In 2007, the seven AngloGold Ashanti operations in South Africa employed around 37,000 people (including contractors) and produced 2.3 million ounces of gold, equivalent to 43% of group production. At year-end, South African ore reserves totalled 33.9 million ounces. These operations contributed $403 million to group adjusted gross profit.
| 2007 | 2006 | % change | ||
|---|---|---|---|---|
| Production | (000 oz) | 2,328 | 2,554 | (9) |
| Total cash costs | ($/oz) | 343 | 285 | 20 |
| Capital expenditure | ($m) | 361 | 313 | 15 |
Outside of South Africa, AngloGold Ashanti has eight gold mining operations in Africa – in Ghana, Guinea, Mali, Namibia and Tanzania – which combined employed 16,000 people (including contractors) and produced a total of 1.7 million ounces, equivalent to 30% of group output. Ore reserves at these operations amounted to 22.5 million ounces at year-end. Together, these operations contributed $128 million to group adjusted gross profit.
| 2007 | 2006 | % change | ||
|---|---|---|---|---|
| Production | (000 oz) | 1,655 | 1,779 | (7) |
| Total cash costs | ($/oz) | 425 | 375 | 13 |
| Capital expenditure | ($m) | 182 | 191 | (6) |
AngloGold Ashanti has three gold mining operations in South America – two in Brazil and one in Argentina – which combined employed around 5,400 people (including contractors) and produced a total of 600,000 ounces, equivalent to 11% of group output. Ore reserves at these operations amounted to 4.8 million ounces at year-end. Together, these operations contributed $189 million to group adjusted gross profit.
| 2007 | 2006 | % change | ||
|---|---|---|---|---|
| Production | (000 oz) | 612 | 554 | 10 |
| Total cash costs | ($/oz) | 262 | 221 | 19 |
| Capital expenditure | ($m) | 162 | 205 | (21) |
AngloGold Ashanti has one operating gold mine in Australia and interests in two joint ventures, Boddington and Tropicana. In all, some 800 people (including contractors) are employed and a record of 600,000 ounces, equivalent to 11% of group output, was produced. Ore reserves amounted to 7.2 million ounces at year-end. The Australian operations contributed $137 million to group adjusted gross profit.
| 2007 | 2006 | % change | ||
|---|---|---|---|---|
| Production | (000 oz) | 600 | 465 | 29 |
| Total cash costs | ($/oz) | 306 | 298 | 3 |
| Capital expenditure | ($m) | 281 | 86 | 227 |
AngloGold Ashanti has one operating gold mine in the United States which employed some 400 people (including contractors) and produced around 300,000 ounces, equivalent to 5% of group output. Ore reserves amounted to 4.8 million ounces at year-end. This operation contributed $74 million to group adjusted gross profit.
| 2007 | 2006 | % change | ||
|---|---|---|---|---|
| Production | (000 oz) | 282 | 283 | (0.5) |
| Total cash costs | ($/oz) | 269 | 248 | 8 |
| Capital expenditure | ($m) | 23 | 13 | 77 |
AngloGold Ashanti Annual Report 2007 – Annual Financial Statements