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Business News of Thursday, 10 January 2013

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AngloGold Ashanti Employees Graduate from GIMPA

We value diversity (Accra, Ghana) – At the Ghana Institute of Management and Public Administration’s (GIMPA) 12th Congregation ceremony held on 15th December in Accra, 59 AngloGold Ashanti (AGA) employees successfully graduated. The employees were awarded the Post Graduate Diploma in Leadership and Management, or the Post Graduate Certificate in Administration and Management.

Mr. Hussein Abugri, Deputy Managing Director at AGA’s Obuasi Mine, was present at the graduation ceremony. He congratulated company employees who received their certificates at the event. “Training and development is a priority for AGA. Ensuring that we have the right people with the right skills and knowledge in the right roles to execute work safely and effectively is critical. Our partnership with GIMPA for tailor-made and accredited post-graduate programmes has contributed significantly to capacity building in middle and senior management at AGA in Ghana, Guinea and Mali,” explained Mr. Abugri.

He also spoke about the current transformation of AGA mines in Ghana and explained that the company’s vision is to be the leading mining company in the world and that it would need qualified and experienced people to enable it achieve its objectives and become the preferred brand.

The Ghana Stock Exchange listed gold miner, employs over 9000 people, has been a partner with GIMPA since 2009. In this time, over 200 AGA employees have successfully graduated from the post-graduate programmes. In addition, 59 AGA Ghana employees have completed the Intermediate Management Development Programme (IMDP) and Management Development Programme (MDP) qualifications at University of Cape Town in Cape Town, South Africa; between 2004 and 2011. Over the same period, AGA spent more than US $9 million on the training and development of its Ghanaian employees at polytechnics and universities, in Ghana and abroad.

AGA has also been offering apprenticeship programmes since 2004 at its two operations in Ghana, at its own cost. The apprenticeships are offered to new graduates from the polytechnics, vocational schools and the universities, mostly from the communities where AGA operates. They deliver practical training opportunities in mining, engineering and general management. The total training and development spend amounts to about US $1.5 million per annum. Contact:

John Owusu Tel: +233 244 322 026 E-mail: john.owusu@AngloGoldAshanti.com

About AngloGold Ashanti AngloGold Ashanti is a global gold mining company and the world’s third largest gold producer. Headquartered in Johannesburg, South Africa, AngloGold Ashanti has 20 operations on four continents and one of the gold industry’s most successful exploration teams which work across both the established and new gold producing regions of the world. This includes land positions in Colombia, Egypt, Guinea, Australia and the Solomon Islands, among others. AngloGold Ashanti employed 61,242 people, including contractors, in 2011 and produced 4.33Moz of gold, generating $6.6bn in gold income. Capital expenditure in 2011 amounted to $1.5bn. As at 31 December 2011, AngloGold Ashanti’s Ore Reserve totalled 75.6Moz.

The primary listing of the company’s ordinary shares is on the JSE Limited (JSE). Its ordinary shares are also listed on stock exchanges in London and Ghana, as well as being quoted in New York in the form of American Depositary Shares (ADSs), in Australia, in the form of CHESS Depositary Interests (CDIs) and in Ghana, in the form of Ghanaian Depositary Shares (GhDSs).

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