AngloGold Ashanti: AngloGold Ashanti : Sustainability Report 2024 PDF

Purpose, mission and values Our purpose Mining to empower people and advance societies Empowering people: by fostering an inspiring environment of continuous improvement and operational excellence, people who work for AngloGold Ashanti are empowered to play a positive role, both within the organisation and in the countries in which we operate. Advancing societies: through our business, we strive to add economic value and provide access to opportunity. Our aim is to positively impact people in the communities in which we operate, generating positive economic benefits and improving their quality of life. Our mission Allied to our purpose is our mission: to create value for our shareholders, employees and business and social partners by safely and responsibly exploring for, mining and marketing our products. Our values AngloGold Ashanti is committed to creating an inclusive and collaborative environment based on trust, respect and dignity. Our corporate values are fundamental to the conduct of our business, guiding how we behave, do our work and interact with our colleagues, our neighbours, the environment and our partners. • Human Rights Report and Modern Slavery Statement , to be published later in the year Guide to our reporting Our 2024 reporting promotes transparency and communication with a range of stakeholders, providing considered, comprehensive disclosure on AngloGold Ashanti's strategic, financial, operational, governance, social and environmental performance for the financial year ended 31 December 2024. Our reports are intended to address the information requirements of investors and other interested stakeholders. Our suite of reports includes the following: • Annual Report on Form 20-F (20-F) , our primary report, produced in accordance with the reporting requirements of the US Securities and Exchange Commission (SEC), given our primary listing on the New York Stock Exchange (NYSE), to be filed in due course • Annual Report (AR) , produced in compliance with the UK Companies Act 2006 • Notice of Meeting • Sustainability Report (SR) and ESG Data Workbook , produced in accordance with the Global Reporting Initiative (GRI) Standards 2021, including GRI 14: Mining Sector 2024 Standard and the SASB Standards (now part of the IFRS Foundation) • Mineral Resource and Mineral Reserve Report , aligned with SEC mining property disclosure requirements set forth in Subpart 1300 of Regulation S-K (17 CFR § 229.1300) (Regulation S-K 1300) • Operational Profiles Navigating this report This document is an interactive PDF with all active hyperlinks indicated by blue, italic font . We welcome feedback on our reporting. Should you have any comments or suggestions on how we could improve the quality of our reports, contact our investor relations team at: investors@anglogoldashanti.com Contents Purpose, mission and values Contents 2 3 About this report 2024 at a glance 4 5 About AngloGold Ashanti: Snapshot and investment case About AngloGold Ashanti: F ootprint 6 7 Leadership 8 Message from the Chairperson of the Social, Ethics and Sustainability Committee CEO's review and outlook Message from Chief Sustainability and Corporate Affairs Officer Materiality and material sustainability issues Sustainability governance Sustainability strategy and framework Sustainability commitments 9 11 13 14 16 18 19 Creating value 20 Engaging with and creating value for stakeholders Sustaining and growing our business Creating and sharing value 21 22 23 26 31 36 Ensuring safety, health and wellbeing Attracting, developing and retaining talent Culture and inclusion Empowering communities 40 Supporting community resilience and the rights of indigenous peoples Addressing artisanal and small-scale mining Human rights and security 41 50 53 Environmental stewardship 57 Climate action and pursuing resilience Responsible tailings management Water stewardship 60 65 69 Responsible rehabilitation and closure planning 72 Business ethics, compliance and disclosure Navigating geopolitical matters and government relations Responsible and secure sourcing and local procurement Cybersecurity 76 80 82 85 Centamin 88 Centamin sustainability update 88 Assurance statement 94 Content index: GRI and SASB 97 Glossary of terms and acronyms 106 Corporate directory and contacts 108 About this report Reporting period and boundary AngloGold Ashanti's Sustainability Report 2024 provides an overview of our sustainability performance from operations within our reporting boundary, for the period 1 January 2024 to 31 December 2024. We report on all operations that we manage. While we seek to establish a consistent boundary for reporting across all our sustainability metrics, we also report on developments, impacts and data outside our reporting boundary where these are significant to the business (upstream/ downstream value chain) and our sustainability performance. We do not report on non-financial information for Kibali in the Democratic Republic of the Congo (DRC), which is managed and operated by our joint venture partner, Barrick Gold Corporation. AngloGold Ashanti concluded the acquisition of Centamin plc (Centamin), and the addition of the Tier 1 Sukari mine in Egypt, on 22 November 2024. An update on environmental, social and governance (ESG)-related performance for the Sukari mine and certain projects is provided in a separate section of this report on page 88 . Certain related ESG data is also provided in our ESG Data Workbook . Reporting standards and guidance Our Sustainability Report 2024 is produced in accordance with the Global Reporting Initiative (GRI) Standards 2021, including GRI 14: Mining Sector 2024 standard, and in alignment with the Sustainability Accounting Standards Board (SASB) Standards (now part of the IFRS Foundation). The content of our reports is informed by an annual 'double materiality' assessment of our key ESG issues. The assessment is reviewed annually by AngloGold Ashanti's senior leadership and approved by the Social, Ethics and Sustainability Committee (SES Committee). AngloGold Ashanti is a signatory to the United Nations Global Compact (UNGC) and this report serves to supplement and support our 2022 UNGC Communication on Progress (COP), which was submitted to the UNGC South Africa in January 2024. We aspire to contribute to Agenda 2063, which is aimed at transforming Africa into the global powerhouse of the future by delivering on a set of seven aspirations, each with its own set of goals. We also report against: • The Voluntary Principles of Security and Human Rights (VPSHR) • The Extractive Industries Transparency Initiative (EITI) • The United Nations Sustainable Development Goals (SDGs) • Recommendations of the Task Force on Climate-related Financial Disclosure (TCFD), now under the IFRS Foundation Our reporting is aligned with the Sustainable Development Framework of the International Council on Mining and Metals (ICMM) and its Performance Expectations, as well as the Responsible Gold Mining Principles of the World Gold Council (WGC). We engage with several third party entities that rank our sustainability or ESG performance according to their own methodologies, including S&P Global CSA, FTSE JSE Responsible Investment Index Series, Bloomberg GEI, MSCI and Sustainalytics. See our ESG Transparency hub for our performance. The resultant rankings are based on our ESG-related disclosures, and ESG risks and performance, and provide useful external feedback on our performance, and benchmarks us against our peers. Some of these ESG rankings are reflected on our website in our dedicated ESG Transparency Hub. See our ESG Data Workbook for the content indexes related to ICMM, and WGC. The TCFD content index can be found in the Annual Report . External assurance IBIS ESG Consulting Africa (Pty) Ltd (IBIS) was appointed as the external validation and assurance service provider for both sets of self-assessment. The process of external validation commenced in September 2022 and will be completed across all assets in 2025. In planning for the on-site validation engagements, we reviewed our asset prioritisation and decided to align these engagements with the combined assurance audit cycle. Key data illustrates our performance against our sustainability metrics. Where possible, we present data for five years to show trends and to emphasise that our sustainability performance is built over time. Historical data in this report has been restated to exclude divested operations, unless otherwise stated in this report. Tropicana, Australia Notes • AngloGold Ashanti, the Company or the Group refers to AngloGold Ashanti plc and its subsidiaries (as applicable) • Unless otherwise indicated, $ or dollar refers to the US dollar throughout • All information is attributable unless otherwise specified • Metric tonnes (t) are used throughout, and all ounces are troy ounces • Moz refers to million ounces; Mt refers to million tonnes • Rounding of numbers may result in computational discrepancies • Unless otherwise stated, the Mineral Resource exclusive of Mineral Reserve is defined as the inclusive Mineral Resource less the Mineral Reserve before dilution and other factors are applied. Measured and Indicated Mineral Resource is reported separately from Inferred Mineral Resource in our reports 2024 at a glance Creating value Empowering people Empowering communities Caring for the environment Ensuring best practice governance Revenue * $5.8bn (2023: $4.6bn) Gold production * 2.66Moz (2023: 2.64Moz) Gold Mineral Reserve * 31.2Moz (2023: 28.1Moz) People employed * 39,484 employees and contractors (2023: 33,658 employees and contractors) Total recordable injury frequency rate (TRIFR) ** 0.97 (2023: 1.09 ) Salaries, wages and benefits paid to employees * $584m (2023: $551m) Training and development expenditure ** $7.99m (2023: $7.76m) Community investment ** $20.56m (2023: $18.84m) Expenditure with local suppliers ** $4.26bn (92%) (2023: $4.31bn (94%)) Grievances