(Ecofin Agency) - AngloGold Ashanti operates many major gold mines in Africa, including the Obuasi and Iduapriem mines in Ghana, Siguiri in Guinea, and Geita in Tanzania. It also holds shares in the Kibali mine in the Democratic Republic of Congo (DRC). These operations are projected to account for approximately 60% of the Group's gold production, estimated between 75 and 80 tonnes for 2024.

In the first nine months of 2024, AngloGold reported gold production of 1.12 million ounces (about 32 tonnes) in Africa. In its third-quarter report released on November 7, the London-based company noted a decrease of approximately 1% in gold production compared to 2023 (where it produced 1.13 million ounces from January to September).

The Geita, Siguiri, Iduapriem, and Obuasi mines maintained stable performance. However, the company noted an 8% year-on-year reduction in production from Kibali, a mine it co-owns with Barrick Gold in the DRC. Kibali delivered 229,000 ounces in the first three quarters of 2024 compared to 250,000 ounces last year.

Africa contributes about 60% of AngloGold's total production, a figure expected to rise significantly next year with the integration of the Sukari gold mine into the South African company's assets. AngloGold is finalizing its acquisition of Centamin. With this move, AngloGold will take control of Egypt's largest gold mine, which produces 500,000 ounces annually. Additionally, the Doropo gold project in Côte d'Ivoire is poised to enhance AngloGold's portfolio.

 Beyond Africa, the company also manages gold mines in Latin America and Australia, aiming for a gold production target of 2.65 to 2.85 million ounces by 2024.

 Emiliano Tossou