Anglogold Ashanti publishes report to Society for 2004
AngloGold Ashanti Limited
(formerly AngloGold Limited)
Incorporated in the Republic of South Africa
Registration Number: 1944/017354/06)
ISIN Number:ZAE000043485
JSE Share Code: ANG
(`AngloGold Ashanti/Company`)
ANGLOGOLD ASHANTI PUBLISHES REPORT TO SOCIETY FOR 2004
AngloGold Ashanti published its Report to Society for 2004 today.
In a letter to stakeholders, CEO Bobby Godsell said that while the primary
purpose of any business had to be to provide competitive returns to
shareholders, AngloGold Ashanti`s business principles went beyond this.
They encompassed commitments to fair economic reward and opportunity for
employees, to their right to a healthy and safe working environment, to the
communities living near our operations, and to the physical environment in and
surrounding the company`s operations.
`We accept, and embrace, these commitments because we believe that, in order
to operate, we need to do more than merely meet the minimum regulatory standards
set by the government administrators in the countries and regions in which we
operate. We also believe we need a moral licence to mine; a licence that has to
be acquired, too, from our employees, from the communities in which we operate,
and from other stakeholders. In its simplest terms, we take the view that
communities, and others, must be better off for our having been there`, he said.
South Africa was one country where these `parallel licensing standards` had
been, to some extent, recognised through the mechanism of the mining charter, he
observed.
`The moral licence to mine is not something we seek in order to make us feel
good. We do it for good business reasons. Without it, our ability to carry out
our work, and improve the return to our shareholders would be compromised`, he
said.
ends
Johannesburg
30 March 2005
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