ANGLOGOLD ASHANTI LIMITED: Update on Unprotected Strike at SA mines

ANGLOGOLD ASHANTI LIMITED: Update on Unprotected Strike at SA mines
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 
1 October 2012 
AngloGold Ashanti Update on Unprotected Strike at SA mines 
(Johannesburg) - AngloGold Ashanti confirms that its mines in South Africa
remain at a standstill amid the unprotected strike which began on 20 September
2012 at the Kopanang operation and spread to the remaining five operations on
25 September 2012. Our priority remains to protect the safety of our employees
and the communities in which we operate and we continue to work with the
authorities to that end. AngloGold Ashanti has safeguarded its own rights in
relation to the strike by obtaining a court interdict to formally declare the
work stoppage unprotected. 
"Clearly for South Africa's gold sector, as for many others, there is a very
clear trade-off between investing in the sustainability of our business and not
putting employment at risk," Chief Executive Officer Mark Cutifani said. "If
the current unprotected strike continues, it compounds the potential likelihood
of a premature downsizing of AngloGold Ashanti's South African operations." 
Our stance on the strike remains clear: 
* We are deeply disappointed that our employees have chosen to break their 

    commitment to the current wage agreement and collective bargaining
      * We do not intend to reward broken commitments, violence and threats of
      * We remain committed to our employees and the collective bargaining
    processes as a way to resolve our differences with recognized unions and
      * We are open to consider ideas to bring forward negotiations and work
    together with our social partners to renew our commitment to, and delivery
    on, our social compact for the mining industry, as agreed in the Mining
      * If striking employees return to work and engage in constructive discussion
    we will find a pathway to a sustainable and shared future
      * If the current unprotected strike continues, it compounds risks of a
    premature downsizing of AngloGold Ashanti's South African operations
      * In a country where roughly one in four people do not have work, it is
    incomprehensible that strikers are engaged in activities that threaten jobs
    in a cornerstone industry that is central to South Africa's growth
    aspirations, and where wage rates are highly competitive as compared to
    other labour intensive sectors in the country.
    About AngloGold Ashanti's South African Operations

AngloGold Ashanti's South Africa 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.

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,
under the agreement reached in 2011. A similar increase was awarded last year.
South Africa's annual Consumer Price Inflation is currently 5% in August.

SPONSOR: UBS South Africa (Pty) Limited




Alan Fine +27 83 250 0757

Stewart Bailey +1 646 338 4337 / +27 83 253 2021

General: +27 11 637 6031


Stewart Bailey (US & SA) +1 646 338 4337 / +27 83 253 2021

Sabrina Brockman (US & Canada) +1 (212) 858 7702 / +1 646 379 2555

Mike Bedford (UK & Europe) +44 779 497 7881 / +44 1225 93 8483

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, 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 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 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.




-0- Oct/01/2012 12:49 GMT

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