ANGLOGOLD ASHANTI LIMITED: AngloGold Ashanti’s Mponeng Mine Resumes Production

ANGLOGOLD ASHANTI LIMITED: AngloGold Ashanti’s Mponeng Mine Resumes 
Production
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 
14 November 2012 
AngloGold Ashanti's Mponeng Mine Resumes Production 
(Johannesburg) - AngloGold Ashanti is pleased to report that normal operations
have resumed at its Mponeng mine in South Africa following successful
engagement with employee and trade union representatives over the past week. 
All mining and processing at Mponeng was suspended on November 6, after two
underground sit-ins by a group of workers and some vandalism to property led to
management concerns that safe working conditions could not be assured. Talks
between AngloGold Ashanti's South Africa regional management and
representatives of unions and associations in the intervening period culminated
in the agreement by all parties of a set of guiding principles that will govern
safe work and labour relations at Mponeng in future. This document, signed by
the local branches of the National Union of Mineworkers, Solidarity, The United
Association of South Africa and worker representatives of The Association of
Mineworkers and Construction Union at a public meeting on 10 November, covers a
series of issues including: the importance of safety; freedom of association
for all workers; transparency and honesty in all interactions; respect for rule
of law and rejection of intimidation; a collective commitment to effective
dispute resolution; and acknowledgement of the sanctity of collective
bargaining. The return to work at Mponeng was based on the same wages and
working conditions applicable at the company's other South African operations. 
"This is an important set of guiding principles, drafted and agreed between
AngloGold Ashanti and a diverse group of labour representatives," Mike O'Hare,
AngloGold Ashanti's executive vice president of South Africa, said. "These
principles provide a good foundation for a constructive relationship into the
future which is essential for all stakeholders given the long-term nature of
this business." 
With the successful restart of Mponeng, all six of AngloGold Ashanti's
underground mines in South Africa, as well as its surface operations, are now
operating and ramping up to full production. As discussed at the third-quarter
results presentation on 8 November, AngloGold Ashanti will evaluate underground
conditions in reviewing the time needed for Mponeng's production build-up,
before releasing cost and production guidance for the fourth quarter. 
About AngloGold Ashanti's South African Operations 
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. 
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
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. In
addition, under the auspices of the Entry Level Task Team established by the
Chamber of Mines, major gold producers and the recognised unions and
associations during the 2011 wage talks, additional improvements to the current
pay structure were offered to workers on October 18. 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, is
contained in AngloGold Ashanti's press release dated Friday 28 October. 
SPONSOR: UBS South Africa (Pty) Limited 
ENDS 
Contacts 
Media                    Tel:                      E-mail:                       
                                                                               
Alan Fine                +27-11 637- 6383 / +27    afine@anglogoldashanti.com    
                       (0) 83 250 0757                                         
                                                                               
Chris Nthite             +27 (0) 11 637 6388/+27   cnthite@anglogoldashanti.com  
                       (0) 83 301 2481                                         
                                                                               
Stewart Bailey           +1 646 338 4337/ +1 212   sbailey@anglogoldashanti.com  


                           858-7702 / +27 83 253                                  
                           2021                                                   


                                                                               
General inquiries        +27 11 637 6031           media@anglogoldashanti.com    
                                                                               
Investors                                                                        
                                                                               
Stewart Bailey           +1 646 338 4337/ +1 212   sbailey@anglogoldashanti.com  


                           858-7702 / +27 83 253                                  
                           2021                                                   


                                                                               
Sabrina Brockman (US &   +1 (212) 858 7702 / +1    
sbrockman@anglogoldashanti.com
Canada)                  646 379 2555                                            
                                                                               
Mike Bedford (UK &       +44 779 497 7881 / +44    
mbedford@anglogoldashanti.com 
Europe)                  1225 93 8483                                            
                                                                               
General inquiries        +27 11 637 6059           
investors@anglogoldashanti.com 
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
expenditures and the outcome and consequence of any potential or pending
litigation or regulatory proceedings or environmental issues, are
forward-looking statements or forecasts 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,
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 17 July
2012 that was filed with the Securities and Exchange Commission on 25 July
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. 
END 
-0- Nov/14/2012 14:31 GMT
 
 
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