{"id":58,"date":"2023-01-05T12:34:14","date_gmt":"2023-01-05T12:34:14","guid":{"rendered":"https:\/\/reports.anglogoldashanti.com\/22\/?page_id=58"},"modified":"2023-03-24T12:30:00","modified_gmt":"2023-03-24T12:30:00","slug":"external-operating-environment","status":"publish","type":"page","link":"https:\/\/reports.anglogoldashanti.com\/22\/ir\/world-in-which-we-operate\/external-operating-environment\/","title":{"rendered":"External operating environment"},"content":{"rendered":"\n
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Home<\/a><\/span> \u00bb Integrated Report<\/a><\/span> \u00bb World in which we operate<\/a><\/span> \u00bb External operating environment<\/span><\/span><\/div>\n\n

External operating environment<\/h1>\n\n\n

Our external operating environment is dynamic and complex, with external factors beyond our control influencing our ability to deliver on our strategy and create value.<\/p>\n<\/div>\n\n\n\n

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The focus of the business will be to lower costs and ensure profitability at lower gold prices.<\/p>\n <\/cite><\/blockquote>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

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The most prominent external event of 2022 \u2013 Russia\u2019s war in Ukraine \u2013 continues to have far-reaching impacts on global supplies of oil, gas and grain, among other commodities. The continuing hostilities have exacerbated global inflation and interest rates and increased the prospect of a global recession in 2023. Increased inflationary pressure placed upward pressure on costs for the business and society at large, creating the potential for economic, social, and subsequent political disruptions, including in those jurisdictions in which we operate. There maybe a consequent impact on the global natural resources sector as governments and society respond to this inflationary pressure.<\/p>\n\n\n\n

The COVID-19 environment has stabilised as more people acquire some level of immunity from vaccination and previous infections. Reported cases across our employees and contractors remain mild and asymptomatic with no severe cases or deaths from COVID-19 reported in 2022. However, we remain vigilant and our COVID-19 crisis preparedness and response plan remains in place to enable prompt action and business continuity should the situation change.<\/p>\n\n\n\n

Investors continued to increase their call for the companies in which they invest to improve their sustainability practices, governance and contributions to society while reducing their impact on the environment.<\/p>\n\n\n\n

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Major external factors affecting AngloGold Ashanti are:<\/h4>\n\n\n\n