{"id":373,"date":"2025-01-31T10:16:13","date_gmt":"2025-01-31T08:16:13","guid":{"rendered":"https:\/\/reports.anglogoldashanti.com\/24\/?p=373"},"modified":"2025-03-25T15:21:22","modified_gmt":"2025-03-25T13:21:22","slug":"ceos-review-and-outlook","status":"publish","type":"post","link":"https:\/\/reports.anglogoldashanti.com\/24\/sr\/view-from-the-top-sr\/ceos-review-and-outlook\/","title":{"rendered":"CEO\u2019s review and outlook"},"content":{"rendered":"\n
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Our values<\/h1>\n\n\n\n

of safety, respect, integrity, sustainability, excellence, and collaboration guide the way in which we carry out our business and go beyond the payment of wages, taxes and royalties.<\/p>\n<\/div>\n\n\n\n

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It is true that no mining company can operate without committing to a transparent and respectful dialogue with its host governments and communities, or without ensuring that those stakeholders share in the value it creates. We work each day to make sure we have a business that is robust and healthy enough to deliver those benefits through all phases of the commodity cycle, that we\u2019re engaging consistently \u2013 through good times and bad \u2013 and that our values of safety, respect, integrity, sustainability, excellence, and collaboration guide the way we carry out our business.<\/p>\n\n\n\n

Purpose and values<\/h2>\n\n\n\n

Our purpose statement \u2014 Mining to empower people and advance societies<\/em> \u2014 reflects this ambition. It enjoins us to ensure that, in parallel with our exploration and mining activities, we enhance the ability of the people associated with our business to improve their lives. A modern, responsibly run and profitable mining operation should be a wellspring for development. Financial resources are channelled to high-quality employment opportunities but also to skills advancement, education, health care, enterprise development initiatives, cultural preservation and even contributions to public infrastructure, among others.<\/p>\n\n\n\n

These investments are simultaneously guided by our values and help to uphold them; they not only flow from our mining operations, but help to sustain them. Done well, they create a common purpose which helps strengthen our licence to operate over time.<\/p>\n\n\n\n

How and why we report<\/h2>\n\n\n\n

Another manifestation of our values is the consistent, conscientious observation of the laws and regulations in the jurisdictions in which we operate, as well as adherence to our own policies and standards, and compliance with the treaties, commitments and accords which we\u2019ve signed on to. Reporting provides us the opportunity to account for ourselves, to measure the extent to which we have succeeded and where we have fallen short.<\/p>\n\n\n\n

The list of standards and commitments to which we must conform is long. It includes the comprehensive and important Sustainable Development Framework of the International Council on Mining and Metals (ICMM), and the World Gold Council\u2019s (WGC) Responsible Gold Mining Principles (RGMPs). We also observe the UN Guiding Principles on Business and Human Rights, and the Voluntary Principles on Security and Human Rights, among others.<\/p>\n\n\n\n

For more than 20 years we have committed our Company to observing the Ten Principles of the UN Global Compact which cover the areas of human rights, labour, environment and anti-corruption. In addition, we observe the requirements of the Extractive Industries Transparency initiative (EITI) which provide a framework for disclosing payments to governments, helping ensure good governance, transparency and the ability to conduct our business ethically and openly. It holds the Company and its host governments to account.<\/p>\n\n\n\n

In 2024, we continued supporting the development of a new consolidated standard under the ICMM, Copper Mark and TSM, which will once again raise the bar for probity, accountability and governance. We aim to ensure this Sustainability Report illustrates the extent to which we have fulfilled our commitments and should be read alongside our supplementary disclosures including the Modern Slavery<\/em><\/a> and Human Rights<\/em><\/a> reports, along with our ESG Data Workbook<\/a><\/em> which together provide a comprehensive catalogue of our ESG achievements, shortcomings and case studies, illustrated in a variety of qualitative and quantitative ways.<\/p>\n\n\n\n

Artisanal mining and security<\/h2>\n\n\n\n

We have for many years worked alongside governments, civil society, peers and communities in finding ways to address the pressing and important global challenge presented by the proliferation of artisanal and small-scale mining, and in particular the unchecked growth of illegal mining.<\/p>\n\n\n\n

We understand well the important role that artisanal mining and miners play in their societies, and the importance of this activity in alleviating poverty, particularly against an increasingly challenging social and economic backdrop across developing markets. The reality, amid soaring gold prices, stubborn unemployment and continued inflationary pressure, is that this difficult and often dangerous activity has become significantly more attractive, bringing in untold numbers of new entrants in recent years.<\/p>\n\n\n\n

Nonetheless, it is also important to understand that illegal mining is devastating to the environment, carrying no duty of care to those engaged in it or to the environment, with no minimum standards of operation. It is also fundamentally incompatible on the same footprint as modern, large-scale mining. The presence of any untrained and unauthorised people on an industrial-scale mine site presents an enormous safety hazard to those people, employees and to the community at large.<\/p>\n\n\n\n

The challenge before us all, as ever, is to find ways to accommodate responsible, licensed artisanal mining and to work with all stakeholders to mitigate the enormous environmental devastation so evident from its unchecked growth, to stop the exploitation of the most vulnerable in their sprawling and unregulated value chains, and to find responsible, legal and transparent routes to market for their products.<\/p>\n\n\n\n

Our host governments understand these challenges well and have in our industry a reliable and progressive partner in finding durable solutions.<\/p>\n\n\n\n

Occupational safety<\/h2>\n\n\n\n

We are pleased again to have made progress in improving safety, though we remain aware that this important area of our work requires constant vigilance. The death of a contractor employee in a light vehicle accident at Geita, in May, provided a tragic reminder of the importance of continuing to embed our safety processes and culture in the business. We should also reflect on the enormous strides we have made in making our sites safer, with injury rates \u2013 an important lagging indicator \u2013 among the very lowest in the global mining industry. Our total recordable injury frequency rate (TRIFR), was 0.97 injuries per million hours worked as of 31 December 2024, compared with the 2023 ICMM industry average of 2.59.<\/p>\n\n\n\n

Tailings management<\/h2>\n\n\n\n

Along with our ICMM peers, we continue to work towards meeting all compliance targets of the Global Industry Standard on Tailings Management (GISTM) for our tailings storage facilities (TSFs). In terms of a two-phased approach, our first target was to indicate conformance of our TSFs for our potential high-risk TSFs by August 2025. The next requires conformance for the balance by August 2025.<\/p>\n\n\n\n

The GISTM was developed through an independent process convened by the ICMM, the United Nations Environment Programme (UNEP) and guided by the UN-supported Principles for Responsible Investment (PRI). ICMM members are required to work towards full compliance with the standard\u2019s 77 requirements integrating social, environmental, local economic and technical considerations. Together with the ICMM, we welcome the launch of the Global Tailings Management Institute (GTMI), an independent, multi-stakeholder governed organisation to oversee implementation of, and conformance with, the GISTM.<\/p>\n\n\n\n

Energy transition<\/h2>\n\n\n\n

We are proud of the impressive renewable energy facilities installed at Tropicana, in Australia, which will number among the country\u2019s largest. We are in advanced stages of planning projects in Ghana and Guinea. We have completed the project to switch from costly, higher emitting diesel-generated power in Tanzania, to the national grid which includes a significant hydroelectric component. Our newly acquired Sukari mine already uses a large solar power facility and has potential to further expand this important energy source.<\/p>\n\n\n\n

These are important milestones on our journey to achieve a 30% reduction in absolute Scope 1 and Scope 2 GHG emissions by 2030, as compared to a 2021 baseline. The 2030 target will include Sukari and its own decarbonisation programme, also based on a 2021 baseline.<\/p>\n\n\n\n

Water stewardship and nature<\/h2>\n\n\n\n

Our operations made welcome strides during 2024 in further improving water stewardship, establishing a working committee to focus on this important area of our business and setting specific stewardship goals for each site. The ICMM\u2019s new Nature Position Statement was launched in January 2024, including a commitment for members not to mine or explore in World Heritage Sites, to respect all legally designated protected areas and to ensure, by the time of mine closure, that there is no net loss of biodiversity at our mine sites where possible, against a 2020 baseline. Our environment team is working with external experts to develop a roadmap in 2025 to support delivery against this important commitment.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

There is a significant amount of thought, effort and resources expended to ensure we not only reduce our environmental footprint, but bring real and lasting benefit to the communities in which we operate. This report is an account of those efforts which I hope will be well received by our stakeholders.<\/p>\n\n\n\n

Alberto Calderon<\/strong>
Chief Executive Officer<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Our values of safety, respect, integrity, sustainability, excellence, and collaboration guide the way in which we carry out our business and go beyond the payment of wages, taxes and royalties. It is true that no mining company can operate without committing to a transparent and respectful dialogue with its host governments and communities, or without ensuring that those stakeholders share in the value it creates. We work each day to make sure we have a business that is robust and […]<\/p>\n","protected":false},"author":2,"featured_media":375,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[16],"tags":[],"class_list":["post-373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-view-from-the-top-sr"],"acf":[],"yoast_head":"\nCEO\u2019s review and outlook - Reporting Suite 2024 | AngloGold Ashanti<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/reports.anglogoldashanti.com\/24\/sr\/view-from-the-top-sr\/ceos-review-and-outlook\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CEO\u2019s review and outlook - Reporting Suite 2024 | AngloGold Ashanti\" \/>\n<meta property=\"og:description\" content=\"Our values of safety, respect, integrity, sustainability, excellence, and collaboration guide the way in which we carry out our business and go beyond the payment of wages, taxes and royalties. 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