AngloGold Ashanti as a responsible gold mining company with the purpose of Mining to Empower People and Advance Societies, and as a member of the WGC, welcomes the publication of the WGC’s 2023 data update on The Social and Economic Contribution of Gold Mining.
Using 2023 data, this update is the third in an annual series that demonstrates the sustained social and economic contribution of WGC members in the countries in which they operate.
In addition to the report, the WGC released 21 country profiles – showcasing country-specific social and economic contributions – for countries where two or more members operate.
In 2023, WGC member companies directly contributed a total of US$60.4bn to host economies. This comprised US$41.1bn of payments to in-country suppliers, US$11.0bn in employee wages and US$8.3bn in tax payments to governments.
On top of this, in 2023, contributions of over US$650mn were made to local communities and Indigenous groups in the 36 countries of operations. In 2023, WGC member companies directly employed close to 213,000 people and over 160,000 contractors.
Every job in the gold mining industry also supports six more indirect jobs in the supply chain or almost ten more if induced jobs are included (as per 2021 Report The Social and Economic Contribution of Gold Mining).
Recent company efforts to train and develop local skills, as opposed to bringing in expatriates, has led to an impressive 95% of employees coming from the host country of operation.
Use the link below to view the report:
http://spr.ly/6047tjgnV
Responsible gold mining contributes to the social and economic development of communities and countries around the world. Learn more about how in our latest data update: http://spr.ly/6047tjgnV