AngloGold Ashanti, as it conducts business today, was formed on April 26, 2004 following the business combination of AngloGold Limited (AngloGold) with Ashanti Goldfields Company Limited (Ashanti). AngloGold, formerly Vaal Reefs Exploration and Mining Company Limited, was incorporated in South Africa in 1944. The business combination between AngloGold and Ashanti Goldfields Company Limited which was originally announced on May 16, 2003 was completed with effect from Monday, April 26, 2004, following the confirmation by the High Court in Ghana on Friday, April 23, 2004, of the scheme of arrangement, in terms of which AngloGold acquired the entire issued share capital of Ashanti. In the business combination, Ashanti shareholders received 0.29 ordinary shares or 0.29 ADSs of AngloGold for every Ashanti share or Ashanti GDS (Global Depositary Security) held. Ashanti became a private company and a wholly-owned subsidiary of AngloGold and AngloGold changed its name to AngloGold Ashanti Limited on April 26, 2004, the effective date of the transaction. As a result of the business combination, a total of 38,400,021 ordinary shares were issued to Ashanti shareholders, 75,731 ordinary shares were issued to Ashanti warrant holders and 2,658,000 ordinary shares were issued to the Government of Ghana in consideration of the agreements and undertakings contained in the Stability Agreement during 2004. - Read more

Goldfields operates in two regions in Ghana, The Tarkwa gold mine and the Damang Gold Mine. The Tarkwa gold mine is located in southwestern Ghana, about 300 km by road west of Accra, the capital, at latitude 5°15’ N and longitude 2°00’ W. It is situated some 4 km west of the town of Tarkwa with good access roads and an established infrastructure and is served by a main road connecting to the port of Takoradi some 60 km to the southeast on the Atlantic coast. - Read more

"Newmont’s African operations are in Ghana and include the Ahafo mine and a development project known as Akyem. The Ahafo mine is located in the tropical, cocoa-growing region of mid-western Ghana, approximately 180 miles (290 kilometers) northwest of the capital city of Accra. The Akyem project is located about 80 miles (129 kilometers) northwest of Accra. Ahafo contributed approximately 8 percent of Newmont’s worldwide equity gold sales in 2007. Ahafo and Akyem together have approximately 17.4 million equity ounces of gold reserves, representing 20 percent of our global gold reserves at the end of 2007. In addition, the African region contains more than 53 million tons of non-reserve resource mineralization at an average grade of 0.064 ounces per ton." - Read more