AngloGold Ashanti formed

AngloGold Ashanti (AGA) was formed in a merger between AngloGold and Ashanti Goldfields Ltd. 52% of its shares were controlled by Anglo American until 2009.

A report by a UN panel of experts named Ashanti Goldfields among 85 transnational companies operating in the Democratic Republic of Congo violating OECD Multinational Guidelines. Human Rights Watch documented that the company´s gold activities in Mongbwalu were linked to an armed militia who facilitated the gold exploration, which in turn funded weapons and human rights atrocities across the Ituri District.

Prosansky, Brandon. “Mining gold in a conflict zone: The context, ramifications, and lessons of Anglogold Ashanti’s activities in the Democratic Republic of the Congo.” Nw. Univ. J. Int’l Hum. Rts. 5 (2006): 236.

Human Rights Watch (2005) “The Course of Gold”