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REASONABLE COUNTRY OF ORIGIN INQUIRY AND INTERNATIONAL DUE DILIGENCE STANDARDS
Since 2013, we have taken an active role in voluntary standards that enable us to reasonably determine the country
of origin for the gold we produce as well as to demonstrate that we operate responsibly in keeping with international
standards. The standards we follow are:
· The World Gold Council Conflict-Free Gold Standard (WGC CFGS). This is an industry led approach to
combat the potential misuse of gold to fund illegal armed conflict and associated human rights abuses. The
standard is aligned to the Organisation for Economic Co-operation and Development (OECD) Due Diligence
Guidance and Supplement on Gold.
· The London Bullion Market Association (LBMA) Responsible Gold Guidance. The association
represents the interests of the participants in the wholesale gold market and its guidance includes refining
standards, good trading practices and standard documentation. AngloGold Ashanti's wholly owned and
operated Queiroz refinery in Brazil was one of the first three refineries in the world to be certified to the new
standard in June 2013.
AngloGold Ashanti has taken a public stand and played a leading role in developing the WGC CFGS; not only
because it is committed to responsible business practices and to making positive contributions to the societies in
which it operates, but also to deliver on obligations to stakeholders to ensure that the gold in its supply chain does
not fuel conflict, contribute to human rights abuses or breach international humanitarian law.
The CFGS comprises five parts. A toolkit was developed to assist companies in achieving compliance. This
includes background information, advice on compiling evidence packs, and checklists. A guidance document for
external assurers was also prepared.
Part A was assessed for all of AngloGold Ashanti's operations by a team in each region. Part A involves a conflict
and sanctions assessment of all of AngloGold Ashanti's mine locations and uses official sources on international
sanctions and conflict recognition. These include the European Union (EU), United Nations (UN) Security Council
and UK government sanction and embargo lists. As specified in the CFGS, external sources were also used to
evaluate the presence of conflict or high risk in the countries where AngloGold Ashanti operates or transports its
product. The Heidelberg Institute's Conflict Barometer was used to assess the location and intensity of conflicts
and this data, in turn, informed which countries would be reported on.
The Part A assessment indicated that AngloGold Ashanti is not operating in any countries that are subject to
international sanctions or embargoes relating to export and trade in gold. The DRC was identified as high-risk
according to the Heidelberg Conflict Barometer; however we have no controlled operations in that country.
The Part B assessment examines evidence in five areas to determine the company's conformance to the
CFGS;
· public commitment - whether there is a human rights policy in place;
· activities - found or not found culpable of abuses, using influence to prevent abuse by others;
· security - due diligence on security providers;
· payments and benefits-in-kind - disclosure of payments to governments, whether funding has been provided
to private groups accused of human rights abuses; and
· stakeholder engagement - vulnerable groups, systems for dealing with grievances.
AngloGold Ashanti has conducted extensive work to assess its conformance to the CFGS, including operations
not identified as conflict affected or high risk in the Part A assessment.