• The capitals
• Value creation

Key observations:

AngloGold Ashanti’s business model provides a succinct overview of how the business pursues its core strategic focus of creating value. The business model demonstrates all elements as required by the <IR> Framework (Section 4C), including demonstrating the company’s efforts to monetize the outcomes of its business model. Furthermore, the business model also provides information on the impacts of the company’s operations. These impacts on safety, natural resources and the environment represent some of the key issues faced by companies in the mining sector. AngloGold Ashanti has presented its business model in an interactive format which allows presentation of all the business model elements on a page – with click through links to more specific and / or detailed information. As part of this interactive presentation, links are also made to the capitals and where these are discussed further in the report.