Material issues<\/h3>\n\n\n\n\n- Social and legal licence to operate<\/li>\n\n\n\n
- Governance, ethics and crisis response<\/li>\n\n\n\n
- Geopolitical issues<\/li>\n<\/ul>\n<\/div>\n\n\n\n\n
Related SDGs<\/h4>\n\n\n\n\n![\"\"](\"https:\/\/reports.anglogoldashanti.com\/24\/wp-content\/uploads\/2025\/02\/sdg-8.svg\")
<\/figure>\n\n\n\n![\"\"](\"https:\/\/reports.anglogoldashanti.com\/24\/wp-content\/uploads\/2025\/02\/sdg-9.svg\")
<\/figure>\n\n\n\n![\"\"](\"https:\/\/reports.anglogoldashanti.com\/24\/wp-content\/uploads\/2025\/02\/sdg-11.svg\")
<\/figure>\n\n\n\n![\"\"](\"https:\/\/reports.anglogoldashanti.com\/24\/wp-content\/uploads\/2025\/02\/sdg-16.svg\")
<\/figure>\n<\/div>\n<\/div>\n<\/div>\n\n\n\nPrincipal risks<\/h3>\n\n\n\n\n- Adverse regulatory changes to mining rights and adverse fiscal changes<\/li>\n\n\n\n
- Loss of or threats to social licence to operate<\/li>\n\n\n\n
- Inability to meet investor expectations or to mine responsibly (ESG performance)<\/li>\n<\/ul>\n\n\n\n
Disclosure against standards<\/h3>\n\n\n\n\n- SASB EM-MM-510a.2:<\/strong> Production in countries that have the 20 lowest rankings in Transparency International\u2019s Corruption Perception Index<\/li>\n\n\n\n
- GRI 2-27:<\/strong> Compliance with laws and regulations<\/li>\n\n\n\n
- GRI 415-1:<\/strong> Political contributions<\/li>\n\n\n\n
- GRI 14.25:<\/strong> Conflict-affected and high-risk areas<\/li>\n<\/ul>\n<\/div>\n\n\n\n\n<\/span>
![\"\"](\"https:\/\/reports.anglogoldashanti.com\/24\/wp-content\/uploads\/2025\/02\/Geopolitica_no1.png\")
\nOur commitment<\/h4>\n\n\n\n
AngloGold Ashanti strives for open, collaborative and mutually respectful relationships with national, regional and local government authorities, founded on integrity and transparency. We remain dedicated to promoting shared value among our operations and stakeholders, particularly those communities in close proximity to our assets.<\/p>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n
\nOur approach<\/h2>\n\n\n\n
In ongoing efforts to navigate political and regulatory uncertainties, building and maintaining trust across stakeholder groups is critical. <\/p>\n\n\n\n
To do this, AngloGold Ashanti demonstrates good citizenship and attempts to proactively manage challenges. We employ a comprehensive approach, and strive to operate within the letter of the law, engage stakeholders, achieve compliance, and meet local employment and procurement commitments. We are guided by the work of other intergovernmental organisations such as the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development and the Organisation for Economic Co-operation and Development (OECD). <\/p>\n\n\n\n
We work alongside stakeholders to co-determine mutually beneficial initiatives and outcomes. This includes collaborative efforts with community leaders, national and local governments, and civil society organisations. <\/p>\n\n\n\n
We engage on an ongoing basis with communities and governments, with a focus on competency, value creation and sharing, which, along with co-creating solutions with communities, are key strategies to maintain and increase trust levels. <\/p>\n\n\n\n
We actively support government-backed initiatives aimed at formalising ASM in Guinea, Tanzania, Ghana, and Colombia. <\/p>\n\n\n\n
AngloGold Ashanti actively supports the EITI. This underscores our belief that earning and sustaining our social licence to operate necessitates partnerships with government and community stakeholders in our operational countries, contributing to their long-term sustainability. <\/p>\n\n\n\n
Our tax strategy, which is approved by the Board, articulates our commitment to contributing tax revenues to the economies of the nations where we conduct business and our adherence to transparent tax management practices. Our approach aligns with the ICMM\u2019s Mining Principles and incorporates the organisation’s updated position statement on the transparency of mineral revenues<\/p>\n\n\n\n
\n\nWhat we measure<\/h3>\n\n\n\n
We assess and track potential risks by analysing the political frameworks of the countries in which we operate, and monitoring\/ ensuring:<\/p>\n\n\n\n
\n- Our societal contribution as a responsible corporate citizen<\/li>\n\n\n\n
- The integrity of our value chain, especially local procurement<\/li>\n\n\n\n
- Innovative business and operating model design<\/li>\n\n\n\n
- Leveraging existing capabilities for economic succession<\/li>\n\n\n\n
- Skills development, localisation and talent management<\/li>\n\n\n\n
- Meaningful communication and engagement<\/li>\n<\/ul>\n\n\n\n
A risk-based approach is applied to third party agents and intermediaries, requiring their adherence to AngloGold Ashanti\u2019s anti-bribery and anti-corruption standards and procedures, which includes the disclosure of their payments to government officials. These processes are assessed as part of the site reviews conducted by the compliance team during combined assurance reviews. On a quarterly basis, sites report on payments to the country or regional audit committees. Information is consolidated for reporting to the Serious Concerns Committee.<\/p>\n<\/div>\n\n\n\n
\n\nPayments to government ($m)<\/th> 2024<\/th> 2023<\/th><\/tr><\/thead> Argentina<\/td> 89.6<\/strong><\/td>96.2<\/td><\/tr> Australia<\/td> 173.4<\/strong><\/td>72.1<\/td><\/tr> Brazil<\/td> 103.2<\/strong><\/td>94.1<\/td><\/tr> Colombia<\/td> 6.<\/strong>7<\/td>36.5<\/td><\/tr> DRC<\/td> 129.6<\/strong><\/td>94.3<\/td><\/tr> Ghana<\/td> 174.8<\/strong><\/td>144.5<\/td><\/tr> Guinea<\/td> 76.0<\/strong><\/td>61.4<\/td><\/tr> Tanzania<\/td> 267.4<\/strong><\/td>214.7<\/td><\/tr> USA<\/td> 13.6<\/strong><\/td>18.9<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n<\/div>\n\n\n\nPerformance in 2024<\/h2>\n\n\n\n
Geopolitical risks have the potential to significantly influence economic growth, inflation, financial markets, company performance and supply chains among others. Elections dominated much of the 2024 political stage, with elections in the US, UK, South Africa and Ghana. Tanzania, Guinea (pending successful constitutional referendum) and Australia will hold their presidential and federal elections respectively in 2025. <\/p>\n\n\n\n
The year in review also bore witness to several significant global political shifts, highlighting a world marked by rising nationalism, intensified conflicts, and shifting alliances. Conflict in the Middle East has the potential to impact that region, Africa, the USA and Europe. Persistent and violent extremism in the Sahel region threatens to exacerbate security and cause humanitarian impacts in the region and beyond. The influence of the BRICS alliance (including Brazil, Russia, India, China, and South Africa) continues to grow, particularly after the Kazan summit in Russia. <\/p>\n\n\n\n
Markets initially reacted positively to the incoming US President Trump, with both Dow Jones futures and the Dollar Index seeing a rally. However, increased geopolitical tensions are expected in China, Iran, Ukraine, and Latin America. <\/p>\n\n\n\n
In the DRC, Guinea, and Tanzania, the political landscape remains complex. Stability, economic growth, and effective governance continue to be key priorities for AngloGold Ashanti. <\/p>\n\n\n\n
AngloGold Ashanti adopts a pragmatic, comprehensive approach to managing and mitigating geopolitical risks through transparent, collaborative engagement with the communities and governments in the jurisdictions where we operate. Engagement and collaboration between management, government authorities and community and civil leadership is undertaken in all the jurisdictions in which we operate, and focused multi-stakeholder forums, both internal and external, remain in place to ensure open and honest communication while seeking sustainable solutions to issues raised.<\/p>\n\n\n\n
Delays in Ghana<\/h3>\n\n\n\n
The requisite approvals by the Government of Ghana for the proposed joint venture between Gold Fields\u2019 Tarkwa Mine and AngloGold Ashanti\u2019s Iduapriem Mine, announced in March 2023 have not yet been received. <\/p>\n\n\n\n
AngloGold Ashanti and Gold Fields continue to believe that a combination of the two neighbouring mines into a single managed entity is compelling, given that it is anticipated to extend life of mine, increase production and lower costs, creating value for all stakeholders. In the absence of the requisite approvals from the Government of Ghana and clear timelines for execution of an agreement, Gold Fields and AngloGold Ashanti will maintain engagement in relation to a potential asset combination while separately continuing to pursue improvements to their respective assets<\/p>\n\n\n\n
Engagements in Tanzania<\/h3>\n\n\n\n
Following engagements with the Government of Tanzania, our Special Mining Licence (SML) at Geita was renewed by the Tanzanian Mining Commission in August 2024 for a further period of 15 years.<\/p>\n\n\n\n
Gold Bar Integrity platform<\/h3>\n\n\n\n
Related SDGs<\/h4>\n\n\n\n\n<\/figure>\n\n\n\n<\/figure>\n\n\n\n<\/figure>\n\n\n\n<\/figure>\n<\/div>\n<\/div>\n<\/div>\n\n\n\nPrincipal risks<\/h3>\n\n\n\n\n- Adverse regulatory changes to mining rights and adverse fiscal changes<\/li>\n\n\n\n
- Loss of or threats to social licence to operate<\/li>\n\n\n\n
- Inability to meet investor expectations or to mine responsibly (ESG performance)<\/li>\n<\/ul>\n\n\n\n
Disclosure against standards<\/h3>\n\n\n\n\n- SASB EM-MM-510a.2:<\/strong> Production in countries that have the 20 lowest rankings in Transparency International\u2019s Corruption Perception Index<\/li>\n\n\n\n
- GRI 2-27:<\/strong> Compliance with laws and regulations<\/li>\n\n\n\n
- GRI 415-1:<\/strong> Political contributions<\/li>\n\n\n\n
- GRI 14.25:<\/strong> Conflict-affected and high-risk areas<\/li>\n<\/ul>\n<\/div>\n\n\n\n\n<\/span>\n
Our commitment<\/h4>\n\n\n\n
AngloGold Ashanti strives for open, collaborative and mutually respectful relationships with national, regional and local government authorities, founded on integrity and transparency. We remain dedicated to promoting shared value among our operations and stakeholders, particularly those communities in close proximity to our assets.<\/p>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n
\nOur approach<\/h2>\n\n\n\n
In ongoing efforts to navigate political and regulatory uncertainties, building and maintaining trust across stakeholder groups is critical. <\/p>\n\n\n\n
To do this, AngloGold Ashanti demonstrates good citizenship and attempts to proactively manage challenges. We employ a comprehensive approach, and strive to operate within the letter of the law, engage stakeholders, achieve compliance, and meet local employment and procurement commitments. We are guided by the work of other intergovernmental organisations such as the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development and the Organisation for Economic Co-operation and Development (OECD). <\/p>\n\n\n\n
We work alongside stakeholders to co-determine mutually beneficial initiatives and outcomes. This includes collaborative efforts with community leaders, national and local governments, and civil society organisations. <\/p>\n\n\n\n
We engage on an ongoing basis with communities and governments, with a focus on competency, value creation and sharing, which, along with co-creating solutions with communities, are key strategies to maintain and increase trust levels. <\/p>\n\n\n\n
We actively support government-backed initiatives aimed at formalising ASM in Guinea, Tanzania, Ghana, and Colombia. <\/p>\n\n\n\n
AngloGold Ashanti actively supports the EITI. This underscores our belief that earning and sustaining our social licence to operate necessitates partnerships with government and community stakeholders in our operational countries, contributing to their long-term sustainability. <\/p>\n\n\n\n
Our tax strategy, which is approved by the Board, articulates our commitment to contributing tax revenues to the economies of the nations where we conduct business and our adherence to transparent tax management practices. Our approach aligns with the ICMM\u2019s Mining Principles and incorporates the organisation’s updated position statement on the transparency of mineral revenues<\/p>\n\n\n\n
\n\nWhat we measure<\/h3>\n\n\n\n
We assess and track potential risks by analysing the political frameworks of the countries in which we operate, and monitoring\/ ensuring:<\/p>\n\n\n\n
\n- Our societal contribution as a responsible corporate citizen<\/li>\n\n\n\n
- The integrity of our value chain, especially local procurement<\/li>\n\n\n\n
- Innovative business and operating model design<\/li>\n\n\n\n
- Leveraging existing capabilities for economic succession<\/li>\n\n\n\n
- Skills development, localisation and talent management<\/li>\n\n\n\n
- Meaningful communication and engagement<\/li>\n<\/ul>\n\n\n\n
A risk-based approach is applied to third party agents and intermediaries, requiring their adherence to AngloGold Ashanti\u2019s anti-bribery and anti-corruption standards and procedures, which includes the disclosure of their payments to government officials. These processes are assessed as part of the site reviews conducted by the compliance team during combined assurance reviews. On a quarterly basis, sites report on payments to the country or regional audit committees. Information is consolidated for reporting to the Serious Concerns Committee.<\/p>\n<\/div>\n\n\n\n
\n\nPayments to government ($m)<\/th> 2024<\/th> 2023<\/th><\/tr><\/thead> Argentina<\/td> 89.6<\/strong><\/td>96.2<\/td><\/tr> Australia<\/td> 173.4<\/strong><\/td>72.1<\/td><\/tr> Brazil<\/td> 103.2<\/strong><\/td>94.1<\/td><\/tr> Colombia<\/td> 6.<\/strong>7<\/td>36.5<\/td><\/tr> DRC<\/td> 129.6<\/strong><\/td>94.3<\/td><\/tr> Ghana<\/td> 174.8<\/strong><\/td>144.5<\/td><\/tr> Guinea<\/td> 76.0<\/strong><\/td>61.4<\/td><\/tr> Tanzania<\/td> 267.4<\/strong><\/td>214.7<\/td><\/tr> USA<\/td> 13.6<\/strong><\/td>18.9<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n<\/div>\n\n\n\nPerformance in 2024<\/h2>\n\n\n\n
Geopolitical risks have the potential to significantly influence economic growth, inflation, financial markets, company performance and supply chains among others. Elections dominated much of the 2024 political stage, with elections in the US, UK, South Africa and Ghana. Tanzania, Guinea (pending successful constitutional referendum) and Australia will hold their presidential and federal elections respectively in 2025. <\/p>\n\n\n\n
The year in review also bore witness to several significant global political shifts, highlighting a world marked by rising nationalism, intensified conflicts, and shifting alliances. Conflict in the Middle East has the potential to impact that region, Africa, the USA and Europe. Persistent and violent extremism in the Sahel region threatens to exacerbate security and cause humanitarian impacts in the region and beyond. The influence of the BRICS alliance (including Brazil, Russia, India, China, and South Africa) continues to grow, particularly after the Kazan summit in Russia. <\/p>\n\n\n\n
Markets initially reacted positively to the incoming US President Trump, with both Dow Jones futures and the Dollar Index seeing a rally. However, increased geopolitical tensions are expected in China, Iran, Ukraine, and Latin America. <\/p>\n\n\n\n
In the DRC, Guinea, and Tanzania, the political landscape remains complex. Stability, economic growth, and effective governance continue to be key priorities for AngloGold Ashanti. <\/p>\n\n\n\n
AngloGold Ashanti adopts a pragmatic, comprehensive approach to managing and mitigating geopolitical risks through transparent, collaborative engagement with the communities and governments in the jurisdictions where we operate. Engagement and collaboration between management, government authorities and community and civil leadership is undertaken in all the jurisdictions in which we operate, and focused multi-stakeholder forums, both internal and external, remain in place to ensure open and honest communication while seeking sustainable solutions to issues raised.<\/p>\n\n\n\n
Delays in Ghana<\/h3>\n\n\n\n
The requisite approvals by the Government of Ghana for the proposed joint venture between Gold Fields\u2019 Tarkwa Mine and AngloGold Ashanti\u2019s Iduapriem Mine, announced in March 2023 have not yet been received. <\/p>\n\n\n\n
AngloGold Ashanti and Gold Fields continue to believe that a combination of the two neighbouring mines into a single managed entity is compelling, given that it is anticipated to extend life of mine, increase production and lower costs, creating value for all stakeholders. In the absence of the requisite approvals from the Government of Ghana and clear timelines for execution of an agreement, Gold Fields and AngloGold Ashanti will maintain engagement in relation to a potential asset combination while separately continuing to pursue improvements to their respective assets<\/p>\n\n\n\n
Engagements in Tanzania<\/h3>\n\n\n\n
Following engagements with the Government of Tanzania, our Special Mining Licence (SML) at Geita was renewed by the Tanzanian Mining Commission in August 2024 for a further period of 15 years.<\/p>\n\n\n\n
Gold Bar Integrity platform<\/h3>\n\n\n\n
<\/figure>\n\n\n\n<\/figure>\n\n\n\n<\/figure>\n\n\n\n<\/figure>\n<\/div>\n<\/div>\n<\/div>\n\n\n\nPrincipal risks<\/h3>\n\n\n\n\n- Adverse regulatory changes to mining rights and adverse fiscal changes<\/li>\n\n\n\n
- Loss of or threats to social licence to operate<\/li>\n\n\n\n
- Inability to meet investor expectations or to mine responsibly (ESG performance)<\/li>\n<\/ul>\n\n\n\n
Disclosure against standards<\/h3>\n\n\n\n\n- SASB EM-MM-510a.2:<\/strong> Production in countries that have the 20 lowest rankings in Transparency International\u2019s Corruption Perception Index<\/li>\n\n\n\n
- GRI 2-27:<\/strong> Compliance with laws and regulations<\/li>\n\n\n\n
- GRI 415-1:<\/strong> Political contributions<\/li>\n\n\n\n
- GRI 14.25:<\/strong> Conflict-affected and high-risk areas<\/li>\n<\/ul>\n<\/div>\n\n\n\n\n<\/span>\n
Our commitment<\/h4>\n\n\n\n
AngloGold Ashanti strives for open, collaborative and mutually respectful relationships with national, regional and local government authorities, founded on integrity and transparency. We remain dedicated to promoting shared value among our operations and stakeholders, particularly those communities in close proximity to our assets.<\/p>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n
\nOur approach<\/h2>\n\n\n\n
In ongoing efforts to navigate political and regulatory uncertainties, building and maintaining trust across stakeholder groups is critical. <\/p>\n\n\n\n
To do this, AngloGold Ashanti demonstrates good citizenship and attempts to proactively manage challenges. We employ a comprehensive approach, and strive to operate within the letter of the law, engage stakeholders, achieve compliance, and meet local employment and procurement commitments. We are guided by the work of other intergovernmental organisations such as the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development and the Organisation for Economic Co-operation and Development (OECD). <\/p>\n\n\n\n
We work alongside stakeholders to co-determine mutually beneficial initiatives and outcomes. This includes collaborative efforts with community leaders, national and local governments, and civil society organisations. <\/p>\n\n\n\n
We engage on an ongoing basis with communities and governments, with a focus on competency, value creation and sharing, which, along with co-creating solutions with communities, are key strategies to maintain and increase trust levels. <\/p>\n\n\n\n
We actively support government-backed initiatives aimed at formalising ASM in Guinea, Tanzania, Ghana, and Colombia. <\/p>\n\n\n\n
AngloGold Ashanti actively supports the EITI. This underscores our belief that earning and sustaining our social licence to operate necessitates partnerships with government and community stakeholders in our operational countries, contributing to their long-term sustainability. <\/p>\n\n\n\n
Our tax strategy, which is approved by the Board, articulates our commitment to contributing tax revenues to the economies of the nations where we conduct business and our adherence to transparent tax management practices. Our approach aligns with the ICMM\u2019s Mining Principles and incorporates the organisation’s updated position statement on the transparency of mineral revenues<\/p>\n\n\n\n
\n\nWhat we measure<\/h3>\n\n\n\n
We assess and track potential risks by analysing the political frameworks of the countries in which we operate, and monitoring\/ ensuring:<\/p>\n\n\n\n
\n- Our societal contribution as a responsible corporate citizen<\/li>\n\n\n\n
- The integrity of our value chain, especially local procurement<\/li>\n\n\n\n
- Innovative business and operating model design<\/li>\n\n\n\n
- Leveraging existing capabilities for economic succession<\/li>\n\n\n\n
- Skills development, localisation and talent management<\/li>\n\n\n\n
- Meaningful communication and engagement<\/li>\n<\/ul>\n\n\n\n
A risk-based approach is applied to third party agents and intermediaries, requiring their adherence to AngloGold Ashanti\u2019s anti-bribery and anti-corruption standards and procedures, which includes the disclosure of their payments to government officials. These processes are assessed as part of the site reviews conducted by the compliance team during combined assurance reviews. On a quarterly basis, sites report on payments to the country or regional audit committees. Information is consolidated for reporting to the Serious Concerns Committee.<\/p>\n<\/div>\n\n\n\n
\n\nPayments to government ($m)<\/th> 2024<\/th> 2023<\/th><\/tr><\/thead> Argentina<\/td> 89.6<\/strong><\/td>96.2<\/td><\/tr> Australia<\/td> 173.4<\/strong><\/td>72.1<\/td><\/tr> Brazil<\/td> 103.2<\/strong><\/td>94.1<\/td><\/tr> Colombia<\/td> 6.<\/strong>7<\/td>36.5<\/td><\/tr> DRC<\/td> 129.6<\/strong><\/td>94.3<\/td><\/tr> Ghana<\/td> 174.8<\/strong><\/td>144.5<\/td><\/tr> Guinea<\/td> 76.0<\/strong><\/td>61.4<\/td><\/tr> Tanzania<\/td> 267.4<\/strong><\/td>214.7<\/td><\/tr> USA<\/td> 13.6<\/strong><\/td>18.9<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n<\/div>\n\n\n\nPerformance in 2024<\/h2>\n\n\n\n
Geopolitical risks have the potential to significantly influence economic growth, inflation, financial markets, company performance and supply chains among others. Elections dominated much of the 2024 political stage, with elections in the US, UK, South Africa and Ghana. Tanzania, Guinea (pending successful constitutional referendum) and Australia will hold their presidential and federal elections respectively in 2025. <\/p>\n\n\n\n
The year in review also bore witness to several significant global political shifts, highlighting a world marked by rising nationalism, intensified conflicts, and shifting alliances. Conflict in the Middle East has the potential to impact that region, Africa, the USA and Europe. Persistent and violent extremism in the Sahel region threatens to exacerbate security and cause humanitarian impacts in the region and beyond. The influence of the BRICS alliance (including Brazil, Russia, India, China, and South Africa) continues to grow, particularly after the Kazan summit in Russia. <\/p>\n\n\n\n
Markets initially reacted positively to the incoming US President Trump, with both Dow Jones futures and the Dollar Index seeing a rally. However, increased geopolitical tensions are expected in China, Iran, Ukraine, and Latin America. <\/p>\n\n\n\n
In the DRC, Guinea, and Tanzania, the political landscape remains complex. Stability, economic growth, and effective governance continue to be key priorities for AngloGold Ashanti. <\/p>\n\n\n\n
AngloGold Ashanti adopts a pragmatic, comprehensive approach to managing and mitigating geopolitical risks through transparent, collaborative engagement with the communities and governments in the jurisdictions where we operate. Engagement and collaboration between management, government authorities and community and civil leadership is undertaken in all the jurisdictions in which we operate, and focused multi-stakeholder forums, both internal and external, remain in place to ensure open and honest communication while seeking sustainable solutions to issues raised.<\/p>\n\n\n\n
Delays in Ghana<\/h3>\n\n\n\n
The requisite approvals by the Government of Ghana for the proposed joint venture between Gold Fields\u2019 Tarkwa Mine and AngloGold Ashanti\u2019s Iduapriem Mine, announced in March 2023 have not yet been received. <\/p>\n\n\n\n
AngloGold Ashanti and Gold Fields continue to believe that a combination of the two neighbouring mines into a single managed entity is compelling, given that it is anticipated to extend life of mine, increase production and lower costs, creating value for all stakeholders. In the absence of the requisite approvals from the Government of Ghana and clear timelines for execution of an agreement, Gold Fields and AngloGold Ashanti will maintain engagement in relation to a potential asset combination while separately continuing to pursue improvements to their respective assets<\/p>\n\n\n\n
Engagements in Tanzania<\/h3>\n\n\n\n
Following engagements with the Government of Tanzania, our Special Mining Licence (SML) at Geita was renewed by the Tanzanian Mining Commission in August 2024 for a further period of 15 years.<\/p>\n\n\n\n
Gold Bar Integrity platform<\/h3>\n\n\n\n
Disclosure against standards<\/h3>\n\n\n\n\n- SASB EM-MM-510a.2:<\/strong> Production in countries that have the 20 lowest rankings in Transparency International\u2019s Corruption Perception Index<\/li>\n\n\n\n
- GRI 2-27:<\/strong> Compliance with laws and regulations<\/li>\n\n\n\n
- GRI 415-1:<\/strong> Political contributions<\/li>\n\n\n\n
- GRI 14.25:<\/strong> Conflict-affected and high-risk areas<\/li>\n<\/ul>\n<\/div>\n\n\n\n\n<\/span>\n
Our commitment<\/h4>\n\n\n\n
AngloGold Ashanti strives for open, collaborative and mutually respectful relationships with national, regional and local government authorities, founded on integrity and transparency. We remain dedicated to promoting shared value among our operations and stakeholders, particularly those communities in close proximity to our assets.<\/p>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n
\nOur approach<\/h2>\n\n\n\n
In ongoing efforts to navigate political and regulatory uncertainties, building and maintaining trust across stakeholder groups is critical. <\/p>\n\n\n\n
To do this, AngloGold Ashanti demonstrates good citizenship and attempts to proactively manage challenges. We employ a comprehensive approach, and strive to operate within the letter of the law, engage stakeholders, achieve compliance, and meet local employment and procurement commitments. We are guided by the work of other intergovernmental organisations such as the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development and the Organisation for Economic Co-operation and Development (OECD). <\/p>\n\n\n\n
We work alongside stakeholders to co-determine mutually beneficial initiatives and outcomes. This includes collaborative efforts with community leaders, national and local governments, and civil society organisations. <\/p>\n\n\n\n
We engage on an ongoing basis with communities and governments, with a focus on competency, value creation and sharing, which, along with co-creating solutions with communities, are key strategies to maintain and increase trust levels. <\/p>\n\n\n\n
We actively support government-backed initiatives aimed at formalising ASM in Guinea, Tanzania, Ghana, and Colombia. <\/p>\n\n\n\n
AngloGold Ashanti actively supports the EITI. This underscores our belief that earning and sustaining our social licence to operate necessitates partnerships with government and community stakeholders in our operational countries, contributing to their long-term sustainability. <\/p>\n\n\n\n
Our tax strategy, which is approved by the Board, articulates our commitment to contributing tax revenues to the economies of the nations where we conduct business and our adherence to transparent tax management practices. Our approach aligns with the ICMM\u2019s Mining Principles and incorporates the organisation’s updated position statement on the transparency of mineral revenues<\/p>\n\n\n\n
\n\nWhat we measure<\/h3>\n\n\n\n
We assess and track potential risks by analysing the political frameworks of the countries in which we operate, and monitoring\/ ensuring:<\/p>\n\n\n\n
\n- Our societal contribution as a responsible corporate citizen<\/li>\n\n\n\n
- The integrity of our value chain, especially local procurement<\/li>\n\n\n\n
- Innovative business and operating model design<\/li>\n\n\n\n
- Leveraging existing capabilities for economic succession<\/li>\n\n\n\n
- Skills development, localisation and talent management<\/li>\n\n\n\n
- Meaningful communication and engagement<\/li>\n<\/ul>\n\n\n\n
A risk-based approach is applied to third party agents and intermediaries, requiring their adherence to AngloGold Ashanti\u2019s anti-bribery and anti-corruption standards and procedures, which includes the disclosure of their payments to government officials. These processes are assessed as part of the site reviews conducted by the compliance team during combined assurance reviews. On a quarterly basis, sites report on payments to the country or regional audit committees. Information is consolidated for reporting to the Serious Concerns Committee.<\/p>\n<\/div>\n\n\n\n
\n\nPayments to government ($m)<\/th> 2024<\/th> 2023<\/th><\/tr><\/thead> Argentina<\/td> 89.6<\/strong><\/td>96.2<\/td><\/tr> Australia<\/td> 173.4<\/strong><\/td>72.1<\/td><\/tr> Brazil<\/td> 103.2<\/strong><\/td>94.1<\/td><\/tr> Colombia<\/td> 6.<\/strong>7<\/td>36.5<\/td><\/tr> DRC<\/td> 129.6<\/strong><\/td>94.3<\/td><\/tr> Ghana<\/td> 174.8<\/strong><\/td>144.5<\/td><\/tr> Guinea<\/td> 76.0<\/strong><\/td>61.4<\/td><\/tr> Tanzania<\/td> 267.4<\/strong><\/td>214.7<\/td><\/tr> USA<\/td> 13.6<\/strong><\/td>18.9<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n<\/div>\n\n\n\nPerformance in 2024<\/h2>\n\n\n\n
Geopolitical risks have the potential to significantly influence economic growth, inflation, financial markets, company performance and supply chains among others. Elections dominated much of the 2024 political stage, with elections in the US, UK, South Africa and Ghana. Tanzania, Guinea (pending successful constitutional referendum) and Australia will hold their presidential and federal elections respectively in 2025. <\/p>\n\n\n\n
The year in review also bore witness to several significant global political shifts, highlighting a world marked by rising nationalism, intensified conflicts, and shifting alliances. Conflict in the Middle East has the potential to impact that region, Africa, the USA and Europe. Persistent and violent extremism in the Sahel region threatens to exacerbate security and cause humanitarian impacts in the region and beyond. The influence of the BRICS alliance (including Brazil, Russia, India, China, and South Africa) continues to grow, particularly after the Kazan summit in Russia. <\/p>\n\n\n\n
Markets initially reacted positively to the incoming US President Trump, with both Dow Jones futures and the Dollar Index seeing a rally. However, increased geopolitical tensions are expected in China, Iran, Ukraine, and Latin America. <\/p>\n\n\n\n
In the DRC, Guinea, and Tanzania, the political landscape remains complex. Stability, economic growth, and effective governance continue to be key priorities for AngloGold Ashanti. <\/p>\n\n\n\n
AngloGold Ashanti adopts a pragmatic, comprehensive approach to managing and mitigating geopolitical risks through transparent, collaborative engagement with the communities and governments in the jurisdictions where we operate. Engagement and collaboration between management, government authorities and community and civil leadership is undertaken in all the jurisdictions in which we operate, and focused multi-stakeholder forums, both internal and external, remain in place to ensure open and honest communication while seeking sustainable solutions to issues raised.<\/p>\n\n\n\n
Delays in Ghana<\/h3>\n\n\n\n
The requisite approvals by the Government of Ghana for the proposed joint venture between Gold Fields\u2019 Tarkwa Mine and AngloGold Ashanti\u2019s Iduapriem Mine, announced in March 2023 have not yet been received. <\/p>\n\n\n\n
AngloGold Ashanti and Gold Fields continue to believe that a combination of the two neighbouring mines into a single managed entity is compelling, given that it is anticipated to extend life of mine, increase production and lower costs, creating value for all stakeholders. In the absence of the requisite approvals from the Government of Ghana and clear timelines for execution of an agreement, Gold Fields and AngloGold Ashanti will maintain engagement in relation to a potential asset combination while separately continuing to pursue improvements to their respective assets<\/p>\n\n\n\n
Engagements in Tanzania<\/h3>\n\n\n\n
Following engagements with the Government of Tanzania, our Special Mining Licence (SML) at Geita was renewed by the Tanzanian Mining Commission in August 2024 for a further period of 15 years.<\/p>\n\n\n\n
Gold Bar Integrity platform<\/h3>\n\n\n\n
Our commitment<\/h4>\n\n\n\n
AngloGold Ashanti strives for open, collaborative and mutually respectful relationships with national, regional and local government authorities, founded on integrity and transparency. We remain dedicated to promoting shared value among our operations and stakeholders, particularly those communities in close proximity to our assets.<\/p>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n
Our approach<\/h2>\n\n\n\n
In ongoing efforts to navigate political and regulatory uncertainties, building and maintaining trust across stakeholder groups is critical. <\/p>\n\n\n\n
To do this, AngloGold Ashanti demonstrates good citizenship and attempts to proactively manage challenges. We employ a comprehensive approach, and strive to operate within the letter of the law, engage stakeholders, achieve compliance, and meet local employment and procurement commitments. We are guided by the work of other intergovernmental organisations such as the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development and the Organisation for Economic Co-operation and Development (OECD). <\/p>\n\n\n\n
We work alongside stakeholders to co-determine mutually beneficial initiatives and outcomes. This includes collaborative efforts with community leaders, national and local governments, and civil society organisations. <\/p>\n\n\n\n
We engage on an ongoing basis with communities and governments, with a focus on competency, value creation and sharing, which, along with co-creating solutions with communities, are key strategies to maintain and increase trust levels. <\/p>\n\n\n\n
We actively support government-backed initiatives aimed at formalising ASM in Guinea, Tanzania, Ghana, and Colombia. <\/p>\n\n\n\n
AngloGold Ashanti actively supports the EITI. This underscores our belief that earning and sustaining our social licence to operate necessitates partnerships with government and community stakeholders in our operational countries, contributing to their long-term sustainability. <\/p>\n\n\n\n
Our tax strategy, which is approved by the Board, articulates our commitment to contributing tax revenues to the economies of the nations where we conduct business and our adherence to transparent tax management practices. Our approach aligns with the ICMM\u2019s Mining Principles and incorporates the organisation’s updated position statement on the transparency of mineral revenues<\/p>\n\n\n\n
What we measure<\/h3>\n\n\n\n
We assess and track potential risks by analysing the political frameworks of the countries in which we operate, and monitoring\/ ensuring:<\/p>\n\n\n\n
- \n
- Our societal contribution as a responsible corporate citizen<\/li>\n\n\n\n
- The integrity of our value chain, especially local procurement<\/li>\n\n\n\n
- Innovative business and operating model design<\/li>\n\n\n\n
- Leveraging existing capabilities for economic succession<\/li>\n\n\n\n
- Skills development, localisation and talent management<\/li>\n\n\n\n
- Meaningful communication and engagement<\/li>\n<\/ul>\n\n\n\n
A risk-based approach is applied to third party agents and intermediaries, requiring their adherence to AngloGold Ashanti\u2019s anti-bribery and anti-corruption standards and procedures, which includes the disclosure of their payments to government officials. These processes are assessed as part of the site reviews conducted by the compliance team during combined assurance reviews. On a quarterly basis, sites report on payments to the country or regional audit committees. Information is consolidated for reporting to the Serious Concerns Committee.<\/p>\n<\/div>\n\n\n\n
\n\n
\n Payments to government ($m)<\/th> 2024<\/th> 2023<\/th><\/tr><\/thead> Argentina<\/td> 89.6<\/strong><\/td> 96.2<\/td><\/tr> Australia<\/td> 173.4<\/strong><\/td> 72.1<\/td><\/tr> Brazil<\/td> 103.2<\/strong><\/td> 94.1<\/td><\/tr> Colombia<\/td> 6.<\/strong>7<\/td> 36.5<\/td><\/tr> DRC<\/td> 129.6<\/strong><\/td> 94.3<\/td><\/tr> Ghana<\/td> 174.8<\/strong><\/td> 144.5<\/td><\/tr> Guinea<\/td> 76.0<\/strong><\/td> 61.4<\/td><\/tr> Tanzania<\/td> 267.4<\/strong><\/td> 214.7<\/td><\/tr> USA<\/td> 13.6<\/strong><\/td> 18.9<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n<\/div>\n\n\n\n Performance in 2024<\/h2>\n\n\n\n
Geopolitical risks have the potential to significantly influence economic growth, inflation, financial markets, company performance and supply chains among others. Elections dominated much of the 2024 political stage, with elections in the US, UK, South Africa and Ghana. Tanzania, Guinea (pending successful constitutional referendum) and Australia will hold their presidential and federal elections respectively in 2025. <\/p>\n\n\n\n
The year in review also bore witness to several significant global political shifts, highlighting a world marked by rising nationalism, intensified conflicts, and shifting alliances. Conflict in the Middle East has the potential to impact that region, Africa, the USA and Europe. Persistent and violent extremism in the Sahel region threatens to exacerbate security and cause humanitarian impacts in the region and beyond. The influence of the BRICS alliance (including Brazil, Russia, India, China, and South Africa) continues to grow, particularly after the Kazan summit in Russia. <\/p>\n\n\n\n
Markets initially reacted positively to the incoming US President Trump, with both Dow Jones futures and the Dollar Index seeing a rally. However, increased geopolitical tensions are expected in China, Iran, Ukraine, and Latin America. <\/p>\n\n\n\n
In the DRC, Guinea, and Tanzania, the political landscape remains complex. Stability, economic growth, and effective governance continue to be key priorities for AngloGold Ashanti. <\/p>\n\n\n\n
AngloGold Ashanti adopts a pragmatic, comprehensive approach to managing and mitigating geopolitical risks through transparent, collaborative engagement with the communities and governments in the jurisdictions where we operate. Engagement and collaboration between management, government authorities and community and civil leadership is undertaken in all the jurisdictions in which we operate, and focused multi-stakeholder forums, both internal and external, remain in place to ensure open and honest communication while seeking sustainable solutions to issues raised.<\/p>\n\n\n\n
Delays in Ghana<\/h3>\n\n\n\n
The requisite approvals by the Government of Ghana for the proposed joint venture between Gold Fields\u2019 Tarkwa Mine and AngloGold Ashanti\u2019s Iduapriem Mine, announced in March 2023 have not yet been received. <\/p>\n\n\n\n
AngloGold Ashanti and Gold Fields continue to believe that a combination of the two neighbouring mines into a single managed entity is compelling, given that it is anticipated to extend life of mine, increase production and lower costs, creating value for all stakeholders. In the absence of the requisite approvals from the Government of Ghana and clear timelines for execution of an agreement, Gold Fields and AngloGold Ashanti will maintain engagement in relation to a potential asset combination while separately continuing to pursue improvements to their respective assets<\/p>\n\n\n\n
Engagements in Tanzania<\/h3>\n\n\n\n
Following engagements with the Government of Tanzania, our Special Mining Licence (SML) at Geita was renewed by the Tanzanian Mining Commission in August 2024 for a further period of 15 years.<\/p>\n\n\n\n
Gold Bar Integrity platform<\/h3>\n\n\n\n
![\"\"](\"https:\/\/reports.anglogoldashanti.com\/24\/wp-content\/uploads\/2025\/02\/Geopolitica_no2_v3.png\")