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Anglogold Ashanti Ltd

AU

Materials

1

exclusion reason

1 theme

Environmental Harm (1)
AU Materials Current as of April 2026

This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.

Environmental Damage
Since Oct 14, 2021

AngloGold Ashanti's Obuasi mine in Ghana has been the site of at least 11 officially reported cyanide spillages between 1989 and 2003, with the frequency increasing to approximately 13 spillages by 2006. Studies documented arsenic concentrations in process effluent averaging 10.0 mg/L — well above safe drinking water standards — along with cyanide at 21.6 mg/L and copper at 3.1 mg/L. More than 52% of the population in the mining area lacks potable water. The company's arsenic contamination at the Sansu tailings dam near Obuasi has been the subject of multiple peer-reviewed studies documenting elevated heavy metal concentrations in surrounding rivers and soils.

Separately, in 2015 AngloGold Ashanti's Guinea subsidiary forcibly displaced communities near its Siguiri gold mine. When residents of "Area One" refused the company's resettlement terms, AngloGold requested the Guinean government make the land available; state security forces including the Berets Rouges carried out evictions with violence, intimidation, and arbitrary arrests. Displaced families were resettled without water, schooling, or healthcare. A six-year mediation through the World Bank's Compliance Advisor Ombudsman concluded in September 2024 with a financial settlement. Norway's Government Pension Fund Global Ethics Council recommended divestment from AngloGold Ashanti in 2013 citing serious environmental damage in Ghana.

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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.

This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.

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