AGD Anglogold Ash

 
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 
 
Website: www.anglogoldashanti.com 
 
News Release 
 
20 January 2013 
 
AngloGold Confirms Receipt of Strike Notice at South Africa Mines 
 
(Johannesburg)--AngloGold Ashanti confirms that the Association of Mineworkers 
and Construction Union (AMCU) has served notice that it intends to call a 
strike by its members at the company's South Africa operations, starting 
Thursday, 23 January 2014. The strike will also affect some mines owned and 
operated by other large, South African gold producers covered by the industry's 
collective bargaining structure. 
 
The strike has been called in respect of the 2013 wage negotiations.  These 
negotiations were concluded on 10 September 2013 when a multi-year agreement 
was reached between South Africa's major gold producers, represented in a 
collective bargaining forum by the Chamber of Mines, and three of the four 
unions (the National Union of Mineworkers, United Association of South Africa 
and Solidarity), representing 72% of the gold sector's employees at the time. 
AMCU, which represented about 17% of employees at the time and participated in 
the central level negotiations, did not accept the agreement. 
 
The September 2013 agreement was made applicable to all employees who form part 
of the bargaining unit, irrespective of their trade union affiliation. The 
agreed increase, of between 7.5% and 8% in the first year, was backdated to 1 
July 2013. AMCU members have all benefited from this increase. 
 
AMCU's certificate applying to this strike was obtained from the Council for 
Conciliation, Mediation and Arbitration in September 2013, prior to the 
agreement being made applicable to all employees in the bargaining unit. 
 
In terms of the `peace clause' contained in the existing wage agreement: there 
can be no strike action regarding terms and conditions of employment during the 
existence of the agreement; the issue of conditions of employment has been 
settled for the duration of the agreement; and no demands may be made during 
the course of the agreement. Accordingly, any strike action about terms and 
conditions of employment during the existence of the agreement will be in 
contravention of the `peace clause', and thus unprotected. 
 
Any strike action by AMCU members will be opposed by the gold producers covered 
in the wage agreement. 
 
SPONSOR: UBS South Africa (Pty) Limited 
 
ENDS 
 
__________________________________________________________________________________________________________________ 
Contacts 
 
Media 
 
Stewart Bailey              +27-81-032-2563/+27-11-637-6031 
 
Chris Nthite                +27-83-301-2481/+27-11-637-6388 
 
Investors 
 
investors@anglogoldashanti.com 
 
Stewart Bailey              +27-81-032-2563/+27-11-637-6031 
 
Fundisa Mgidi               +27-11-637-6763/+27-82-821-5322 
 
Sabrina Brockman            +1 (212) 858 7702 / +1 646 379 2555 
 
 
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, 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 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 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 the prospectus supplement to AngloGold Ashanti's 
prospectus dated 17 July 2012 that was filed with the United States Securities 
and Exchange Commission ("SEC") on 26 July 2013. 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. 
 
 
 
END 
 

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