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21.02.2013 General News

AngloGold Ashanti Congratulates Professor Jacob Gordon, Second Occupant of the Kwame Nkrumah Chair At Institute of African Studies, University of Ghana

Investing In Education To Generate Employment And Make Communities Better Off
AngloGold Ashanti Congratulates Professor Jacob Gordon, Second Occupant of the Kwame Nkrumah Chair At Institute of African Studies, University of Ghana
LISTEN FEB 21, 2013

Accra, Ghana – AngloGold Ashanti (AGA) participated at the installation of the second occupant of the Kwame Nkrumah Chair, Institute of African Studies (IAS) at the University of Ghana, welcoming Professor Jacob Gordon. The installation lecture was given 20th February 2013.

AGA's six year association with the Kwame Nkrumah Chair began in September, 2007, with initial funding support of US $400,000. The Kwame Nkrumah lectures are funded by AGA as part of the celebration of Dr. Kwame Nkrumah legacy.

The event, which was held at the Institute of African Studies at the University of Ghana Legon, was chaired by Prof. Ernest Aryeetey, Vice Chancellor of the University.Dignitaries present at the event were the Director of the Institute, Prof. AkosuaAdomakoAmpofo, Dr. Mercy Akrofi-Ansah, heads of department and faculty members.

“On behalf of the board, management and staff of AngloGold Ashanti, I wish to congratulate Professor Gordon on his installation in the Kwame Nkrumah Chair. AGA's work with the IAS reflects its commitment to development in education and business in Africa, in line with Nkrumah's vision,” said Peter Anderton, Senior Vice President, AGA Ghana, speaking at the event.

“AGA promotes study and research through partnerships with key educational establishments. Key to social and economic development, education is a cornerstone of AGA's pledge to make communities where it operates better off for its being there.”

AGAs support to IAS is part of its commitment to investing in education to generate employment and contribute to the general development and improvement to the livelihoods of its neighbouring communities. AGA has established twelve schools in Obuasi and seven schools in Iduapriem to support education in these communities.

AGA's investments in education also include partnerships for employee training with institutions such as the Ghana Institute of Management and Public Administration and the University of Cape Town. Between 2004 and 2011, AGA had committed 9 million dollars on internal training initiatives.

AGA makes significant investments in capacity building, training and skills development. Programmes are designed to generate employment opportunities for people in the communities in which AGA operates, across multiple economic sectors, not just mining.At a pan-African level, AGA supports the African Mineral Skills Initiative, in partnership with the United Nations Economic Commission for Africa.

The Initiative supports the Africa Mining Vision for the minerals sector by focusing on broad skills development in Africa and the locally-owned delivery of skills and opportunities through selected African mining schools.

About AngloGold Ashanti
AngloGold Ashanti is a global gold mining company and the world's third largest gold producer. Headquartered in Johannesburg, South Africa, AngloGold Ashanti has 20 operations on four continents and one of the gold industry's most successful exploration teams which work across both the established and new gold producing regions of the world.

This includes land positions in Colombia, Guinea and Australia, among others. AngloGold Ashanti employed 61,242 people, including contractors, in 2011 and produced 4.33Moz of gold, generating $6.6bn in gold income. Capital expenditure in 2011 amounted to $1.5bn. As at 31 December 2011, AngloGold Ashanti's Ore Reserve totalled 75.6Moz.

The primary listing of the company's ordinary shares is on the JSE Limited (JSE). Its ordinary shares are also listed on stock exchanges in London and Ghana, as well as being quoted in New York in the form of American Depositary Shares (ADSs), in Australia, in the form of CHESS Depositary Interests (CDIs) and in Ghana, in the form of Ghanaian Depositary Shares (GhDSs).

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