

The past year represented a milestone year for AngloGold Ashanti – one in which we believe we delivered on a number of restructuring commitments that have positioned us well as we look to the future.
The year 2008, my first full year in office as CEO of AngloGold Ashanti, has been both eventful and fulfilling.
There were three key financial challenges that faced AngloGold Ashanti during 2008.
AngloGold Ashanti has produced a suite of complementary reports to communicate on all aspects of its operating and financial performance for the year 1 January 2008 to 31 December 2008.
Headquartered in Johannesburg, South Africa, the company has 21 operations and a number of exploration programmes in both the established and new gold-producing regions of the world.
AngloGold Ashanti’s core business is the production of gold by exploring for, and mining and processing gold orebodies.
Gold accounts for 98% of AngloGold Ashanti's revenue from product sales on international markets.
Total exploration expenditure in 2008 amounted to $183 million, of which $77 million was spent on greenfield exploration, $86 million on brownfield exploration and the balance of $20 million on pre-feasibility studies.
In late 2007, AngloGold Ashanti embarked on a consultative process to review the company’s vision, mission and values
ANGLOGOLD ASHANTI Annual Financial Statements 2008