Anglogold Ashanti Limited
ASX:AGG ISIN:AU000000AGG7
AngloGold Ashanti produced 5.5 million ounces of gold in 2007 - an estimated 7% of global production - making it the third largest producer in the world. The bulk of its production came from deep level underground operations (40%) and surface operations (3%) in South Africa. Contributions from other countries were Ghana (10%), Mali (8%), Australia (11%), Brazil (7%), Tanzania (6%), USA (5%), Guinea (5%), Argentina (4%) and Namibia (1%). Today, AngloGold Ashanti has 20 operations located in 10 countries on four continents, together with a substantial project pipeline and a focused, global exploration programme. AngloGold Ashanti currently operates in South Africa, Argentina, Australia, Brazil, Ghana, the Republic of Guinea, Mali, Namibia, Tanzania and the United States.
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News
In the midst of the global financial crisis, the US mining industry and the energy resource sector continues to outperform the market and remains as an investment hotspot for many institutional investors from Asia.
The Australian share market yesterday closed around 3% higher. The benchmark S&P/ASX200 index was up 101.3 points, or 3.03 per cent, at 3444, while the broader All Ordinaries index lifted 92 points, or 2.79 per cent, to 3392.3. With the positive lead of Wall St. the market is expected to continue its upward movement today.
Two gold companies involved in the development of the Tropicana project north of Kalgoorlie in Western Australia have tied for the honour of the gold sector's top explorer in 2006.
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