Mining Human Assets by Haidee E
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Integrated Report 2016 Contents
INTEGRATED REPORT 2016 CONTENTS To create value for our shareholders, our employees and our business and social partners through safely and responsibly exploring, mining and marketing our products. Our primary focus is gold, but we will pursue value creating opportunities in other minerals OUR where we can leverage our OUR existing assets, skills and MISSION experience to enhance the VALUES delivery of value. HOW TO USE THIS REPORT This is an interactive PDF. Navigation tools at the top left of each page and within the report are indicated as follows. Interactive indicator Contents page Print Previous page Next page Undo Search Website Email Download Page reference Video INTEGRATED REPORT 2016 1 SECTION 1 OVERVIEW About our reports / 3 Directors’ statement of responsibility / 4 Corporate profile / 5 Chairman’s letter / 7 Highlights of the year / 10 CEO’s review / 11 An overarching view of our reports, the Chairman’s message to our stakeholders, the profile of the company and the year’s highlights, as well as the CEO’s account of delivery on the last year’s commitments and an outlook for the year ahead. INTEGRATED REPORT 2016 2 Picture: Kibali, DRC ABOUT OUR REPORTS AngloGold Ashanti Limited’s Notice of Annual General Meeting and SCOPE AND BOUNDARY investors. Stakeholders are also referred to (AngloGold Ashanti’s) 2016 suite Summarised Financial Information (Notice OF REPORTS the supplementary reports in this suite and the of Meeting) <NOM> is produced and posted <SDR>, in particular, for additional information. The 2016 suite of reports covers the year from of reports is made up as follows: to shareholders in line with the JSE Listings 1 January to 31 December 2016. -
Universidade Federal De Minas Gerais Escola De Arquitetura Artur
Universidade Federal de Minas Gerais Escola de Arquitetura Artur Magnani Figueiredo O resgate da centralidade da Mina Grande em Nova Lima: história, memória e desenvolvimento Belo Horizonte 2017 Artur Magnani Figueiredo O resgate da centralidade da Mina Grande em Nova Lima: história, memória e desenvolvimento Dissertação apresentada ao Programa de Pós- -Graduação em Ambiente Construído e Patrimônio Sustentável da Escola de Arquitetura da Universidade Federal de Minas Gerais, como requisito parcial à obtenção do título de Mestre. Área de Concentração: Ambiente Construído e Patrimônio Sustentável Área Básica: Interdisciplinar Linha de pesquisa: Paisagem e Ambiente Orientadora: Prof.ª Dra. Stael de Alvarenga Pereira Costa Belo Horizonte 2017 FICHA CATALOGRÁFICA F476r Figueiredo, Artur Magnani. O resgate da centralidade da Mina Grande em Nova Lima [manuscrito] : história, memória e desenvolvimento / Artur Magnani Figueiredo. - 2017. 152 f. : il. Orientadora: Stael de Alvarenga Pereira Costa. Dissertação (mestrado) – Universidade Federal de Minas Gerais, Escola de Arquitetura. 1. Nova Lima (MG) - História - Teses. 2. Mina Grande (MG) - Teses. 3. Ouro - Minas e mineração - Teses. 4. Ouro - Aspectos sociais - Teses. 5. Patrimônio histórico - Teses. 6. Patrimônio cultural - Teses. I. Costa, Stael de Alvarenga Pereira. II. Universidade Federal de Minas Gerais. Escola de Arquitetura. III. Título. CDD 622 Ficha catalográfica: Biblioteca Raffaello Berti, Escola de Arquitetura/UFMG AGRADECIMENTOS À professora e orientadora Stael, que se dedicou na construção deste trabalho, com contribuições que viabilizaram o seu caráter interdisciplinar. À CAPES, pela bolsa concedida nestes dois anos de estudo e que propiciaram a realização deste trabalho. Aos professores Yacy-Ara Froner Gonçalves e Fabiano Lopes de Paula, pelas contribuições valiosas na banca de qualificação. -
Report for the Quarter Ended 31 March 2014
Report for the quarter ended 31 March 2014 Production 1.06Moz improving 17% yeara -on-year and well ahead of 950Koz–1Moz guidance Total cash costs decrease 14% year-on-year to $770/ooz, beating guidance of $800/oz-$850/oz All-in-sustaining cost (AISC) decreased by 22% year-on-year to $993/oz on lower capex, cash costs and overhead costs Adjusted headline earnings $119m, or 29 US cents per share International operations see 34% rise in output to 765,000oz year-on-year, and 22% drop in AISC to $972/oz South Africa production down 11% to 290,0000z year-on-year, while AISC improves to $975/oz or 14% Tropicana contributes 84,000oz at total cash cost of $4495/oz; AISC of $694/oz Kibali contributes 51,000oz at total cash cost of $538/ozz; AISC of $572/oz Net debt stable at $3.105bn Cash flow from operating activities stable year-on-year at $350m, despite 21% lower gold price Quarter Year ended ended ended ended Mar Dec Mar Dec 2014 2013 2013 2013 US dollar / Imperial Operating review Gold Produced - oz (0000) 1,055 1,229 899 4,105 Price received 1 - $/oz 1,290 1,271 1,636 1,401 All-in sustaining cost 2 - $/oz 993 1,015 1,275 1,174 All-in cost 2 - $/oz 1,114 1,233 1,622 1,466 Total cash costs 3 - $/oz 770 748 894 830 Financial review Adjusted gross profit 4 - $m 312 376 434 1,351 Gross profit - $m 296 404 434 1,445 Profit (loss) attributable to equity shareholders - $m 39 (305) 239 (2,230) - cents/share 10 (75) 62 (568) Headline earnings (loss) - $m 38 (276) 259 78 - cents/share 9 (68) 67 20 Adjusted headliine earnings 5 - $m 119 45 113 599 - cents/share 29 11 29 153 Dividends per ordinary share - cents/share - - 5 5 Cash flow from operating activities - $m 350 431 356 1,246 Capital expenditure - $m 274 477 512 1,993 Notes: 1. -
Reef Adjacent to Structures at Tautona Mine, Anglogold Ashanti South African Operations
Reef Adjacent To Structures at TauTona Mine, AngloGold Ashanti South African Operations DE DAVIES Section Manager TauTona Mine, AngloGold Ashanti South African Operations SYNOPSIS The paper describes the extraction of reef adjacent to geological structures in the Carbon Leader Reef Section at TauTona Mine. Traditionally long wall mining has left feasible and economical blocks of ground adjacent to structures when negotiating major geological features. This meant that mining through an up- throw fault, rolling to the reef elevation on the displaced side of the fault left reef in the long wall. High grade areas were abandoned and gold was sterilized. In these tight economic times and with the need to continuously improve safety standards the need arose to develop a technique to extract these blocks economically and safely. It was believed that the structures in these abandoned areas were de-stressed and could now be mined in small volumes at a high grade. The term RATS is an acronym derived from “reef adjacent to structures” and aptly describes the process of identifying and extracting these blocks. The viability of this method was addressed in terms of the mine design, underground investigations and financial risks. The paper concludes with an analysis of the successes achieved to date. 1 INTRODUCTION TauTona Mine is one of the AngloGold Ashanti Southern Africa operations. It is close to the town of Carletonville in the province of Gauteng and about 70km south-west of Johannesburg. TauTona is 46 years old and employs ± 4 000 people. Mining operations are conducted at depths ranging from 1,800m to 3,500m at which the world’s deepest stoping sections are found. -
Access Ways in Ultra High Stress – the Next Step SANIRE 2004 – the Miner’S Guide Through the Earth’S Crust, South African National Institute of Rock Engineering
Scheepers, L.J, Stability of access ways in ultra high stress – The next step SANIRE 2004 – The Miner’s Guide through the Earth’s Crust, South African National Institute of Rock Engineering Stability of access ways in ultra high stress – The next step L.J. Scheepers TauTona Mine ABSTRACT Stability of access tunnels through high stressed abutments remains a problem associated with deep level mining. The problem is compounded by the presence of faults or dykes in these abutments or pillars as large seismic events can occur on such features. This paper describes a novel way of ensuring the long-term stability of access tunnels through high stressed areas by mining an off reef de-stressing slot 7m above the tunnel simultaneous with and leading the development of the tunnel. 1 Introduction Republic of South Africa. Figure 1 shows the location of TauTona Mine in the West Rand Area. With all mining operations the stability of the access ways to the ore bodies are crucial for sustained safe Two economically viable gold-bearing orebodies are production. In deep level operations, quasi-static exploited within the TauTona Mine boundary area, stress related instabilities must be catered for with namely the younger and shallower Ventersdorp layout and support design of the access ways. In Contact Reef (VCR), and the older, deeper Carbon addition possible seismic loading on the access ways Leader Reef (CLR). must also be catered for. This is certainly true for TauTona Mine. At TauTona the CLR has been accessed and mined from depths between 2500 and 3600 metres below surface for an area of approximately 5000m on strike by 3500m on dip within the lease area. -
Fermor 2011 Ore Deposits in an Evolving Earth 7 - 9 September 2011
Fermor 2011 Ore Deposits in an Evolving Earth 7 - 9 September 2011 Abstract Book CONVENORS Gawen Jenkin (University of Leicester) Adrian Boyce (SUERC, Glasgow) Richard Herrington (Natural History Museum) Paul Lusty (British Geological Survey) Iain McDonald (Cardiff University) Martin Smith (University of Brighton) Jamie Wilkinson (Imperial College London)ster) Fermor 2011: Ore Deposits in an Evolving Earth CONTENTS Sponsor acknowledgement Page 2 Programme Pages 3-7 Oral abstracts Pages 8-38 (In programme order) Poster abstracts Pages 39-65 (In programme order) Sponsor information Pages 66-68 Fire safety information Pages 69-70 Map to the Royal Society Page 71 Note pages Pages 72-74 07-09 September 2011 Page 1 #fermor11 Fermor 2011: Ore Deposits in an Evolving Earth We gratefully acknowledge the support of the sponsors for making this meeting possible. 07-09 September 2011 Page 2 #fermor11 Fermor 2011: Ore Deposits in an Evolving Earth Programme Wednesday 7 September 2011 12.30 Arrival & registration & lunch Student session - sponsored by Gnomic Resources, Goldfields & the SEG 13.40 Opening comments Gawen Jenkin, University of Leicester 13.45 Modern mineral exploration – more than just geology Barry Stoffell, Rio Tinto 14.30 CPD and Chartership in the mining and exploration industry Bill Gaskarth, Geological Society & Jim Coppard, Anglo American 15.00 Tea & coffee & student posters 16.15 Keynote: Introduction to exploration and mining finance Philip Crowson, University of Dundee 17.15 Discussion & closing remarks 17.30 Icebreaker reception -
Mineralogical and Geochemical Characterization of Gold Mining Tailings and Their Potential to Generate Acid Mine Drainage (Minas Gerais, Brazil)
minerals Article Mineralogical and Geochemical Characterization of Gold Mining Tailings and Their Potential to Generate Acid Mine Drainage (Minas Gerais, Brazil) Mariana Lemos 1,2, Teresa Valente 1,* , Paula Marinho Reis 1,3, Rita Fonseca 4, Itamar Delbem 5 , Juliana Ventura 2 and Marcus Magalhães 2 1 Institute of Earth Sciences, Pole of University of Minho, Campus de Gualtar, Universidade do Minho, 4710-057 Braga, Portugal; [email protected] or [email protected] (M.L.); [email protected] (P.M.R.) 2 Anglogold Ashanti, Mining & Technical, COO International, Nova Lima 34000-000, Brazil; [email protected] (J.V.); [email protected] (M.M.) 3 GEOBIOTEC, Departmento de Geociências, Campus Universitário de Santiago, Universidade de Aveiro, 3810-193 Aveiro, Portugal 4 Institute of Earth Sciences, Pole of University of Évora, University of Évora, 7000-345 Évora, Portugal; [email protected] 5 Microscopy Center, Universidade Federal de Minas Gerais, Belo Horizonte 31270-013, Brazil; [email protected] * Correspondence: [email protected] Abstract: For more than 30 years, sulfide gold ores were treated in metallurgic plants located in Nova Lima, Minas Gerais, Brazil, and accumulated in the Cocoruto tailings dam. Both flotation and leaching tailings from a deactivated circuit, as well as roasted and leaching tailings from an ongoing plant, were studied for their acid mine drainage potential and elements’ mobility. Detailed characterization of both tailings types indicates the presence of fine-grain size material hosting Citation: Lemos, M.; Valente, T.; Reis, substantial amounts of sulfides that exhibit distinct geochemical and mineralogical characteristics. P.M.; Fonseca, R.; Delbem, I.; Ventura, The samples from the ongoing plant show high grades of Fe in the form of oxides, cyanide, and J.; Magalhães, M. -
050304Anglogoldar FINAL.Q4
Key features – 2003 Key features – 2003 • Gold production down by 5% to 5.62Moz, as anticipated • Average Dollar gold spot price 17% higher at $363/oz, but 16% lower in Rand terms at R88,058/kg • Total cash costs rise 42% to $229/oz with strengthening local currencies • Adjusted headline earnings down by 23% to $282 million • Total dividend for the year of R7.10 per share, or $1.01 per ADS • Ore Reserves down 15% to 63Moz and Mineral Resources 26% lower at 213Moz at the end of December 2003, due to production depletion and changes to mine planning parameters. Throughout this document, $ refers to US Dollars, unless otherwise stated. For other abbreviations see glossary of terms on page 149. 2003 2002 Average for year Closing rate Average for year Closing rate R/$ 7.5516 6.6679 10.4835 8.5775 A$/$ 1.5406 1.3275 1.8383 1.7873 Certain forward-looking statements Certain statements contained in this document including, without limitation, those concerning the economic outlook for the gold mining industry, expectations regarding gold prices and production, the completion and commencement of commercial operations of certain of AngloGold’s exploration and production projects, and its liquidity and capital resources and expenditure, contain certain forward-looking statements regarding AngloGold’s operations, economic performance and financial condition. Although AngloGold believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. Accordingly, results could differ materially from those set out in the forward-looking statements as a result of, among other factors, changes in economic and market conditions, success of business and operating initiatives, changes in the regulatory environment and other government action, fluctuations in gold prices and exchange rates, and business and operational risk management. -
Extreme Prospects High Gold Prices Are Making It Worthwhile to Look for Gold in Some Unusual Places
OUTLOOK GOLD TOM FOX/DALLAS MORNING NEWS/CORBIS FOX/DALLAS TOM Miners walk between elevators en route to the depths of South Africa’s TauTona mine, the world’s deepest gold mine, 4 km below the surface. MINING Extreme prospects High gold prices are making it worthwhile to look for gold in some unusual places. BY BRIAN OWENS ounce in 2003 to almost $1,700 at the end of in the Peruvian Andes, 4,100 metres above 2012. At the same time, gold production has sea level, miners are digging deeper than ever he journey from the surface to the rock seen only marginal increases, with few new before, going to more remote locations and face at the bottom of TauTona, the world’s mines opening. And it’s getting a lot more politically volatile regions. deepest gold mine, takes almost an hour expensive to extract the gold. In 2000, the aver- At the same time, significant amounts of T— even with the lifts that bring the workers age cost of extracting an ounce of gold was just gold can easily be obtained without digging down each of the mine’s three shafts travelling over $200, says Jason Goulden, director of met- into the earth at all — just by recycling the at 58 km per hour. In the dark, hot, cramped als and mining at the SNL Metals Economics gold buried in the growing mountains of dis- tunnels nearly 4 km underground, workers Group in Halifax, Canada. By 2010, he says, it carded electronics. The advent of more effi- excavate a thin dipping vein of gold ore. -
OURO À MODA INGLESA Outros Dois Proprietários Mina Morro Velho
SINTONIA Edição Especial de Aniversário 8 de julho de 1834 mais de 100 anos, e teve no país para trabalhar na OURO À MODA INGLESA outros dois proprietários Mina Morro Velho. Até Finalizou-se o cial- Mr. Hering, representante antes de ser adquirida pela que as acomodações de - mente o processo de aqui- da empresa no Brasil. Ele Saint John Del Rey Mi- nitivas sejam providencia- sição da Mina Morro Ve- anunciou o começo da ning Company. Um dos das, os estrangeiros serão lho pela Saint John Del vigência das novas regras marcos da produção data acomodados no grande Rey Mining Company na de funcionamento após de 1814, quando 14 quilos casarão situado nas proxi- tarde de hoje, 8 de julho, recebimento de corres- de ouro foram extraídos. midades da mina. no Arraial de Congonhas pondência internacional O presidente da em- A instalação da compa- de Sabará. A companhia, com o contrato de compra presa, J. D. Powlers, in- nhia tem sido vista como que é proveniente da In- assinado. A expectativa de formou, em carta ao su- a oportunidade do início glaterra, já atuava no Bra- todos aqueles que estão perintendente Hering, de uma nova fase do ciclo sil, tendo iniciado os tra- acompanhando a novida- que a matriz londrina está do ouro em Minas Gerais. balhos no município de de é de que os trabalhos empenhada em enviar os Da nossa parte, há o dese- São João del-Rey em 1830. da empresa já estejam em melhores pro ssionais da jo de que isso se cumpra, Porém, a notícia sobre o pleno funcionamento ain- área da mineração, bem trazendo desenvolvimento potencial da já citada mina da neste ano. -
Adding Value to Natural Resources
ADDING VALUE TO NATURAL RESOURCES ANGLO AMERICAN PLC with its subsidiaries, joint ventures and associates is a global leader in the mining and natural resource sectors. It has significant and focused interests in gold, platinum, diamonds, coal, base metals, ferrous metals and industries, industrial minerals and paper and packaging, as well as financial and technical strength. The Group is geographically diverse, with operations in Africa, Europe, South and North America and Australia. Anglo American represents a powerful world of resources. Throughout this report,‘$’ means United States dollars. HEADLINE EARNINGS NET ATTRIBUTABLE OPERATING ASSETS H1 2003 (%) H1 2003 (%) 30 Europe 30 Europe 30 South Africa 36 South Africa 12 Americas 20 Americas 28 Rest of World 14 Rest of World 01 FINANCIAL HIGHLIGHTS Headline earnings per share increased by 2% to 61 US cents despite weakness of the US dollar. Strength from product and geographic diversity. Outstanding contribution from Diamonds, up 49%, strong performances from European Paper and Packaging and Industrial Minerals more than offset reduced earnings from Platinum, Gold and Coal. Geographic headline earnings significantly altered: H1 2003 H1 2002 Europe 30% 21% South Africa 30% 54% North and South America 12% 7% Rest of World 28% 18% Further cost savings and efficiency improvements of $127 million achieved. Strong cash generation: EBITDA up 9% at $2.4 billion; EBITDA interest cover of 14 times; annualised EBITDA return on total capital 19%. $6 billion expansion programme in progress. Interim dividend maintained at 15 US cents per share. Anglo American plc Interim Report 2003 02 CHAIRMAN’S AND CHIEF EXECUTIVE’S JOINT STATEMENT FIRST HALF RESULTS The new $147 million Copebrás phosphate fertiliser Headline earnings for the first half of 2003 of plant in the state of Goiás, Brazil, was officially $856 million (61 US cents per share) were 2% higher opened in April by the President of Brazil. -
Geology and Ore Deposits of the Nova Lima and Rio Acima Quadrangles Minas Gerais, Brazil
Geology and Ore Deposits of the Nova Lima and Rio Acima Quadrangles Minas Gerais, Brazil GEOLOGICAL SURVEY PROFESSIONAL PAPER 341-A Prepared in cooperation with the Departamento N acional da Producao Mineral of Brazil under the auspices of the International Cooperation Administration of the United States Department of State Geology and Ore Deposits of the Nova Lima and Rio Acima Quadrangles Minas Gerais, Brazil By JACOB E. GAIR GEOLOGY AND MINERAL RESOURCES OF PARTS OF MINAS GERAIS, BRAZIL GEOLOGICAL SURVEY PROFESSIONAL PAPER 341-A Prepared in cooperation with the Departamento Nacional da Producao Mineral of Brazil under the auspices of the International Cooperation Administration of the United States Department of State UNITED STATES GOVERNMENT PRINTING OFFICE, WASHINGTON : 1962 UNITED STATES DEPARTMENT OF THE INTERIOR STEWART L. UDALL, Secretary GEOLOGICAL SURVEY Thomas B. Nolan, Director For sale by the Superintendent of Documents, U.S. Government Printing Office Washington 25, D.C. CONTENTS Page Page Abstract 6 A-1 Intrusive rocks—Continued Introduction 6 2 Metamorphosed mafic and ultramafic rocks—Con. Location 6 3 Talc schist 6 A-45 Climate, drainage, and topography6 3 Metadiabase 646 Culture and accessibility6 4 Gneissic, granitic, and pegmatitic rocks 647 Mines and mineral exploration 6 4 Quartz veins 648 Field and laboratory work 6 4 Structure 6 48 Coordinate system for locations6 5 Bedding 648 Acknowledgments6 5 Schistosity 648 Geologic setting 6 5 Lineations_ 6 48 Previous investigations 6 6 Folds 6 49 Stratigraphy6 8 Rio das