The reputation of the 117 year old Obuasi mine took a gigantic step further when the United States based International Cyanide Management Institute rated the AngloGold Ashanti operation as ‘Certified’.
The institute announced that the mine has been certified in full compliance with the International Cyanide Management Code (Cyanide Code), which is a plus to the cyanide management system put in place at Obuasi by the Ghana Stock Exchange listed miner.
‘ICMI has received and accepted a Detailed Audit Findings Report prepared by an independent professional third-party auditor who evaluated the Obuasi Gold Mine against ICMI’s Verification Protocol and found it in full compliance with the Cyanide Code’s Principles and Standards of Practice, ICMI release said. It added that ‘the summary Audit Report and Auditor Credentials Form are available on the ICMI web site on AngloGold Ashanti’s Signatory Companies Page: http://www.cyanidecode.org/signatory-company/anglogold-ashanti’. The Obuasi operation would be re-audited every three years to evaluate continuing compliance with the Code.
The Cyanide Code is a voluntary industry programme for companies involved in the production of gold using cyanide and companies producing and transporting this cyanide. It was developed under the aegis of the United Nations Environment Programme by a multi-stakeholder Steering Committee. The Cyanide Code is intended to complement an operation’s existing obligation to comply with the applicable laws and regulations of the political jurisdictions in which the operation is located.
ICMI has been established to administer the Cyanide Code, promote its adoption, evaluate its implementation, and manage the certification process.
About AngloGold Ashanti
AngloGold Ashanti is a global gold mining company and the world’s third largest gold producer. Headquartered in Johannesburg, South Africa, AngloGold Ashanti has 20 operations on four continents and one of the gold industry’s most successful exploration teams which work across both the established and new gold producing regions of the world.
This includes land positions in Colombia, Guinea and Australia, among others. AngloGold Ashanti employed 61,242 people, including contractors, in 2011 and produced 4.33Moz of gold, generating $6.6bn in gold income. Capital expenditure in 2011 amounted to $1.5bn. As at 31 December 2011, AngloGold Ashanti’s Ore Reserve totalled 75.6Moz.
The primary listing of the company’s ordinary shares is on the JSE Limited (JSE). Its ordinary shares are also listed on stock exchanges in London and Ghana, as well as being quoted in New York in the form of American Depositary Shares (ADSs), in Australia, in the form of CHESS Depositary Interests (CDIs) and in Ghana, in the form of Ghanaian Depositary Shares (GhDSs).
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