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ANGLOGOLD ASHANTI LIMITED - AngloGold Ashanti Employees Return to Work After Two-Year Pay Offer

Release Date: 06/09/2013 17:45
Code(s): ANG     PDF:  
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AngloGold Ashanti Employees Return to Work After Two-Year Pay Offer

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
6 September, 2013

AngloGold Ashanti Employees Return to Work After Two-Year Pay Offer

(Press Release -- Johannesburg) – AngloGold Ashanti can confirm that it has made an offer to its
unionised employees in South Africa, under the auspices of the gold industry’s collective bargaining
framework, with the aim of reaching a two-year wage settlement.

The National Union of Mineworkers, Solidarity and UASA (United Association of South Africa) have
indicated their members will accept the improved offer and employees, who had embarked on a strike
from 3 September 2013 at the Vaal River Operations, have reported for work. The focus will be on a
safe resumption of mining and ramp-up of production.

AngloGold Ashanti is awaiting receipt of a formal acceptance of the offer by the unions.

Under the agreement, pay levels will rise by between 7.5% and 8.0% in the first year effective as at 1
July 2013 and employees will receive Consumer Price Index (CPI)-linked increases in the second year,
effective 1 July 2014.

In the first year of the agreement, wages will be increased as follows:
•        8.0% for Category 4 and 5 employees (which include rock-drill operators)
•        7.5% for the balance of the workforce

In addition, the monthly living-out allowance, currently R1,640, will be increased to R2,000 by:
•        R180 from 1 September, 2013
•        R180 from 1 September 2014

AngloGold Ashanti’s Vaal River Operations which were impacted by this brief strike accounted for about
16% of AngloGold Ashanti’s production in 2012.



SPONSOR: UBS South Africa (Pty) Limited

ENDS
Contacts

Media                                     Tel:                                                                     E-mail:
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                                                                                       media@anglogoldashanti.com

Investors
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
Fundisa Mgidi (South Africa)             +27 11 6376763 / +27 82 821 5322                               fmgidi@anglogoldashanti.com
General inquiries                                                                                       investors@anglogoldashanti.com




Disclaimer
Certain statements contained in this document, 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, cost savings and other
operating results, return on equity, productivity improvements, growth prospects and outlook of AngloGold Ashanti’s operations,
individually or in the aggregate, including the achievement of project milestones, commencement and completion of commercial
operations of certain of AngloGold Ashanti’s exploration and production projects and the completion of acquisitions and dispositions,
AngloGold Ashanti’s liquidity and capital resources and capital expenditures 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 or forecasts 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 and forecasts 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 and political and market
conditions, the success of business and operating initiatives, changes in the regulatory environment and other government actions,
including environmental approvals, fluctuations in gold prices and exchange rates, the outcome of pending or future litigation
proceedings, and business and operational risk management. For a discussion of such risk factors, refer to the prospectus supplement
to AngloGold Ashanti’s prospectus dated 17 July 2012 that was filed with the SEC on 26 July 2013. 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,
readers 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 the date hereof 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: 06/09/2013 05:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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