MINERAL RESOURCE MANAGEMENT PRINCIPLES THAT NEED TO BE INCORPORATED IN ANGLOGOLD ASHANTI LTD EAST AND WEST AFRICA REGION

With the acquisition by AngloGold Ashanti Ltd of open pit mines in East andWest Africa with possible addition of Greenfield and Brownfield operations, theemphasis of this research document was to improve the current open pit mines inthis region. By identifying Mineral Resource Management (MRM) as a way toimprove and manage operating practices, additional value and the accompaniedrisks have been identified. It was also realised that the current traditional,predominantly financial indicators are becoming increasingly inadequate, thuslooking at alternative operating principles. Subsequent to this, proposals havebeen made to acquire the necessary production and cost change by integratingstructure, strategy, systems, style, skills, staff and the defined goals as proposed inthis document. Using a “process-based” approach integrating (best) operatingpractices, concepts such as: living out the company’s strategic values; a learningorganisation; better informed decision-making; people management; self-directedteams; continuous improvement; asset and capital management; integratedinformation systems; and an improved internal and external customer relationshipbe obtained.