ANGLOGOLD ASHANTI LIMITED - Threatened strike by AMCU

PR Newswire

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 sharecode: AUWebsite: www.anglogoldashanti.comNews Release30 January 2014Threatened strike by AMCU declared unprotected by Labour Court interim interdict(ANGLOGOLD ASHANTI - Press Release) AngloGold Ashanti is pleased to advise thatSouth Africa's Labour Court has today ruled that a strike threatened by theAssociation of Construction and Mineworkers Union (AMCU) at the company's SouthAfrica mines would be unprotected, and that employees should continue toproceed to work. The ruling given by Judge Edwin Molahlegi, on behalf of JudgeHamilton Cele, ruled that AMCU must return to court on 14 March 2014 to explainwhy this interim interdict that was applied for by the Chamber of Mines shouldnot be made permanent.AMCU sought to proceed with strike action on a number of gold mining operationswith effect from 20 January 2014 in relation to the wage agreement that wasfinalised in September 2013 in the gold sector between the employers and theNational Union of Mineworkers, UASA and Solidarity and which was applied to allemployees in the represented bargaining units. Together, these three unionsrepresented 72% of employees in the sector. The agreed increases and improvedbenefits were backdated to 1 July 2013 and all employees, irrespective of unionaffiliation, have been in receipt of these since September 2013.An urgent interdict brought to the court by the gold producers was heard on 19January, and Judge Cele ordered that strike action be held in abeyance untiltoday's ruling.SPONSOR: UBS South Africa (Pty) LimitedENDSContactsMediaChris Nthite         +27 (0) 11 637 6388/      [email protected]                     +27 (0) 83 301 2481Stewart Bailey       +27 81 032 2563 /         [email protected]                     +27 11 637 6031General inquiries                              [email protected] Bailey       +27 81 032 2563 /         [email protected]                     +27 11 637 6031Sabrina Brockman (US +1 (212) 858 7702 /       [email protected]& Canada)            +1 646 379 2555Fundisa Mgidi (South +27 11 6376763 /          [email protected])              +27 82 821 5322General inquiries                              [email protected] statements contained in this document, other than statements ofhistorical fact, including, without limitation, those concerning the economicoutlook for the gold mining industry, expectations regarding gold prices,production, cash costs, cost savings and other operating results, return onequity, productivity improvements, growth prospects and outlook of AngloGoldAshanti's operations, individually or in the aggregate, including theachievement of project milestones, commencement and completion of commercialoperations of certain of AngloGold Ashanti's exploration and productionprojects and the completion of acquisitions and dispositions, AngloGoldAshanti's liquidity and capital resources and capital expenditures and theoutcome and consequence of any potential or pending litigation or regulatoryproceedings or environmental issues, are forward-looking statements regardingAngloGold 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 actualresults, performance or achievements to differ materially from the anticipatedresults, performance or achievements expressed or implied in theseforward-looking statements. Although AngloGold Ashanti believes that theexpectations reflected in such forward-looking statements and forecasts arereasonable, no assurance can be given that such expectations will prove to havebeen correct. Accordingly, results could differ materially from those set outin the forward-looking statements as a result of, among other factors, changesin economic, social and political and market conditions, the success ofbusiness and operating initiatives, changes in the regulatory environment andother government actions, including environmental approvals, fluctuations ingold prices and exchange rates, the outcome of pending or future litigationproceedings, and business and operational risk management. For a discussion ofsuch risk factors, refer to the prospectus supplement to AngloGold Ashanti'sprospectus dated 17 July 2012 that was filed with the United States Securitiesand Exchange Commission ("SEC") on 26 July 2013. These factors are notnecessarily all of the important factors that could cause AngloGold Ashanti'sactual results to differ materially from those expressed in any forward-lookingstatements. Other unknown or unpredictable factors could also have materialadverse effects on future results. Consequently, readers are cautioned not toplace undue reliance on forward-looking statements. AngloGold Ashantiundertakes no obligation to update publicly or release any revisions to theseforward-looking statements to reflect events or circumstances after the datehereof or to reflect the occurrence of unanticipated events, except to theextent required by applicable law. All subsequent written or oralforward-looking statements attributable to AngloGold Ashanti or any personacting on its behalf are qualified by the cautionary statements herein.This communication may contain certain "Non-GAAP" financial measures. AngloGoldAshanti utilises certain Non-GAAP performance measures and ratios in managingits business. Non-GAAP financial measures should be viewed in addition to, andnot as an alternative for, the reported operating results or cash flow fromoperations or any other measures of performance prepared in accordance withIFRS. In addition, the presentation of these measures may not be comparable tosimilarly titled measures other companies may use. AngloGold Ashanti postsinformation that is important to investors on the main page of its website atwww.anglogoldashanti.com and under the "Investors" tab on the main page. Thisinformation is updated regularly. Investors should visit this website to obtainimportant information about AngloGold Ashanti.