{"id":42,"date":"2023-01-05T11:00:45","date_gmt":"2023-01-05T11:00:45","guid":{"rendered":"https:\/\/reports.anglogoldashanti.com\/22\/?page_id=42"},"modified":"2023-03-22T08:06:20","modified_gmt":"2023-03-22T08:06:20","slug":"how-we-create-value","status":"publish","type":"page","link":"https:\/\/reports.anglogoldashanti.com\/22\/ir\/introducing-aga\/how-we-create-value\/","title":{"rendered":"How we create value"},"content":{"rendered":"\n
\n
\n
Home<\/a><\/span> \u00bb Integrated Report<\/a><\/span> \u00bb Introducing AngloGold Ashanti<\/a><\/span> \u00bb How we create value<\/span><\/span><\/div>\n\n

How we create value<\/h1>\n\n\n

AngloGold Ashanti aims to deliver long-term, sustained value for shareholders and other stakeholders. We do this by delivering on our strategic objectives. We have in place a resilient, flexible strategy and integrated business model. We aim for agility in our strategic decision making and in our response to a dynamic operating environment.<\/p>\n<\/div>\n\n\n\n

\n
\n

Our mission
to create value is embodied in our focus on ESG performance. <\/p>\n <\/cite><\/blockquote>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

\n
\n
\n
\n

Governance, ethics and values<\/h2>\n<\/div>\n\n\n\n
\n

Context<\/strong>
analysis<\/strong><\/p>\n\n\n\n

Risks and <\/strong>
opportunities<\/strong><\/p>\n\n\n\n

Stakeholders <\/strong><\/p>\n\n\n\n

Material sustainability <\/strong>
issues<\/strong><\/p>\n\n\n\n

Strategy, allocating<\/strong>
resources<\/strong><\/p>\n\n\n\n

Business<\/strong>
model <\/strong><\/p>\n\n\n\n

Performance, <\/strong>
outcomes <\/strong>
(creating value)<\/strong><\/p>\n<\/div>\n\n\n\n

\n
\n
\"\"<\/figure>\n\n\n\n

Exploration, development and targeted acquisitions<\/h4>\n\n\n\n

Grow and maintain a pipeline\nof viable orebodies to develop\nlong-term mining operations<\/p>\n<\/div>\n\n\n\n

\n
\"\"<\/figure>\n\n\n\n

Mining and\nprocessing<\/h4>\n\n\n\n

Operate and maintain mining\nand processing infrastructure;\nensure a skilled, trained\nand motivated workforce to\nenable cost-efficient, safe\noperations<\/p>\n<\/div>\n\n\n\n

\n
\"\"<\/figure>\n\n\n\n

Sales and financial\nmanagement<\/h4>\n\n\n\n

Sale of gold and by-products to generate revenue. Solid financial management and disciplined capital allocation promote positive sustained cash flow and returns<\/p>\n<\/div>\n\n\n\n

\n
\"\"<\/figure>\n\n\n\n

Rehabilitation and\nclosure<\/h4>\n\n\n\n

As a responsible corporate\ncitizen, our aim is to minimise\nand mitigate environmental\nimpacts and manage\nresponsible mine closure<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n\n\n\n

\n
\n
\n

To create value and deliver on our vision and mission, the following key processes are in place, underpinning delivery on our strategic objectives:<\/strong><\/p>\n\n\n\n

\n
\n
\"\"<\/figure>\n\n\n\n

Understanding our operating context \u2013 identifying risks, opportunities and material sustainability issues<\/h3>\n\n\n\n

External operating environment<\/h4>\n\n\n\n

The global macro-economic, geopolitical and financial landscape, as well as the location of our operations and their specific political and social dynamic, all affect our ability to deliver on our strategy and to create value over time. > See External operating environment<\/em><\/a><\/strong>.<\/p>\n\n\n\n

Risks and opportunities<\/h4>\n\n\n\n

Understanding the world in which we operate, the availability of resources needed to conduct our business, as well as stakeholder relationships and expectations, guides us in identifying, prioritising and managing our risks and opportunities. This informs planning and action to effectively mitigate risks, to act on opportunities and helps enable us to achieve our strategic objectives. > See Managing our risks and opportunities<\/a><\/em><\/strong><\/p>\n\n\n\n

Stakeholder engagement<\/h4>\n\n\n\n

Understanding and managing stakeholder needs, expectations and concerns is vital to the successful delivery of our strategy and value creation. In engaging with stakeholders, we seek to balance their interests and expectations, prioritising what matters most to each stakeholder, in order to identify, create and share value accordingly. > See Integrated stakeholder engagement<\/a><\/em><\/strong> <\/p>\n\n\n\n

Material sustainability issues<\/h4>\n\n\n\n

In addition, our materiality assessment process prioritises and integrates into our strategy and business model those material sustainability issues affecting our ability to create value over time. > See the <SR><\/a><\/em><\/strong><\/p>\n<\/div>\n\n\n\n

\n
\"\"<\/figure>\n\n\n\n

Strategising, allocating and managing scarce sustainable resources<\/h3>\n\n\n\n

Strategy<\/h4>\n\n\n\n

Mining is a long-term business, and our strategy is to create sustained value over the life of our mining
operations and beyond. This involves the allocation of key resource inputs \u2013 the natural, financial, human, manufactured, social and relationship, and intellectual capitals.<\/p>\n\n\n\n

Our five-pronged strategy forms the basis of our integrated approach to creating value by generating sustainable cash flow improvements and returns. > See Our strategy \u2013 an overview.<\/a><\/em><\/strong><\/p>\n\n\n\n

Business model<\/h4>\n\n\n\n

We actively manage our activities as we strive to mitigate negative impacts of our operations and seek to achieve positive outcomes.<\/p>\n\n\n\n

Understanding the long-term impacts of decisions on the allocation and use of key capital inputs, and resulting strategic trade-offs, is essential to long-term value creation and preservation, and to limiting value erosion. > See Our business model <\/a><\/em><\/strong>and Performance and delivery by strategic focus area.<\/a><\/em><\/strong><\/p>\n\n\n\n

<\/p>\n<\/div>\n\n\n\n

\n
\"\"<\/figure>\n\n\n\n

Creating and preserving\nvalue, and minimising its\nerosion<\/h3>\n\n\n\n

Sustained, long-term value creation requires responsible corporate citizenship and encompasses social upliftment, careful environmental stewardship, effective governance and the creation of economic opportunities for communities, suppliers and governments.<\/p>\n\n\n\n

Our mission to create value is embodied in our focus on ESG performance. This is supported by our values and borne out by the foundation of our strategy \u2013 our enduring focus on people, safety, health and sustainability.<\/p>\n\n\n\n

Those primary stakeholders for whom we create, preserve or erode value are shareholders, employees, suppliers, governments, communities and the environment. > See Our business model <\/a><\/em><\/strong>and Value by stakeholder.<\/a><\/em><\/strong><\/p>\n\n\n\n

\"\"<\/figure>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n
\n

Defining value by stakeholder<\/h4>\n\n\n\n
\n
\n
Investors and capital providers<\/h6>\n\n\n\n
    \n
  • Generating positive absolute and relative shareholder returns<\/li>\n\n\n\n
  • Seeking to ensure favourable returns on debt funding<\/li>\n<\/ul>\n\n\n\n
    Employees<\/h6>\n\n\n\n
      \n
    • Being an employer of choice<\/li>\n\n\n\n
    • Providing opportunities to earn, learn, develop and apply critical skills and intellectual capital in a safe, values-driven environment<\/li>\n<\/ul>\n\n\n\n
      Suppliers<\/h6>\n\n\n\n
        \n
      • Providing business opportunities \u2013 through local procurement and investment \u2013 that contribute to growth<\/li>\n<\/ul>\n<\/div>\n\n\n\n
        \n
        Governments and regulators<\/h6>\n\n\n\n
          \n
        • Being a responsible, law-abiding corporate citizen and paying our dues to government (taxes, royalties, among others)<\/li>\n\n\n\n
        • Partnering to facilitate successful delivery on broader, mutual economic and social objectives (local services and infrastructure)<\/li>\n<\/ul>\n\n\n\n
          Communities<\/h6>\n\n\n\n
            \n
          • Supporting, promoting and investing in creating resilient, self-sustaining communities<\/li>\n<\/ul>\n\n\n\n
            Environment<\/h6>\n\n\n\n
              \n
            • Respecting the environment \u2013 being a responsible consumer, and minimising and mitigating harmful impacts<\/li>\n\n\n\n
            • Seeking to protect, restore and rehabilitate land and biodiversity<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n\n\n\n
              <\/div>\n\n\n\n
              <\/span>\"\"
              \n

              <\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

              Our mission to create value is embodied in our focus on ESG performance. 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