on want stated that anglogold ashanti was accused in 2008 in colombia of murders of trade union and community leaders who opposed the company s activities in the region . the company disclosed itself in 2006 or in 2008 for unacceptable safety performance in its platinum mines . safety measures were taken . 11 additionally in 2005 the staff of the aga exploration team in ituri made an us 8 000 payment to the fni which had been accused of comitting various humans rights abuses . 12 in january 2011 anglogold ashanti was named the world s most irresponsible company at the public eye awards hosted with greenpeace in davos switzerland by the erkl rung von bern known in english as the berne convention . the nominating organisation wacam wassa association of communities affected by mining said the company had a history of gross human rights violations and environmental problems . 13 key figures edit financial edit financial figures for the company 1 4 2004 2005 2006 2007 2008 1 2009 1 2010 14 2011 15 2012 16 revenue us million 3 113 3 743 3 961 gold income us million 2 393 2 646 3 002 3 619 3 768 5 334 6 570 6 353 gross loss profit us million 109 277 248 594 578 1 082 2 623 2 256 dividends per share us cents 56 36 62 19 11 17 20 49 36 total cash cost us ounce 264 281 308 357 444 514 638 728 862 total production cost us ounce 332 374 414 476 567 646 816 950 1 078 employees 65 400 63 993 61 453 61 522 62 895 63 364 62 046 61 242 65 822 gold production edit gold production figures for the company s mines since 2004 in ounces per annum were mine country 2004 4 2005 4 2006 17 2007 1 2008 1 2009 1 2010 14 2011 15 2012 16 bibiani 1 ghana 105 000 115 000 37 000 brasil minera o brazil 240 000 250 000 242 000 317 000 320 000 329 000 cerro vanguardia 92.5 % argentina 211 000 211 000 215 000 204 000 154 000 192 000 cripple creek & victor united states 329 030 329 625 283 486 282 000 258 000 218 000 freda rebecca 3 zimbabwe 9 000 geita tanzania 570 000 613 000 308 000 327 000 264 000 272 000 great noligwa south africa 795 000 693 000 615 000 483 000 330 000 158 000 iduapriem ghana 125 000 174 000 167 000 167 000 200 000 190 000 kopanang south africa 486 000 482 000 446 000 418 000 362 000 336 000 moab khotsong 2 south africa 44 000 67 000 192 000 247 000 morila 40 % mali 204 000 262 000 207 000 180 000 170 000 137 000 mponeng south africa 438 000 512 000 596 000 587 000 600 000 520 000 navachab namibia 67 000 81 000 86 000 80 000 68 000 65 000 obuasi ghana 255 000 391 000 387 000 360 000 357 000 381 000 sadiola 41 % mali 174 000 168 000 190 000 140 000 172 000 135 000 savuka south africa 158 000 126 000 89 000 73 000 66 000 30 000 serra grande 50 % brazil 94 000 96 000 97 000 91 000 87 000 77 000 siguiri 85 % guinea 83 000 246 000 256 000 280 000 333 000 316 000 sunrise dam australia 410 000 455 000 465 000 600 000 433 000 401 000 tau lekoa 4 south africa 293 000 265 000 176 000 165 000 143 000 124 000 tautona south africa 568 000 502 000 474 000 409 000 314 000 218 000 surface operations south africa 119 000 95 000 113 000 125 000 92 000 164 000 yatela 40 % mali 97 000 98 000 141 000 120 000 66 000 89 000 overall 18 world 5 816 000 6 166 000 5 635 000 5 480 000 4 982 000 4 599 000 figures for 2004 for freda rebecca siguiri bibiani iduapriem and obuasi are for the period from may to december from the merger onwards having belonged to ashanti goldfields corporation before the merger . percentage figures behind names indicate the share of production of the mine belonging to anglogold ashanti . production figures shown are those belonging to anglogold ashanti not overall production . 1 the bibiani gold mine was sold 1 december 2006 . 2 the moab khotsong gold mine started production in 2006 . 3 the freda rebecca gold mine was sold 1 september 2004 . 4 the tau lekoa gold mine was sold to buffelsfontein gold mines limited with ownership being transferred on 1 august 2010 . fatalities edit fatalities in the south african gold mining industry especially the underground mines are common . as of 2009 100 to 120 were reported every year . this did represent an improvement since 2007 anglogold ashanti has reduced the number of fatalities in its operations by 70 % . one of the main reasons for this development was a program led by ceo mark cutifani aimed at reducing the company s number of fatalities to zero by 2015 . 19 of the 16 fatalities experienced by the company in 2009 13 were in south africa 2007 27 of 34 2008 11 of 14 . 1 statistics company fatalities since 2004 founding year number change 2004 4 31 new company 2005 4 25 6 % 2006 17 37 48 % 2007 20 34 8 % 2008 1 14 57 % 2009 1 16 14 % 2010 14 15 16 % 2011 15 15 2012 16 18 14 % sources edit anglogold s response to human rights watch allegations pdf 2005 . d.r. congo gold fuels massive human rights atrocities human rights watch article anglo american the alternative report see also edit sam e. jonah acsm former president of anglogold ashanti . gold as an investment references edit a b c d e f g h i j annual report 2009 anglogold ashanti website accessed 9 may 2010 simon walker gold new fundamentals engineering & mining journal feb. 2015 v. 216 n. 2 p. 34 completion of merger of anglogold limited ashanti goldfields anglogold ashanti asx announcement published 27 april 2004 accessed 10 july 2010 a b c d e f g annual report 2005 anglogold ashanti website accessed 11 july 2010 our executive team anglogold ashanti website accessed 9 july 2010 newmont s 1.4 bn stake in soon to start boddington mine the australian published 29 january 2009 accessed 14 july 2010 chairman s letter archived 5 april 2010 at the wayback machine . anglogold ashanti website accessed 10 july 2010 tau lekoa finalisation of sale archived 28 july 2010 at the wayback machine . anglogold ashanti website published 21 july 2010 accessed 27 july 2010 anglogold ashanti eliminates hedge book gains full exposure to gold aga website published 7 october 2010 accessed 8 october 2010 anglo american the alternative report . http www.forbes.com lists 2007 11 biz 07women cynthia carroll 4pvy.html most powerful women forbes 2007 cynthia carroll chief executive of anglo american u.k. anglo american s ownership 2008 41.8 % in anglogold ashanti 45 % in diamond company debeers 49 % in mmx minas rio a brazilian iron ore concern doing business with integrity the experience of anglogold ashanti in the democratic republic of congo . international social science journal . volume 57 . please verify is anglogold is world s most evil company . a b c annual financial statements 2010 pdf . anglogold ashanti . retrieved 31 august 2013 . a b c annual report 2011 anglogold ashanti website accessed 30 dec 12 a b c annual financial statements 2012 pdf . anglogold ashanti . retrieved 31 august 2013 . a b annual report 2006 anglogold ashanti website accessed 11 july 2010 five year summaries archived 12 september 2011 at the wayback machine . anglogold website accessed 10 july 2010 anglogold wants zero mine deaths by 2015 the sydney morning herald published 29 march 2010 accessed 9 july 2010 annual report 2007 anglogold ashanti website accessed 13 july 2010 external links edit anglogold ashanti homepage a glittering demon mining poverty and politics in the democratic republic of congo v t e anglogold ashanti corporate management chairman tito mboweni ceo mark cutifani directors