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Preserving long term value in South Africa for all our stakeholders.
Over the past few months, AngloGold Ashanti has embarked on a strategic ownership review of its South African operations with a view to transfer these operations to new and capable hands in the interest of preserving their long-term value for all stakeholders.
The company has now entered into a sale purchase agreement for all South African assets with Harmony Gold, an established South African company with experience in open pit and underground mines.
We believe that in Harmony Gold’s hands, these assets will continue to benefit stakeholders. Harmony Gold has the necessary technical capability, financial strength and a well-aligned capital allocation strategy to ensure these assets achieve their full potential.
Importantly, Harmony Gold is a responsible mining company and is committed to operating safely and sustainably. AngloGold Ashanti is committed to undertaking the transaction in a manner that is open, transparent and in line with the company’s values.
It is in all stakeholders’ interest that operations continue safely and productively.
AngloGold Ashanti’s global operations will continue to be run from Johannesburg, the head office being a centre of excellence in the global mining industry.
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A sales agreement has been entered into with Harmony Gold for all of the South African operations. We believe that in Harmony’s hands, these assets will continue to benefit stakeholders.
04 May 2020
Update on SA operations asset sale process
12 March 2020
SA operations sale process update
08 May 2019
Process to review and evaluate the ownership of South African assets
AngloGold Ashanti recognises that all our stakeholders have a direct interest in the way in which we, as a business, prepare for and respond to COVID-19 at our operations and in our communities. This situation presents an unprecedented global challenge that is evolving rapidly, and so will the way in which we plan and react. Guided by our values and our pledge to protect the health of our employees and host communities, we are working to ensure business continuity.
Colleagues,
You will no doubt have been seen the many news headlines about the Coronavirus, or COVID-19, and seen the steps taken by many governments around the world to manage its spread. While I understand the real concern many of you have for your health and wellbeing, and those of loved ones, this is a moment for calm heads and clear, decisive action - both individually and together - to mitigate the impact of this outbreak and prevent the spread of illness.
As a business, we’ve already taken steps in this regard, and are guided by our first priority, which is to ensure your health and safety.
We’ve established two groups which are working hard to protect our people and the business. First, a cross-functional COVID-19 Taskforce that is dealing with strategic approach to managing this outbreak and its impact on our people and the business. And second, a COVID-19 Crisis Committee which is focused on ensuring these interventions are implemented as quickly and effectively as possible at each site. These groups are ensuring we act swiftly and learn from each other’s experiences.
Interventions are already in place at many of our sites -- and soon will be at the others -- to increase screening based on travel, symptoms of illness and those displaying high temperatures. This will ensure that people who may be ill are identified early, are provided the treatment they need as quickly as possible, and do not present a risk to others.
Although the World Health Organization (WHO) has characterized the spread of COVID-19 as a pandemic, it is important to note that:
In line with the spread of COVID-19 and our wish to contain it, AngloGold Ashanti has now introduced some protocols to be adopted across the company.
If you are exhibiting flu-like symptoms, have been diagnosed with the flu, have tested positive for the COVID-19 (Coronavirus), or have been exposed to someone who has tested positive, remain at home and consult with your doctor.
If you suspect that you have been exposed to someone with the virus, but are not showing symptoms, notify your supervisor immediately.
Until further notice, all employees and contractors working in any AGA workplace, must adhere to the following guidelines to protect the health and safety of our employees and contractors and to maintain business continuity:
We know that there are many questions. We encourage you to reach out to your supervisor, your clinic or local HR representative if you have any questions. We will continue to comply with our policies and the local regulations that govern our offices and sites.
In closing, I’d like to remind you that when we’re in these times of crisis it feels like they will never end. Of course, they inevitably do, but in the meantime, we must work together and remain vigilant.
Kind regards,
Kelvin Dushnisky Chief Executive Officer
More information on:
Kelvin Dushnisky
Chief Executive Officer
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Dear Colleagues,
As of 28 January 2020, the World Health Organization reported nearly 6000 cases of the Novel Coronavirus. Just over 130 deaths have been recorded following the outbreak of the newly identified Coronavirus(2019-nCov).
This new and poorly understood virus seems to have originated from the Wuhan City seafood market in China. Most cases diagnosed are from China and more specifically in the city of Wuhan. A small number of cases (less than 3%) have been identified outside China.
While the World Health Organization (WHO) considers this outbreak an emergency in China, it does not constitute a global emergency yet. The WHO and its partners continue to work with the Chinese authorities to contain the outbreak, manage those affected and interrupt further transmission.
There are currently no confirmed cases in the areas where AngloGold Ashanti operates but the timing of the outbreak, around the time of the Lunar New Year when large numbers of Chinese people travel, both inside China and globally to celebrate the event, elevates the risk of interactions with people from affected communities.
The outbreak is therefore considered serious and all resources are being mobilised to ensure optimal prevention and control. Heightened awareness, vigilance, active surveillance as well as attention to personal, and food hygiene measures remain the cornerstone of our defense and control.
In an effort to prevent the spread of the disease, the Chinese government has quarantined about 56 million people in 20 cities of the Hubei province of China. Transport restrictions have been imposed and mass screening, contact tracing and treatment measures instituted to identify the infected and the sick. Treatment is currently supportive and symptomatic.
While this is not a global emergency yet, we continue to monitor the outbreak trends closely so we can adjust our measures accordingly.
The World Health Organization has not recommended a travel ban at this stage.
Coronaviruses are a group of viruses that can cause acute respiratory infections ranging from the common cold to the more severe respiratory outbreaks like the 2012 Middle East Respiratory Syndrome (MERS) in Saudi Arabia and the Severe Acute Respiratory Syndrome (SARS) in China reported in 2002.
While information about the virus is still unfolding, the infections appears to be airborne and therefore transmitted through inhalation and ingestion of infected droplets from infected people. The estimated incubation period before development of sudden respiratory symptoms is believed to be 2-14 days. These symptoms include fever, cough, shortness of breath and general difficulty breathing.
Infants, the elderly and immune compromised people with underlying chronic diseases like diabetes, cardiac conditions and HIV/AIDS are at higher risk for serious complications and death. There is currently no known vaccine or specific treatment, but available information shows that more than 90% of those diagnosed recover from it.
Current fatality rates of about 2 – 3%, are lower than similar coronavirus disease outbreaks like the MERS outbreak which killed a third of its victims as well as the SARS outbreak with claimed the 10% of the lives of those affected.
More information on: https://www.who.int/emergencies/diseases/novel-coronavirus-2019
Kind regards,
Dr. Bafedile Chauke
Vice President: Health – Corporate Affairs
This brief has been distributed to: all AngloGold Ashanti users globally
On 9 May it will be a year since AngloGold Ashanti issued the announcement that it will be starting a process to review and evaluate the ownership of its South African assets.
On 12 February this year we announced that the Company had entered into an agreement to sell its remaining South Africa Operations to Harmony Gold. This process has been progressing well with various workstreams from both AngloGold Ashanti and Harmony meeting regularly to ensure a smooth transition of ownership.
This month, the conclusion of the sale has reached two important developments, namely;
These critical regulatory approvals are key to the outcome of the sale process however, there are still several conditions that need to be met in order to conclude the Sale and Purchase Agreement following which AGA and Harmony can agree on a date to transfer ownership of the SA Operations to Harmony.
As committed, we will continue to inform you of these processes as they unfold. Please continue to send your questions to the number of platforms that have been set up.
In the meantime, the business remains in our hands as we slowly restart the business after the nationwide lockdown. I plead that you not only take care of your own health, but also that of you colleagues and family – your health and safety remain important to us.
Moses Madondo
SVP: South Africa Operations
Website:
www.anglogoldashantisouthafrica.co.za
Facebook:
https://www.facebook.com/AngloGoldAshantiSouthAfrica
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Email: #AskUs@anglogoldashanti.com
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