AngloGold Ashanti : Form SD - Specialised Disclosure Report PDF , 62.1kb

Published: 2025-05-29 06:24:04 ET AU

Published on 05/29/2025 at 06:24

(Exact name of the registrant as specified in its charter)

(State or other jurisdiction of incorporation or organization) (Commission File Number)

(Address of principle executive offices) (Zip code)

(Name and telephone number, including area code, of the person to contact in connection with this report.)

Check the appropriate box to indicate the rule pursuant to which this Form is being submitted, and provide the period to which the information in this Form applies:

X Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2024.

Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended .

This specialised disclosure report on Form SD is filed by AngloGold Ashanti plc ("AngloGold Ashanti", "AGA", the "Company", "Group", "us" or "we") pursuant to Rule 13p-1 under the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act") and is also available on the AGA website at https://www.anglogoldashanti.com. No material on the AGA website forms any part of, or is incorporated by reference into, this specialised disclosure report on Form SD. References herein to the Company's website shall not be deemed to cause such incorporation.

The Group was initially formed in June 1998 with the consolidation of the gold mining interests of Anglo American plc and it underwent a business combination with Ashanti Goldfields Company Limited in April 2004. In September 2023, the Group completed a corporate restructuring whereby its operations were reorganised under a new parent company, AngloGold Ashanti plc, incorporated in England and Wales and tax resident in the United Kingdom, with a primary listing of its ordinary shares on the New York Stock Exchange (NYSE). Upon completion of the corporate restructuring, AngloGold Ashanti plc became the listed UK parent company of the Group and the successor issuer to AngloGold Ashanti Limited. The previous South African parent company of the Group, AngloGold Ashanti Limited, became a direct, wholly-owned subsidiary of AngloGold Ashanti plc and was renamed AngloGold Ashanti (Pty) Ltd. AngloGold Ashanti Holdings plc, the Isle of Man company holding all of the Group's operations and assets located outside South Africa, also became a direct, wholly-owned subsidiary of AngloGold Ashanti plc.

AngloGold Ashanti plc (Registration No. 14654651; LEI No. 2138005YDSA7A82RNU96) was incorporated as a private limited company under the laws of England and Wales on 10 February 2023 and was re-registered as a public limited company and changed its name to AngloGold Ashanti plc on 22 June 2023 for the purposes of carrying out the corporate restructuring. On 25 September 2023, upon completion of the corporate restructuring, AngloGold Ashanti plc became the parent company of the Group. The Company operates under the UK Companies Act 2006, as amended.

The Company's legal and commercial name is AngloGold Ashanti plc. Its registered office is located at 4th Floor, Communications House, South Street, Staines-upon-Thames, Surrey, TW18 4PR, United Kingdom. The Company's principal executive office is located at 4thFloor, Communications House, South Street, Staines-upon-Thames, Surrey, TW18 4PR, United Kingdom. The Group's global headquarters are located at 6363 S. Fiddlers Green Circle, Suite 1000, Greenwood Village, CO 80111, United States of America. AngloGold Ashanti's agent for service of process in the United States is AngloGold Ashanti North America Inc., 6363 S. Fiddlers Green Circle, Suite 1000, Greenwood Village, CO 80111, United States of America. The general telephone number is

+44 (0) 203 968 3320 and the internet address is https://www.anglogoldashanti.com. No material on the AGA website forms any part of, or is incorporated by reference into, this specialised disclosure report on Form SD. References herein to the Company's website shall not be deemed to cause such incorporation.

While AngloGold Ashanti's primary listing is on the New York Stock Exchange (NYSE), the Company also maintains secondary listings on the Johannesburg Stock Exchange (JSE) and A2X Market (A2X) in South Africa and the Ghana Stock Exchange (GSE) in Ghana.

AngloGold Ashanti plc (AngloGold Ashanti) is an independent, global gold mining company with a diverse portfolio of operations, projects and exploration activities across 10 countries on four continents. While gold is our principal product, we also produce silver (Argentina) and sulphuric acid (Brazil) as by-products. We have projects in Colombia, including the Quebradona mine that is expected to produce both gold and copper, and in the United States where we are also continuing exploration activities. The Group is headquartered in Denver, Colorado in the United States. The Company's registered office and principal executive office are located in the United Kingdom. The Group also retains a substantial corporate office in Johannesburg, South Africa.

AngloGold Ashanti's main product is gold. Once mined, the gold ore is processed into doré (unrefined gold bars) on site and then dispatched to precious metals refineries for refining to a purity of at least 99.5 percent, in accordance with the standards of 'good delivery' as determined by the London Bullion Market Association (LBMA). This refined gold is then sold directly to bullion banks.

The Company's doré is refined at refineries not controlled by AngloGold Ashanti (including Rand Refinery (Pty) Limited in South Africa, The Perth Mint Refinery in Australia as well as MKS PAMP SA and Argor-Heraeus SA in Switzerland), except for its operations in Brazil where AngloGold Ashanti operates the wholly-owned Queiroz metallurgical plant (the "Queiroz Plant"). While the main activity of the Queiroz Plant consists of the processing of gold concentrate, it also includes a refinery (the "Queiroz Refinery"). As a result, the only product manufactured by AngloGold Ashanti which contains a mineral potentially affected by conflict, specifically gold, is refined gold produced by AngloGold Ashanti at the Queiroz Refinery, which is part of its wholly-owned Queiroz Plant in Brazil.

The Queiroz Plant has been a member of the "London Good Delivery Gold List" since March 1986. During 2024, the Queiroz Refinery manufactured refined gold from doré supplied by the AngloGold Ashanti operations in Brazil. Furthermore, during 2024, certain gold and gold-bearing material supplied by Jaguar Mining Inc., an Ontario corporation listed on the Toronto Stock Exchange (TSX) ("Jaguar Mining"), from its Brazilian operations was also processed and treated at the Queiroz Plant (including the Queiroz Refinery). No gold or gold-bearing material was supplied to the Queiroz Refinery by any of AngloGold Ashanti's operations in Africa or any non-Brazilian operations of Jaguar Mining.

By-products of our gold mining operations, often a function of local geological characteristics, include silver in Argentina and sulphuric acid in Brazil.

We have developed a high-quality, well-diversified asset portfolio, including production from 11 operations in eight countries (Argentina, Australia, Brazil, the Democratic Republic of the Congo ("DRC"), Egypt, Ghana, Guinea and Tanzania) supported by greenfields projects in the United States and Colombia. We also have a focused global exploration programme. Our portfolio comprises long-life, operating assets with differing ore body types, located in key gold-producing regions around the world.

Our operations and projects are grouped regionally as follows:

Africa (DRC, Egypt, Ghana, Guinea and Tanzania);

Americas (Argentina and Brazil, and projects in the United States and Colombia); and

Australia (Australia).

On 1 May 2025, AngloGold Ashanti completed the sale of the Doropo project and the Archean-Birimian Contact ("ABC") project in Côte d'Ivoire, both of which had been acquired by the Company as part of the acquisition of Centamin plc on 22 November 2024.

The U.S. Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 and rules promulgated thereunder by the U.S. Securities and Exchange Commission (the "SEC") impose certain reporting obligations on public companies that manufacture or contract to manufacture products containing columbite-tantalite (coltan), cassiterite, gold, wolframite or their derivatives, which are limited to tantalum, tin and tungsten (unless the Secretary of State determines that additional derivatives are financing conflict in the DRC or an adjoining country ("Covered Countries")) or any other mineral or its derivatives determined by the Secretary of State to be financing conflict in the Covered Countries ("Conflict Minerals") that may have originated in the Covered Countries. Under the SEC rules, if any Conflict Minerals are necessary to the functionality or production of a product manufactured by us or contracted by us to be manufactured, we must conduct in good faith a reasonable country of origin inquiry regarding those Conflict Minerals that is reasonably designed to determine whether (a) any of the Conflict Minerals originated in the Covered Countries or (b) are from recycled or scrap sources, as defined by paragraph (d)(6) of Item 1.01 of Form SD.

The SEC does not consider an issuer that mines or contracts to mine Conflict Minerals to be manufacturing or contracting to manufacture those minerals, unless the issuer also engages in manufacturing, whether directly or indirectly through contract, in addition to mining. AngloGold Ashanti, as a consequence of its refinery operation at the Queiroz Refinery, which is part of the Queiroz Plant in Brazil, engages in manufacturing in addition to mining. However, other than with respect to the Queiroz Refinery, AngloGold Ashanti does not believe any of its other operations constitute manufacturing.

Gold mining can have a beneficial impact on the areas where it is conducted. Mined and traded responsibly, gold can help alleviate poverty of individuals, contribute to the economic and social development of communities and improve the wealth of countries. AngloGold Ashanti recognises, however, that gold may also be mined and traded in a manner which fuels conflict and contributes to human rights violations.

We have put in place practices, procedures and controls with the goal of ensuring that our operations do not contribute to conflict and that we monitor and report on these practices, controls and standards.

Increasingly, customers and consumers want the assurance that the gold they purchase has not contributed to conflict or human rights abuses. This has resulted in a number of measures being introduced by industry-related organisations to prevent gold and other commodities being used to fund conflict and other violations of human rights.

Since 2013, we have taken an active role in developing voluntary standards that enable us to reasonably determine the country of origin for the gold we produce as well as to demonstrate that we operate responsibly in keeping with international standards. The standards we follow are:

All references herein to the Heidelberg Institute's Conflict Barometer (the "Heidelberg Barometer") are to the 2023 version, which is the latest version published as of the date hereof.

AngloGold Ashanti has played a leading role in developing the CFGS and taken a public stand in applying it, not only to demonstrate its commitment to responsible business practices and to making positive contributions to the societies in which it operates, but also to ensure that the gold in its supply chain does not fuel conflict, contribute to human rights abuses or breach international humanitarian law.

The CFGS comprises five parts (Parts A through E) as further described below. A toolkit was developed to assist companies in achieving compliance. This includes background information, checklists and advice on compiling evidence packs. A guidance document for external assurers was also prepared. Part A of the CFGS requires companies to assess whether they are adhering to international sanctions and to undertake a risk assessment based upon the recognition of conflict. Applying the CFGS' criteria, operations that are in an area ranked as 5 ("war") or 4 ("limited war") in the Heidelberg Barometer are classified as 'conflict-affected or high-risk'. Such operations must complete all remaining assessments in Parts B through E of the CFGS. For operations not considered to be in a 'conflict-affected or high-risk' area, and where the company does not transport gold while in its custody, the remaining assessments required are Parts D and E of the CFGS.

Part A (Conflict Assessment) of the CFGS was assessed for all of AngloGold Ashanti's operations by an AngloGold Ashanti internal review team. Part A involves a conflict and sanctions assessment of all of AngloGold Ashanti's mine locations and uses official sources on international sanctions and conflict recognition. These include the European Union, United Nations Security Council and UK government sanction and embargo lists. As specified in the CFGS, external sources were also used to evaluate the presence of conflict or high risk in the countries where AngloGold Ashanti operates or transports its product. The Heidelberg Barometer was used to assess the location and intensity of conflicts. This data also informed which countries would be reported on.

Part B (Company Assessment) of the CFGS involves an assessment examining evidence in five areas to determine the Company's conformance to the CFGS:

Commitment to human rights - whether there is a human rights policy in place;

Corporate activities - found or not found culpable of abuses, using influence to prevent abuse by others;

Security - due diligence on security providers;

Payments and benefits-in-kind - disclosure of payments to governments, whether funding has been provided to private groups accused of human rights abuses; and

Engagement, complaints and grievances - vulnerable groups, systems for dealing with grievances.

Part C (Commodity Assessment) of the CFGS involves an assessment relating to the handling of gold and gold-bearing material on site, and once it leaves the mine. It focuses on the nature of production, control of gold at the operation and transportation between mine and refinery. AngloGold Ashanti used a risk-based approach to

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Anglogold Ashanti plc published this content on May 29, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 29, 2025 at 10:23 UTC.