AngloGold Ashanti : Conflict-Free Gold Report 2024 PDF , 176.4kb
AU
Published on 05/30/2025 at 08:02
Registration Number 14654651 Incorporated in England & Wales Registered Office Address:
4thFloor, Communications House South Street
Staines Upon Thames United Kingdom TW18 4PR
Website: https://www.anglogoldashanti.com
AngloGold Ashanti acknowledges that our license to operate means that we need to demonstrate that we have extracted gold in a manner that does not fuel conflict. We take this responsibility seriously and as such have adopted the World Gold Council's Conflict-Free Gold Standard (the Standard) to demonstrate our commitment to responsible mining. This Conflict-Free Gold Report summarises our conformance to the requirements of the Standard for the year-ended 31 December 2024. The Executive Committee is responsible for implementation, and it reports to the Chief Executive Officer, who has ultimate responsibility for the company's compliance.
We continue to conform to the Standard and pursue appropriate assurance of the Conflict-Free Gold Report. In addition, our annual Sustainability Report, which includes aspects also covered here is subject to independent, external assurance and can be found on the following link: https://reports.anglogoldashanti.com/24/wp-content/uploads/2025/03/AGA-SR24.pdf .
This report was subjected to the rigorous scrutiny of our Group Internal Audit department and external auditors.
The reporting boundary of this Report includes all mining and processing operations over which AngloGold Ashanti has direct control. This is consistent with the non-financial reporting boundaries that we publicly disclose in our annual Sustainability Report and the 2024 AGA UK Annual Report.
The Standard comprises Parts A-E:
Part A - Conflict Assessment
Part B - Company Assessment
Part C - Commodity Assessment
Part D - External Sources of Gold Assessment, and
Part E - Management Statement of Conformance.
Part A of the Standard 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 Standard's criteria, operations that are in an area ranked as 5 (war) or 4 (limited war) in the Conflict Barometer, published in the year of reporting by the Heidelberg Institute for International Conflict Research, are classified as 'conflict-affected or high-risk'. Such operations must complete all remaining assessments in Parts B-E of the Standard. 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.
Please note that the 2023 Heidelberg Conflict Barometer is referenced in this report as the 2024 report was not yet published at the time of reporting.
Following our Part A - Conflict Assessment, we concluded that we did not breach any international sanctions and that none of our mines or transport routes are located in 'conflict-affected or high-risk' areas. Parts of Democratic Republic of Congo (DRC) are ranked 5 (escalated to a full-scale war) in the 2023 Heidelberg Conflict Barometer but has not had an impact on the Kibali Mine operations (non-managed joint venture with Barrick).
Despite none of our operations evaluated as being in 'conflict-affected or high-risk' areas, the appropriate management systems are in place as stipulated in Part B and C, to identify and mitigate the risk of potential conflict and processes are in place to manage the chain custody for gold and gold-bearing material.
We also complied with Part D - Externally Sourced Gold Assessment.
Externally sourced gold and gold-bearing material was processed and treated at the Queiroz Plant (including the Queiroz Refinery) in 2024. Jaguar Mining, through its wholly-owned subsidiary Mineração Serras do Oeste Ltda., supplied gold concentrate (in the form of gold cathodes and sludge) from its operations in the state of Minas Gerais in Brazil to AngloGold Ashanti for processing at the Queiroz Plant and refining at the Queiroz Refinery as part of a service contract to produce good delivery bars, under licence nº 28.917.748/0001-72. Jaguar Mining's operations in the state of Minas Gerais are located in close proximity to AngloGold Ashanti's operations in that state. As mentioned above, Brazil is ranked as an area of "violent crisis" (ranked as 3) according to the Heidelberg Barometer as a result of the ongoing drug trafficking conflict which is prevalent in the country. However, such conflict has not directly impacted our operations. No deviations from conformance with this part of the CFGS arose during 2024.
Appropriate management statement of conformance processes is in place, as required by Part E, evidenced by the certification of the respective refineries we deal with.
No Deviations from Conformance with the Standard arose during the reporting period.
In conclusion, AngloGold Ashanti was in conformance with the criteria set out in the Conflict-Free Gold Standard for the reporting year ended 31 December 2024. The requirement for independent external assurance was conducted in accordance with recognised assurance standards, to confirm whether AGA's 2024 Conflict-Free Gold Report is prepared in accordance with the WGC's Conflict Free Gold Standard. IBIS Consulting issued the independent assurance report covering the 12-month period (2024) regarding AGA's conformance with the Standard and formed part of our public commitment to comply fully with the Responsible Gold Mining Principles since 2022, which is mandatory to all member companies.
Feedback or queries on any aspect of this report may be submitted through any of the means outlined on our company website: https://anglogoldashanti.com/contacts/ .
Disclaimer
Anglogold Ashanti plc published this content on May 30, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 30, 2025 at 12:01 UTC.