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3 pts

Opinion on  AngloGold Ashanti Ltd. (AU)     Sector: Basic Materials  >  Industry: Gold & Silver
AngloGold Ashanti Ltd.

Aug 05, 2008 03:39 PM UTC
Foto
Return Risk
-27.45% HIGH
Principal

Analyst Recommendation  

AngloGold Ashanti Limited engages in the mining, extraction, and production of gold in South Africa and internationally. It operates seven underground mines, including Great Noligwa, Kopanang, Tau Lekoa, Moab Khotsong, Mponeng, Savuka, and Tau Tona located in two geographical regions on the Witwatersrand Basin in South Africa. The company also owns a 92.5% interest in Cerro Vanguardia mine located in the northwest of Puerto San Julian in the province of Santa Cruz, Argentina; a 100% interest in Sunrise Dam mine and a 33.33% interest in Boddington mine located near Perth in Australia; a 100% interest in AngloGold Ashanti Brasil Mineracao and a 50% interest in Serra Grande mine in Brazil; and an 85% interest in Siguiri gold mine located in the northeast of the Republic of Guinea. In addition, AngloGold Ashanti holds interests in three mines in Mali, which include a 40% interest each in Morila mine and Yatela mine, and a 38% interest in Sadiola mine, as well as an 80% interest in Iduapriem mine and a 100% interest in Obuasi mine in Ghana. Further, it owns a 100% interest in the Navachab mine located in Namibia; a 67% interest in the Cripple Creek & Victor mine located southwest of Colorado Springs in the state of Colorado in the United States; and a 100% interest in Geita mine located southwest of the town of Mwanza in the northwest of Tanzania. AngloGold Ashanti also offers various by-products recovered as a result of the processing of gold ores, which include uranium, copper, sulphur, and silver. The company was incorporated in 1944 and is headquartered in Johannesburg, South Africa.
www.anglogold.co.za


AU:  This call was made on 08/05/08 @ $30.96
Rating:   Positive   $30.96 (08/05/08)
Gain/Loss:   -13.40% in 156 days
Target:   $49.00 (+58.27%) in > one year
Allocation:   0.0% of portfolio


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