Anglogold Ld Rand Refinery & Corporate Update

 
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 
 
25July 2014 
 
NEWS RELEASE 
 
ANGLOGOLD ASHANTI - RAND REFINERY AND CORPORATE UPDATE 
 
(JOHANNESBURG - PRESS RELEASE) - Shareholders are referred to today's 
announcement by Rand Refinery regarding a loan facility extended to it by 
certain of its shareholders, as a precautionary measure. This follows 
challenges encountered in the implementation of a new Enterprise Resource 
Planning system at the refinery. AngloGold Ashanti confirms its participation 
in the loan facility. 
 
AngloGold Ashanti owns a 42.41% stake in the Rand Refinery and accounts for it 
using the equity accounting method as an associate. AngloGold Ashanti expects 
to make a provision in its accounts for $51m, which will impact second quarter 
earnings scheduled for release on August 11. 
 
In addition, AngloGold Ashanti notes that costs incurred in the previously 
announced closure of the Yatela mine in Mali, and ongoing restructuring at its 
Obuasi mine in Ghana, will also impact earnings for the second quarter. 
 
Over the past 18 months, AngloGold Ashanti has taken decisive steps to adapt to 
the sharp decline in the gold price by reducing costs and improving the overall 
quality of its portfolio to improve cash flow and returns. Part of that 
strategy is the closure of its Yatela mine in Mali and implementation of a 
range of interventions to address historic underperformance of the Obuasi mine 
in Ghana. 
 
Sponsor to AngloGold Ashanti 
 
UBS South Africa (Pty) Limited 
 
ENDS 
 
Contacts 
 
Media 
 
Chris Nthite            [phone]/+27 (0)  [e-mail] 
                        83 301 2481 
 
Stewart Bailey          [phone] / +27 11 637 [e-mail] 
                        6031 
 
Investors 
 
Stewart Bailey         [phone] / +27 11    [e-mail] 
                       637 6031 
 
Sabrina Brockman (US & [phone] / +1 646  [e-mail] 
Canada)                379 2555 
 
Fundisa Mgidi (South   [phone] / +27 82 821 [e-mail] 
Africa)                5322 
 
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, all-in sustaining 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 consequences of any potential or pending 
litigation or regulatory proceedings or environmental, health, and safety 
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 AngloGold Ashanti's annual report on Form 20-F for the year 
ended 31 December 2013 which was filed with the United States Securities and 
Exchange Commission ("SEC") on 14 April 2014. 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. 
 
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 
 
 
 
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