AU
- AngloGold Ashanti Limited
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Overview
Company Summary
AngloGold Ashanti Limited, often referred to as AngloGold, is a global mining company primarily involved in the extraction, production, and sale of gold. Founded in 2004 and headquartered in Johannesburg, South Africa, AngloGold operates mines across four continents and is one of the world's leading gold mining companies.
The company's main activity is the exploration and extraction of gold ore from underground and open-pit mines. AngloGold utilizes various techniques and technologies to identify areas rich in gold deposits and subsequently extract the ore. This involves drilling, blasting, and excavation to obtain the gold-bearing rock.
Once the ore is extracted, it undergoes processing to separate the gold from other minerals and impurities. This process entails crushing the ore into smaller particles, followed by chemical treatments such as cyanide leaching or flotation to extract the gold. The extracted gold then undergoes further refining to increase its purity and ensure it meets market standards.
In addition to gold mining and production, AngloGold Ashanti also engages in exploration activities to discover new gold deposits. Exploration involves evaluating the geological potential of a particular area through geophysical surveys, drilling test holes, and analyzing core samples to determine the presence of economically viable gold reserves.
Furthermore, AngloGold is involved in the sale and marketing of gold. The company sells the extracted gold in various forms, including gold bars, gold dor� (a semi-pure alloy), and gold concentrate. These products are primarily sold to jewelry manufacturers, bullion banks, central banks, and other entities involved in the gold industry.
Overall, as a prominent player in the global gold market, AngloGold Ashanti's core activities revolve around gold exploration, mining, production, and sale. The company's operations span multiple countries, contributing to the supply of gold to meet global demand.