Anglogold Ashanti - Updates guidance on power shortage in Ghana

     Anglogold Ashanti - Updates guidance on power shortage in Ghana            
     AngloGold Ashanti Limited                                                  
     Incorporated in the Republic of South Africa                               
Registration Number: 1944/017354/06)                                       
     ISIN Number:ZAE000043485                                                   
     JSE Share Code: ANG                                                        
     ("AngloGold Ashanti" or "the Company")                                     
AngloGold Ashanti updates guidance on power shortage in Ghana              
        In discussions between the Volta River Authority (VRA) and the Chamber  
     of Mines in Ghana, the industry has agreed to collaborate with the         
     authority and the Government in a range of activities designed to minimise 
the impact of the power shortage on the economy and the mining industry and
     provide for a sustainable solution for the future.                         
        In the short term, although there are indications that the water level  
     of the Akosombo Dam is beginning to rise, the Chamber and its members have 
undertaken to assist with expediting the repair of the thermal unit at the 
     Aboadze plant in Takoradi.                                                 
        In the longer term, Chamber member companies have offered project and   
     logistical management capacity to assist with the repair and maintenance of
various facilities and with the construction of additional permanent energy
     capacity in the country.                                                   
        In respect of AngloGold Ashanti"s Ghanaian operations, the following    
     should be noted.                                                           
Obuasi is currently achieving power savings from the grid in the region 
     of 25% without substantial production losses.  Standby power is being      
     generated by diesel-driven generator sets, at a cost of some $1.8m per     
     month.  This is not a sustainable solution due to the reliability of the   
generator sets and the risks associated with reliance on deliveries of     
     diesel fuel by road transport. In the event that a significantly higher cut
     in power became necessary, this would result in a substantial loss in gold 
     production. In the event that the 25% power reduction continues for the    
remainder of this month, we are forecasting production at Obuasi for the   
     quarter of approximately 90,000oz, some 10,000oz down on our previous      
     expectation.                                                               
        As a surface operation, Iduapriem"s production is more sensitive to     
power reductions as some 60% of the energy consumption is consumed by the  
     mills.  Because of this, a reduction in power consumption of 25% would     
     result in a 30% reduction in production, while a cut of more than 25% is   
     likely to result in stopping the operation"s remaining mill, leading to a  
shut down of the mine. The company is in ongoing discussions with the      
     Electricity Company of Ghana (ECG) regarding potential reductions in power 
     consumption. Thus while Iduapriem is currently on track with its budgeted  
     production for the quarter, a 25% cut in power would result in a reduction 
in production from around 52,000oz to approximately 48,000oz, for the third
     quarter.                                                                   
        At Bibiani, in terms of a daily power management agreement with the ECG 
     that has the effect of reducing consumption by around 25%, the mine will be
able to mill close to its daily target and it is possible that production  
     for the month will not be significantly affected by this situation.        
     Budgeted production and costs for the quarter therefore remain on track.   
        JSE Sponsor - UBS                                                       
ends                                                                    
        Johannesburg                                                            
        6 September  2006                                                       
     Queries                                                                    
South Africa     Tel:                 Mobile:                              
     Charles Carter   +27(0)11 637 6385    +27(0)82 3305373                     
     E-mail:  cecarter@AngloGoldAshanti.com                                     
     Steve Lenahan    +27(0)11 637 6284    +27(0)83 3082200                     
slenahan@AngloGoldAshanti.com                                              
Date: 06/09/2006 02:05:57 PM Supplied by www.sharenet.co.za                     
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