UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
Report on Form 6-K dated October 26, 2012
Commission File Number 1-14846
AngloGold Ashanti Limited
(Name of registrant)
76 Jeppe Street
Newtown, 2001
(P.O. Box 62117, Marshalltown, 2107)
South Africa
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form
20-F or Form 40-F.
20-F or Form 40-F.
Form 20-F X
Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(1):
Regulation S-T Rule 101(b)(1):
Yes
No X
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(7):
Regulation S-T Rule 101(b)(7):
Yes
No X
Indicate by check mark whether the registrant by furnishing the information contained in this Form
is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes
No X
Enclosure: Press release
ANGLOGOLD ASHANTI WEST WITS EMPLOYEES START TO RETURN TO
WORK
WORK
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
(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
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
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 +27-11 637- 6383 / +27 (0) 83 250 0757
afine@anglogoldashanti.com
Chris Nthite +27 (0) 11 637 6388/+27 (0) 83 301 2481
cnthite@anglogoldashanti.com
Stewart Bailey +1 646 338 4337/ +1 212 858-7702 / +27 83 253 2021
sbailey@anglogoldashanti.com
General inquiries +27 11 637 6031
media@anglogoldashanti.com
Investors
Stewart Bailey +1 646 338 4337/ +1 212 858-7702 / +27 83 253 2021
Stewart Bailey +1 646 338 4337/ +1 212 858-7702 / +27 83 253 2021
sbailey@anglogoldashanti.com
Sabrina Brockman (US & Canada) +1 (212) 858 7702 / +1 646 379 2555
sbrockman@anglogoldashanti.com
Mike Bedford (UK & Europe) +44 779 497 7881 / +44 1225 93 8483
mbedford@anglogoldashanti.com
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, 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.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
AngloGold Ashanti Limited
Date: October 26, 2012
By:
/s/ M E SANZ PEREZ
Name:
M E Sanz Perez
Title: Group General Counsel and Company
Secretary
Title: Group General Counsel and Company
Secretary