Review of the year
PDF icon Review of operations: Zimbabwe (PDF - 31 KB)

Review of operations

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Zimbabwe

The Freda-Rebecca, a former Ashanti operation, was owned by AngloGold Ashanti for only four months of 2004.

Freda-Rebecca

Description: AngloGold Ashanti had a 100% interest in the Freda-Rebecca underground mine, which it sold to South African-based Mwana Africa Holdings for $2 million with effect from 1 September 2004. The mine is located at Bindura, north of Harare, in Zimbabwe.

Freda-Rebecca2004*
Pay limit (oz/t)  
Pay limit (g/t)  
Recovered grade (oz/t) 0.048
Recovered grade (g/t) 1.66
Gold production (000oz) 9
Total cash costs ($/oz) 417
Total production costs ($/oz) 589
Capital expenditure ($ million) 1
Total number of employees 745
   Employees 687
   Contractors 58
* For the four months from May 2004 to August 2004.
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Annual Report 2005