AngloGold Ashanti is a South African gold mining company headquartered in Johannesburg. AngloGold Ashanti emerged from the merger of AngloGold and the Ashanti Goldfields Cooperation. In 2012, AngloGold Ashanti produced about 7% of all globally mined gold.
AngloGold Ashanti has received a significant amount of criticism over the years. Human Rights Watch and the Swiss consumers’ magazine, “Kassensturz,” are among those who have accused the company of permitting child labor, environmental pollution, and poor work conditions. In 2011, the company received the Public Eye Award’s “jury prize,” affirming the irresponsible actions of the corporation. The company is also accused of knowingly exposing its mineworkers to high concentrations of silicon dioxides without providing proper protection. In December 2012, a South African lawyer filed a class-action suit on behalf of 17,000 ex-mineworkers who claim to have contracted Silicosis, a lung disease, from working in the mines. The companies involved in this case include African Rainbow Minerals, AngloGold Ashanti, Gold Fields, and Harmony Gold.
Investor information below is correct as at publication date of Dirty Profits 4, February 2016. The company information is correct as at 2013.
Major shareholders according to Morningstar
Mutual Funds according to onvista