Anglogold Ld West Wits Employees Start to Return to Work

 
TIDMAGD 
 
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 
 
26 October 2012 
 
AngloGold Ashanti West Wits Employees Start to Return to Work 
 
(Johannesburg) - AngloGold Ashanti is pleased to report that most workers have 
started returning to the three West Wits mines this morning. These workers join 
their colleagues at the Vaal River operations who returned to work on Monday, 
22 October and Tuesday, 23 October 2012. 
 
Large numbers of employees at the Mponeng, TauTona and Savuka mines returned to 
work this morning and the focus now is on preparing these operations to ramp up 
production safely. The dismissal process announced on 26 October 2012 will 
continue for those who do not return to work. 
 
The unprotected strike started at the Kopanang Mine in the Vaal River region on 
20 September and at the remainder of AngloGold Ashanti's South African mines on 
25 September. About 32,000oz of gold production was lost each week the six 
mines were idle. 
 
Further details on the impact of the unprotected strike, the settlement and the 
ramp-up process will be provided along with AngloGold Ashanti's operating and 
financial results on 8 November 2012. 
 
About AngloGold Ashanti's South African Operations and the Current Strike 
 
AngloGold Ashanti's South African operations accounted for approximately 32% of 
total group production during the first half of the year. Approximately 35,000 
people are 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 central collective 
bargaining process under the auspices of 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. The aforementioned 2011 agreement also 
established an Entry Level Task Team to address entry-level wages and related 
issues. Additional improvements to the current pay structure were offered to 
workers on 18 October to address items contained in the terms of reference 
given to the Entry Level Task Team. 
 
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, as it pertains to AngloGold Ashanti's employees, includes the 
following: 
 
  * Category 3 employees will be rolled up to Category 4, the new entry level; 
 
  * Salaries of the Category 4 to 8 employees will be raised by 2%; 
 
  * A new level for Loader, Locomotive, Winch and Water Jet Operators will be 
    created within Category 4 and their basic rates will be adjusted by R400 
    per month and; 
 
  * Rock Drill Operators will have their basic rate adjusted by R500 
 
SPONSOR: UBS South Africa (Pty) Limited 
 
ENDS 
 
__________________________________________________________________________________________________________________ 
Contacts 
 
Media 
 
Alan Fine                               [phone] / [phone] 
0757                               [e-mail] 
 
Chris Nthite                            [phone]/[phone] 
2481                             [e-mail] 
 
Stewart Bailey                        [phone]/ [phone] / +27 83 
253 2021           [e-mail] 
 
General inquiries                   [phone] 
 
[e-mail] 
 
Investors 
 
Stewart Bailey                        [phone]/ [phone] / +27 83 
253 2021          [e-mail] 
 
Sabrina Brockman (US & Canada) [phone] / +1 646 379 
2555                           [e-mail] 
 
Mike Bedford (UK & Europe)        [phone] / [phone] 
8483                              [e-mail] 
 
General inquiries                  [phone] 
 
 [e-mail] 
 
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. 
 
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