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AngloGold Ashanti South Africa Operations Update
AngloGold Ashanti Limited
(Incorporated in the Republic of South Africa \ Reg. No. 1944/017354/06)
ISIN No. ZAE000043485 – JSE share code: ANG \ CUSIP: 035128206 – NYSE share code: AU
Website: www.anglogoldashanti.com
News Release
2 November 2012
AngloGold Ashanti South Africa Operations Update
(Johannesburg) – AngloGold Ashanti employees at the Mponeng mine did not proceed underground
for yesterday’s day shift due to an illegal sit-in by about 100 of their colleagues and today, a similar
situation occurred with about 200 miners at the TauTona mine. In both cases these people, who
represent less than 2% and 5% of the respective workforces, returned safely to surface after holding
talks with the mines’ management.
At Mponeng, in addition to the work interruption underground, a building where miners’ headlamps
are stored and dispensed was damaged. Inspection and repair of the damaged building will take
place over the coming days, with the result that two days of normal work activity have been lost at
Mponeng and one at TauTona. Work at both mines is expected to resume as normal at the night shift
on Sunday 4 November.
Meanwhile, work has continued as normal at AngloGold Ashanti’s remaining South African mines:
Savuka, in the West Wits region, and – in the Vaal River region -- the Great Noligwa, Kopanang and
Moab Khotsong mines, along with the Surface Operations, which produce gold and uranium. These
operations all continue the process of ramping up to full production.
About AngloGold Ashanti’s South African Operations
AngloGold Ashanti’s South African operations accounted for approximately 32% of total group
production during the first half of the year. Prior to this dismissal process, approximately 35,000
people were employed across AngloGold Ashanti’s South African operations. This figure is inclusive
of contractors and those working on two major capital projects under way at the Moab Khotsong and
Mponeng mines. Under normal operating conditions, the Vaal River region typically accounts for
about 40% of AngloGold Ashanti’s South African gold production and all of the group’s uranium
production. The West Wits accounts for the balance.
AngloGold Ashanti is a member of the gold industry’s collective wage bargaining unit at the Chamber
of Mines and as such is committed to addressing demands regarding pay and other substantive
issues through this framework. At present, the gold industry is in the second year of a two-year wage
agreement with the latest increases, ranging from 8% to 10%, awarded to the workforce in July 2012,
under the agreement reached in 2011. A similar increase was awarded last year. South Africa’s
annual Consumer Price Inflation was 5% in August 2012. In addition, under the auspices of the Entry
Level Task Team established by the Chamber of Mines, major gold producers and the recognised
unions and associations during the 2011 wage talks, additional improvements to the current pay
structure were offered to workers on 18 October. A summary of this latest offer, agreed by the
members of the Chamber of Mines, the National Union of Mineworkers, Solidarity and the United
Association of South Africa, is contained in AngloGold Ashanti’s press release dated Friday,
28 October.
SPONSOR: UBS South Africa (Pty) Limited
ENDS
Contacts
__________________________________________________________________________________________________________________
Media
Alan Fine +27-11 637- 6383 / +27 (0) 83 250 0757 afine@anglogoldashanti.com
Chris Nthite +27 (0) 11 637 6388/+27 (0) 83 301 2481 cnthite@anglogoldashanti.com
Stewart Bailey +1 646 338 4337/ +1 212 858-7702 / +27 83 253 2021 sbailey@anglogoldashanti.com
General inquiries +27 11 637 6031 media@anglogoldashanti.com
Investors
Stewart Bailey +1 646 338 4337/ +1 212 858-7702 / +27 83 253 2021 sbailey@anglogoldashanti.com
Sabrina Brockman (US & Canada) +1 (212) 858 7702 / +1 646 379 2555 sbrockman@anglogoldashanti.com
Mike Bedford (UK & Europe) +44 779 497 7881 / +44 1225 93 8483 mbedford@anglogoldashanti.com
General inquiries +27 11 637 6059 investors@anglogoldashanti.com
Certain statements made in this communication, other than statements of historical fact, including, without limitation, those concerning the economic outlook for the gold
mining industry, expectations regarding gold prices, production, cash costs and other operating results, growth prospects and outlook of AngloGold Ashanti’s operations,
individually or in the aggregate, including the achievement of project milestones, the completion and commencement of commercial operations of certain of AngloGold
Ashanti’s exploration and production projects and the completion of acquisitions and dispositions, any plan regarding the restructuring of any of AngloGold Ashanti’s
operations, AngloGold Ashanti’s liquidity and capital resources and capital expenditure and the outcome and consequence of any potential or pending litigation or
regulatory proceedings or environmental issues, are forward-looking statements regarding AngloGold Ashanti’s operations, economic performance and financial
condition. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause AngloGold Ashanti’s actual results,
performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied in these forward-looking statements.
Although AngloGold Ashanti believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such
expectations will prove to have been correct. Accordingly, results could differ materially from those set out in the forward-looking statements as a result of, among other
factors, changes in economic, social, political and market conditions, success of business and operating initiatives, changes in the regulatory environment and other
government actions including environmental approvals and actions, fluctuations in gold prices and exchange rates, and business and operational risk management. For a
discussion of certain of these and other factors, refer to AngloGold Ashanti's annual report for the year ended 31 December 2011, which was distributed to shareholders
on 4 April 2012, the company’s 2011 annual report on Form 20-F, which was filed with the Securities and Exchange Commission in the United States on 23 April 2012
and the prospectus supplement to the company’s prospectus dated July 17, 2012 that was filed with the Securities and Exchange Commission on July 25, 2012. These
factors are not necessarily all of the important factors that could cause AngloGold Ashanti’s actual results to differ materially from those expressed in any forward-looking
statements. Other unknown or unpredictable factors could also have material adverse effects on future results. Consequently, stakeholders are cautioned not to place
undue reliance on forward-looking statements. AngloGold Ashanti undertakes no obligation to update publicly or release any revisions to these forward-looking
statements to reflect events or circumstances after today’s date or to reflect the occurrence of unanticipated events, except to the extent required by applicable law. All
subsequent written or oral forward-looking statements attributable to AngloGold Ashanti or any person acting on its behalf are qualified by the cautionary statements
herein.
This communication may contain certain “Non-GAAP” financial measures. AngloGold Ashanti utilises certain Non-GAAP performance measures and ratios in managing
its business. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, the reported operating results or cash flow from operations or
any other measures of performance prepared in accordance with IFRS. In addition, the presentation of these measures may not be comparable to similarly titled
measures other companies may use.
AngloGold Ashanti posts information that is important to investors on the main page of its website at www.anglogoldashanti.com and under the “Investors” tab on the
main page. This information is updated regularly. Investors should visit this website to obtain important information about AngloGold Ashanti.
Date: 02/11/2012 12:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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