AngloGold Ashanti Ltd. (AU)

AngloGold Ashanti Limited engages in the mining, extraction, and production of gold in South Africa and internationally. It operates seven underground mines, including Great Noligwa, Kopanang, Tau Lekoa, Moab Khotsong, Mponeng, Savuka, and Tau Tona located in two geographical regions on the Witwatersrand Basin in South Africa. The company also owns a 92.5% interest in Cerro Vanguardia mine located in the northwest of Puerto San Julian in the province of Santa Cruz, Argentina; a 100% interest in Sunrise Dam mine and a 33.33% interest in Boddington mine located near Perth in Australia; a 100% interest in AngloGold Ashanti Brasil Mineracao and a 50% interest in Serra Grande mine in Brazil; and an 85% interest in Siguiri gold mine located in the northeast of the Republic of Guinea. In addition, AngloGold Ashanti holds interests in three mines in Mali, which include a 40% interest each in Morila mine and Yatela mine, and a 38% interest in Sadiola mine, as well as an 80% interest in Iduapriem mine and a 100% interest in Obuasi mine in Ghana. Further, it owns a 100% interest in the Navachab mine located in Namibia; a 67% interest in the Cripple Creek & Victor mine located southwest of Colorado Springs in the state of Colorado in the United States; and a 100% interest in Geita mine located southwest of the town of Mwanza in the northwest of Tanzania. AngloGold Ashanti also offers various by-products recovered as a result of the processing of gold ores, which include uranium, copper, sulphur, and silver. The company was incorporated in 1944 and is headquartered in Johannesburg, South Africa.

For the nine months ended 30 September 2006, AngloGold Ashanti Limited's revenues rose 12% to $2.19B. Net income from continuing operations fell 58% to $30M. Revenues reflect an increase in the demand for gold & higher gold prices. Net income was offset by higher corporate administration & other expenses, an increase in market development costs, higher exploration costs and an increase in other net operating costs.