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2 Key indicators 

  • Formal social investment/community development programmes are in place at all operations. These are overseen by a group social development manager, and reported to the board committee on safety, health and sustainable development on a quarterly basis
  • Social investment and community expenditure amounted to $7.429 million in 2004. Since social investment and community initiatives often also form part of the operating budgets, expenditure may be under-reported.
  • The board committee on safety, health and sustainable development ratified the adoption of the International Finance Corporation's (IFC) Resettlement Policies, Guidelines and Standards for implementation at all managed operations and joint ventures. (See resettlement policy statement below).
Social investment spending per region in 2004
Region ($ 000)
South Africa  
   Corporate office 1,143
   AngloGold Ashanti Fund 2,519
   Operational expenditure 146
Ghana 635
Tanzania 808
Mali 622
Guinea 199
Namibia 257
South America (Brazil and Argentina) 727
USA 245
Australia 128
Total 7,429

Note: Community issues form an integral part of the responsibility of the safety, health and sustainable development committee of the board. While the group's social investment initiatives stretch back over many years, the group is in the process of more effectively integrating the management of these activities. While the Board committee receives a formal update of activities on a quarterly basis, the requisite systems are not yet in place that allow for a meaningful level of assurance of these activities. This was exacerbated by the integration of the Ashanti operations during the year. It should be noted though that the expenditure at an operational level forms part of an annual financial audit of operations and that the AngloGold Ashanti Fund (which represents the majority of social responsibility spending by the group) is independently audited. Also, many of the projects supported are themselves audited on an individual basis.

Resettlement policy for AngloGold Ashanti

Policy objective

The objective of the policy is to provide good practice operational guidance with regard to the resettlement of involuntary displaced communities in line with our existing business principles.

AngloGold Ashanti's existing Business Principle on land usage states:

We will seek to acquire and use land in a way which promotes the broadest possible consensus amongst interested people. Where involuntary resettlement is unavoidable, we will abide by appropriate guidelines for resettlement, where they exist, and in any event will work with the local communities to develop workable plans for any resettlement which may be necessary.

Policy approval, applicability and review

The International Finance Corporation's Resettlement Policies, Guidelines and Standards.

Our aim is to avoid involuntary resettlement to the extent feasible, or to minimise and mitigate its adverse social and economic impacts, where no other options exist. The IFC's policies, guidelines and standards on Involuntary Resettlement promote participation of displaced people in resettlement planning and implementation, and its key economic objective is to assist displaced persons in their efforts to improve or at least restore their incomes and standards of living after displacement. It goes on to prescribe compensation and other resettlement measures to achieve its objectives.

Accordingly, these policies, guidelines and standards have been formally adopted for implementation at all managed operations, including joint ventures.

The policy will be reviewed as necessary, including any time that the IFC makes changes.

Actions stemming from the policy

In line with the spirit of our business principles and in keeping with best practice, AngloGold Ashanti will seek to avoid relocation where possible. And where evidence that relocation is unavoidably required by a project, it will take place in accordance with our business principles, local legislation and the IFC's policies, guidelines and standards on Involuntary Resettlement. Where such resettlement takes place under specific, current, local legislation, the local legislation will take precedence.

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Report to Society 2004