Anglogold Ld Restart of Operations Following Earthquake


 
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 
 
11 August 2014 
 
NEWS RELEASE 
 
AngloGold Ashanti Restarts Operations Following Earthquake 
 
(JOHANNESBURG) - AngloGold Ashanti is in the process of safely restarting its 
Great Noligwa and Moab Khotsong mines which were halted following a 5.3 
magnitude earthquake that originated in the vicinity of the town of 
Stilfontein, on August 5. 
 
The mines are being restarted in a phased fashion, following evaluation of 
seismic activity in the area and after thorough inspections of vertical shafts 
and horizontal underground infrastructure. Work has been underway over the past 
three days to complete these inspections ahead of the first production shift 
scheduled to start tonight, Monday August 11. Repairs to affected areas and 
equipment are ongoing. 
 
Based on the inspections to date, ongoing work underground and on surface, and 
an understanding of the likely power-supply scenarios, and assuming no further 
tremors affect production, AngloGold Ashanti estimates that the interruption to 
operations resulting from last week's earthquake will result in lost output of 
about 30,000oz of gold. This also includes down time at the Mine Waste 
Solutions surface operation, which was affected by an extended power 
interruption, and also down time at the neighbouring Kopanang mine which was 
taken off line to undertake a precautionary inspection of infrastructure. This 
estimate of lost production, and the consequential impact on unit costs, may be 
adjusted higher or lower as our recovery work continues. 
 
"Safety remains the top priority in restarting these operations as we 
ramp-upproductionlevels, which will take some time to complete," Mike O'Hare, 
AngloGold Ashanti's Chief Operating Officer: South Africa, said. "At no point 
will safety be compromised." 
 
In total, 3,300 people working underground when the earthquake occurred were 
safely hoisted to surface within seven hours of the event. Twenty-eight people 
were treated for minor injuries and discharged, while trauma counselling was 
provided to those employees and contractors who required it. Supervisors at 
those mines have been trained to identify our colleagues who may be suffering 
from post-traumatic stress, and to ensure that they receive proper care. 
 
AngloGold Ashanti is actively involved with local government and civic 
organisations in providing assistance where necessary as the local community 
continues to recover from this incident. 
 
More about AngloGold Ashanti 
 
AngloGold Ashanti is a global gold producer with 20 operations spanning 10 
countries. In 2013, AngloGold Ashanti produced 4.105Moz of gold at a total cash 
cost of $830/oz. In 2013, Moab Khotsong produced  212,000oz at a total cash 
cost of $797/oz and Great Noligwa produced 83,000oz at a total cash cost of 
$1,100/oz. Together, these two mines affected by last week's earthquake, 
accounted for roughly 7% of total group production last year. 
 
ENDS 
 
Sponsor to AngloGold Ashanti 
 
UBS South Africa (Pty) Limited 
 
Contacts 
 
Media 
 
Chris Nthite         +27 (0) 11 637 6388/+27 (0) 83 cnthite@anglogoldashanti.com 
                     301 2481 
 
Stewart Bailey       +27 81 032 2563 / +27 11 637   sbailey@anglogoldashanti.com 
                     6031 
 
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 
 
 
 
END
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