AngloGold Ashanti CEO Satisfied With Own Project Pipeline

The transcript discusses AngloGold Ashanti's strategy for replenishing its project pipeline through internal projects rather than acquisitions, highlighting the benefits of self-funding and avoiding shareholder dilution. It addresses the balance of risk and opportunity in investments, the company's competitive position, and its potential as a takeover target. The discussion also covers the impact of South African operations, currency fluctuations, and nationalization risks on the company's strategy.

What is one of the main reasons AngloGold Ashanti prefers internal projects over mergers and acquisitions?

• To decrease production

• To expand into new markets

• To reduce risk and cost

• To increase shareholder dilution

How does AngloGold Ashanti assess its projects before approval?

• By the project's duration

• Based on the number of employees

• By the project's location

• Through risk and return analysis

What is a potential advantage for an international buyer considering a takeover of AngloGold Ashanti?

• Access to free South African assets

• Expansion into new continents

• Reduction in operational costs

• Immediate increase in production

What factor is mentioned as a challenge to the South African operations of AngloGold Ashanti?

• Political instability

• Lack of resources

• Strong Rand

• High employee turnover

What is AngloGold Ashanti's stance on the risk of nationalization?

• They see it as a major threat

• They have no opinion on it

• They believe the risk is minimal

• They are planning to relocate