General Information::  ::

Organisation Type/Location: Company in Ghana
Nick name/Abbrev.: AGC
Previous Name: Ashanti Goldfields Co Ltd
Exchange Market Name ISIN
New York Stock Exchange (NYSE)
Business Sector(s): Mining – Gold Mining
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Overview ::  ::
Ashanti Goldfields Company Ltd is an African-based international gold mining and exploration group with seven producing mines in four African countries – Ghana, Guinea, Tanzania and Zimbabwe. Total gold production by the company in 2003 was 1 621 919 ounces in 2002.
Nature of Business ::  ::
Government Auditor
Related Organisations ::  ::
has a share in: AngloGold Ashanti (Zimbabwe) (100%) – Harare, Zimbabwe
has a share in: Ghanian-Australian Goldfields Ltd (80%), Ghana
has a share in: Societe Ashanti de Guinee (85%), Guinea
has a share in: Teberebie Goldfields Ltd (90%), Ghana
has shareholder: Government of Ghana (20%) – Accra, Ghana
has shareholder: Lonmin Plc (32%) – Johannesburg, South Africa
is a client of: Snowden Mining Consultants – Johannesburg, South Africa
Related Facilities ::  ::
has a share in: Akrokeri – Gold Mine in Ghana
has a share in: Ayanfuri – Gold Mine in Ghana
has a share in: Geita – Gold Mine in Geita, Tanzania (50%)
has a share in: Mougongo – Gold Mine in Congo
has a share in: Teberebie – Gold Mine near Tarkwa, Ghana
has a share in: Youga – Gold Mine in Burkina Faso (45%)
Related Projects ::  ::
is principal in: Boddington project (33.33%)
Industry Activities by Country ::  ::
Gold Mining – Ghana
Gold Mining – Guinea
Ashanti operates the Siguiri Gold mine located in northeastern Guinea
Gold Mining – Tanzania
Gold Mining – Zimbabwe
Through its local subsidiary, Ashanti operates the Freda Rebecca gold mine in Zimbabwe.
Directors/Managers ::  ::
CEO and Group managing director: Dr SE Jonah (Sam)
Chairperson: Mr ME Beckett (Michael)
Chief Financial Officer: Mr S Venkatakrishnan (Srinivasan)
Director (Exec.): Mr TR Gibian (Thomas)
Executive Director – Corporate Relations: Mrs ED Ofori Atta ()
Chief Operations Officer: Mr TS Schultz (Trevor)
Group Secretary: Mr E Abankroh (Ernest)
General Counsel: Ms M Botsio-Phillips (Merene)
Director (Non-Exec.): Mr TE Anin (Theophilus Ernest)
Director (Non-Exec.): Baroness Chalker
Director (Non-Exec.): Dr CA Crocker (Chester)
Director (Non-Exec.): Mr E Haslam (Edward)
Director (Non-Exec.): Mr MP Martineau (Michael)
Director (Non-Exec.): Mr NJ Morrell (Nicholas)
Chairman of the Audit Committee: Mr P Tarsh (Philip)

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