Changes made to improve corporate governance included: As with most of the world, this year was one of the most challenging in the life of this organisation. The company announced on 30 July 2020 that former CEO, Mr Dushnisky, was to step down effective 1 September 2020. *Converted at the average Continued the focus on extending mine lives and improving operating flexibility through exploration. The table below summarises the comparator group: In January 2020, annual increases resulted in each member of the executive management team receiving an increase in line with the CPI in their respective jurisdictions. through to non-managerial staff: The graph below illustrates the remuneration mix of all Executive Committee members, Ore Reserve increased by 6.1Moz on a gross basis and production life was extended to 11 years from nine years. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Actual individual targets and strategic objectives are not disclosed in order to maintain commercial confidentiality in competitive markets. message, contactez-nous l'adresse on historic grounds. Ore Reserve additions pre-depletion (Moz), Mineral Resource additions pre-depletion (Moz), Base pay for four months as at December 2020 (all offshore payments converted to ZAR at exchange rate of ZAR 16.4506: USD1, Ms Ramon: CFO from 1 January 2020 to 31 August 2020 and Interim CEO from 1 September 2020 to 31December2020, Mr Kramer: Interim CFO (in his capacity as a prescribed officer) from 1 September 2020 to 31 December 2020. The dam is safe, stable, and compliant with Brazilian regulations, AngloGold said. These interim appointments were effective from 1 September 2020. The executive base salary is targeted at the 50th percentile of the specific role as measured on the job sizing (IPE . For a discussion of such risk factors, refer to AngloGold Ashantis annual report on Form 20-F has each been filed with the United States Securities and Exchange Commission (SEC). the following deliverables: These metrics are defined and further broken down into their specific elements of, for example, AngloGold Ashanti confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and, in the case of estimates of Mineral Resource or Ore Reserve, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. Step-By-Step Pay Equity Analysis Guide Product Guide By clicking Download Product Guide, Do you know what your employees really want for the holidays? See here for a complete list of exchanges and delays. AngloGold has declined 9% in Johannesburg trading since it was announced hes leaving. Actively involved in the Tanzanian discussions to recover the outstanding VAT receivable. US$2,376,553 Compensation Mr. Alberto Calderon Zuleta, PhD, MPhil, MA, Juris Doctor, BA, is Chief Executive Officer at AngloGold Ashanti Limited since September 1, 2021 and served as its Executive Director since September 1, 2021 u. Non-manager mix is illustrated by an example of all Paterson C level and below employees in the South The company's all-in sustaining costs a measure of the overall cost of mining increased by 2% year over year, while total cash costs per ounce increased by 6%. Africa region. The remuneration policy and implementation report for reporting period 2019 were tabled for two separate, non-binding advisory votes at the Annual General Meeting (AGM) held on 10 June 2020, in line with the JSE Listings Requirements and King IV recommendations. The company confirms that the form and context in which the Competent Persons findings are presented have not been materially modified from the original market announcement. Remuneration is comprised of guaranteed and at risk or variable elements which vary in quantum and design, based on the organisational level and the area in which employees operate. economics of the Read also:Gold stocks have enjoyed record rally, but theyve lost their lustre for foreign investors. As ever, we have been guided in our decision making by the principles of fair and responsible pay, with particular emphasis on recognising the contribution of all employees within AngloGold Ashanti. Please enable Cookies and reload the page. In accordance with AngloGold Ashantis Amendment to the Programme Ms Tirelo Sibisi, Executive Vice President: Group Human Resources, resigned effective 1 April 2021; her last day of employment will be 30 September 2021. AngloGold Ashanti Limited, as the company exists today, was formed on 26 April . Compensation vs Market: Alberto's total compensation ($USD2.38M) is about average for companies of similar size in the ZA market ($USD2.63M). Ms Maria Sanz Perez, Executive Vice President: General Counsel and Company secretary resigned effective 30 June 2020. duly approved, agreement was entered into with the Ghana Mineworkers Union (GMWU) The importance of safe production underpinning strong performance was always emphasised. Investors should visit this website to obtain important information Christine Ramon will remain as Interim CEO until Calderon takes up his new position. Felix Njini Want the lowdown on European markets? Managers who receive cash payments as production bonuses will still qualify for an award of deferred Maximum DSP share awards opportunity: 300%, Total DSP opportunity: 450% (as % of base pay), Maximum DSP cash bonus opportunity: 127.5%, Maximum DSP share awards opportunity: 277.5%, Total DSP opportunity: 405% (as % of base pay), Board statement of responsibility and commitment, World in which we operate and strategic response, Managing our risks and acting on opportunities, Integrated stakeholder engagement and material issues, The year of Covid-19 impact, response and management, Audit and Risk Committee Chairpersons report, Leadership board and executive management, Remuneration and Human Resources Committee: Chairpersons letter, Relative total shareholder return (measured in US$), Halfway between median and upper quartile, Absolute total shareholder return (measured in US$), Ore Reserve additions (pre-depletion, asset sales, mergers and acquisitions), Mineral Resource (pre-depletion, asset sales, mergers and acquisitions), Major hazard management critical control percentage compliance, Number of critical control registers established for site-specific, material health risks (as captured in AuRisk) at each operation, Compliance with occupational exposure monitoring programmes for noise and dust at each operation, Number of reportable environmental incidents at operating mines, Greenhouse gas emissions intensity at gold producing operations, measured in kg CO, Number of business disruptions as a result of community unrest, Good progress on the company strategy was achieved, including concluding agreements for the sale of the Sadiola mine, the South African assets to Harmony and the appropriate decision to retain Cerro Vanguardia operation in Argentina, Despite the challenges associated with COVID-19, which surfaced materially in late Q1, production, costs and capital expenditures were all delivered according to plan, Successful and effective engagement with all stakeholders, including host governments and communities, shareholders (large and small) and employees, Successful implementation of effective and efficient disaster management controls to ensure the safety of employees, while trying to balance the need to resume normal activities and safeguard livelihoods, Ore Reserve additionspre-depletion(Moz), Mineral resource additionspre-depletion(Moz), Safety, health, environment and community. lowest paid employees and to create stronger levels of trust with employees and stakeholders, he Low injury rates also indicate the robustness of systems and the durability of an organisational culture. A shift towards, Handling involuntary termination is a likely occurrence for human resources managers and, Return better results with Payscale job search, Compare real living costs across different states, Consider potential directions your career can take, Calculate the 20-year net ROI for US-based colleges, Are you the kind of person who struggles to get a handle, Learn where the best career earners attended college. We made amendments to the remuneration policy to more closely align management and shareholder interests and strengthen corporate governance. At AngloGold Ashanti, our goal is to develop people and encourage a workplace that allows every person to contribute, learn and flourish. enviando un correo electrnico a Use our tool to get a personalized report on your market worth. Our focus has remained on employee health, wellbeing and safety throughout. Our Standards: The Thomson Reuters Trust Principles. Other unknown or unpredictable factors could also have material adverse effects on future results. Although AngloGold The committee applied downward discretion removing the incentive award for safety in light of the fatal accidents at the South Africa and Ghana operations. scusiamo se questo pu causarti degli inconvenienti. AngloGold Ashanti utilises certain Non-GAAP performance The table below furthermore details the results of shareholder voting at the 2019 and 2018 AGMs. AngloGold Ashanti employees at a cost of $210m. AngloGold Ashanti deploys globally-mobile employees to fill roles on a short- to mediumterm of severance benefits to employees before the end of the fourth quarter, agreements were AngloGold Ashanti's CEO is Alberto Zuleta, appointed in Sep 2021, he has a tenure of 1.75 years. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. to let us know you're having trouble. The Board of AngloGold Ashanti has announced the appointment of Alberto Calderon as CEO of the company, effective 1 September 2021. targeted at the 75th percentile. Enhanced board reporting and ensured that the board was kept abreast of material developments. I am pleased to present the AngloGold Ashanti remuneration report for the year ended 31 December 2020. . reduce the number of these globally mobile employees through localisation, repatriation, AngloGold Ashanti undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except to the extent required by applicable law. employee value proposition. NUM and AMCU. Unnecessary supervisory levels have Ashantis exploration and production projects and the completion real person. Free cash flow generation increased five-fold to $743m and helped drive net debt down to $0.6bn, the lowest level since 2011. From the December 2006 launch date until Mercer conducts a biennial bespoke survey of executive management team remuneration. below budget. Details of the share incentive scheme awards follow below. After just two years in charge Kelvin Dushnisky is to step down. During 2014, we continued to work with organised labour representatives to engage them The safety award was eliminated in light of the fatal accidents at the South Africa and Ghana operations. maximum earning potential. Used to enhance the The highest reported salary for an employee at AngloGold Ashanti is currently $NaN / year, Streamlined solutions for every step of the compensation management journey, Continuously updated compensation datasets from Payscale and our partners, Flexible, customizable services and support for Payscale customers, End comp guesswork with our free job-pricing tool, From collection to validation, our data methodology delivers certainty, Meet the leaders dedicated to empowering better conversations around pay, Track and compare wage-growth by city, industry, company size, and job category, Access helpful tools and insights for career planning and salary negotiation, Explore real-world career trends and advice from the leaders in compensation, Uncover detailed salary data for specific jobs, employers, schools, and more, Take our salary survey to see what you should be earning. , the lowest level since 2011 real-time and historical market data and insights from sources! 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