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 April 2, 2009
Commission File Number 1-14846
AngloGold Ashanti Limited
(Translation of registrant’s name into English)
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.
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):
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):
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.
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 MARKET UPDATE
news release
AngloGold Ashanti Limited \ (Incorporated in the Republic of South Africa)
(Reg. No.1944/017354/06) \ ISIN Number: ZAE000043485 \ NYSE symbol: AU \ JSE share code: ANG
Corporate Affairs Department: \ 3rd Floor \ 76 Jeppe Street \ Johannesburg \ 2001 \ South Africa
Tel +27 (0)11 637 6317 \ Fax +27 (0)11 637 6399/6400 \ www.AngloGoldAshanti.com
(Reg. No.1944/017354/06) \ ISIN Number: ZAE000043485 \ NYSE symbol: AU \ JSE share code: ANG
Corporate Affairs Department: \ 3rd Floor \ 76 Jeppe Street \ Johannesburg \ 2001 \ South Africa
Tel +27 (0)11 637 6317 \ Fax +27 (0)11 637 6399/6400 \ www.AngloGoldAshanti.com
2 April 2009
ANGLOGOLD ASHANTI MARKET UPDATE
AngloGold Ashanti expects first-quarter production of approximately 1.1 million ounces,
2.5 percent below previous guidance of 1.13 million ounces and this is anticipated to have a
proportionate impact on per unit cash costs.
The shortfall in output is due primarily to the slow start-up of the company’s South African
mines following the traditional Christmas break, as well as stoppages undertaken by
management to improve safety. AngloGold Ashanti's Geita mine also experienced a plant
breakdown which contributed to lower production volumes. These issues have now been
resolved and all other mines either achieved or exceeded their first-quarter targets with strong
performances from Sunrise Dam, Siguiri and Obuasi, which is successfully achieving its
turnaround targets.
Full-year guidance remains unchanged at 4.9 million to 5.0 million ounces at a total cash cost
of $435 to $450 an ounce, based on these previously stated assumptions: R9.75/$,
A$0.675/$, BRL2.25/$, Argentinean pesos 3.65/$ and fuel at US$50 per barrel.
"We've successfully addressed a number of challenges in the first quarter, while continuing our
drive to improve safety," Chief Executive Officer Mark Cutifani said. "I'm confident that we
remain well placed to meet our objectives for the year."
2.5 percent below previous guidance of 1.13 million ounces and this is anticipated to have a
proportionate impact on per unit cash costs.
The shortfall in output is due primarily to the slow start-up of the company’s South African
mines following the traditional Christmas break, as well as stoppages undertaken by
management to improve safety. AngloGold Ashanti's Geita mine also experienced a plant
breakdown which contributed to lower production volumes. These issues have now been
resolved and all other mines either achieved or exceeded their first-quarter targets with strong
performances from Sunrise Dam, Siguiri and Obuasi, which is successfully achieving its
turnaround targets.
Full-year guidance remains unchanged at 4.9 million to 5.0 million ounces at a total cash cost
of $435 to $450 an ounce, based on these previously stated assumptions: R9.75/$,
A$0.675/$, BRL2.25/$, Argentinean pesos 3.65/$ and fuel at US$50 per barrel.
"We've successfully addressed a number of challenges in the first quarter, while continuing our
drive to improve safety," Chief Executive Officer Mark Cutifani said. "I'm confident that we
remain well placed to meet our objectives for the year."
ENDS
Contacts
Tel:
Mobile:
E-mail:
Charles Carter
+27 (0) 11 637 6385
+27 (0)
82 3305373
cecarter@AngloGoldAshanti.com
Stewart
Bailey
(USA)
+1
646
717-3978
sbailey@AngloGoldAshanti.com
Joanne Jones (Media)
+27 (0) 11 637-6813
+27 (0) 82 896 0306
jjones@AngloGoldAshanti.com
Certain statements made in this communication, including, without limitation, those concerning AngloGold Ashanti’s strategy to reduce its
gold hedging position including the extent and effects of the reduction, 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 completion and commencement of commercial operations of certain of AngloGold Ashanti’s
exploration and production projects and completion of acquisitions and dispositions, AngloGold Ashanti’s liquidity and capital resources,
including its intentions and ability to refinance its $1 billion convertible bond, and expenditure and the outcome and consequences of any
pending litigation proceedings, contain certain forward-looking statements regarding AngloGold Ashanti’s operations, economic performance
and financial condition. 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, fluctuations in gold
prices and exchange rates, and business and operational risk management. For a discussion of such factors, refer to AngloGold Ashanti's
annual report for the year ended 31 December 2008, which was distributed to shareholders on 27 March 2009. 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. 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.
gold hedging position including the extent and effects of the reduction, 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 completion and commencement of commercial operations of certain of AngloGold Ashanti’s
exploration and production projects and completion of acquisitions and dispositions, AngloGold Ashanti’s liquidity and capital resources,
including its intentions and ability to refinance its $1 billion convertible bond, and expenditure and the outcome and consequences of any
pending litigation proceedings, contain certain forward-looking statements regarding AngloGold Ashanti’s operations, economic performance
and financial condition. 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, fluctuations in gold
prices and exchange rates, and business and operational risk management. For a discussion of such factors, refer to AngloGold Ashanti's
annual report for the year ended 31 December 2008, which was distributed to shareholders on 27 March 2009. 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. 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.
AngloGold Ashanti posts information that is important to investors on the main page of its website at www.anglgoldashanti.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.
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.
AngloGold Ashanti Limited
Date: April 2, 2009
By:
/s/ L Eatwell
Name:
L EATWELL
Title: Company Secretary
Title: Company Secretary