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ANNUAL REPORTS 2011

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• Annual Reports 2011 /

Podcasts

Annual Financial Statements

Mark Cutifani

Chief Executive Officer

“...in South Africa we have moved to a real conversation on mining resource rents and what we should be doing to contribute to the country.”

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Tito Mboweni

Chairman

“AngloGold Ashanti is well positioned... in terms of the assets we have... to play an important role, both as a miner and as a key economic agent in many of these countries...”

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Srinivasan Venkatakrishnan

Chief Financial Officer

“Taking out the hedge book has freed up the cash flow to create balance sheet fire power to fund growth projects.”

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Italia Boninelli

Executive Vice President – People and Organisational Development

“...making people more effective will give them more job satisfaction and make us more productive.”

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Charles Carter

Executive Vice President – Business Strategy

“Planning in a... hugely diverse operating environment, both technically and geographically, is only as good as the people on the ground who own the problem.”

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Richard Duffy

Executive Vice President – Continental Africa

“Lessons learnt at Geita are being applied at Obuasi... [where] we have the opportunity to become a lot more efficient and productive... and to turn it [Obuasi] into a modern operation.”

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Graham Ehm

Executive Vice President – Australasia

“Based on what I have seen so far and experienced at Sunrise Dam, which has been an excellent orebody, it [the Vogue discovery] will give us the scope for another 15 years... and will allow us to reconfigure Sunrise Dam from a 20th century to a 21st century mine.”

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Ron Largent

Executive Vice President – Americas

“ [We are] overseeing one of the gold industry’s more ambitious growth plans... [which] is part of a defined project... and this really is the first stage.”

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Mike O’ Hare

Executive Vice President – South Africa

“Our continuous improvement programme,... under the banner of [Project] ONE, has definitely improved our safety and productivity.”

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Tony O’Neill

Executive Vice President – Business and Technical Development

“Both the greenfields and brownfields [exploration] are showing great promise... greenfields in Colombia, Africa and the Middle East and brownfields in Guinea and Tanzania.”

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Sustainability Report

Mr Mark Cutifani

Chief Executive Officer

“Sustainability has been an overused word in our industry and is in danger of confusing and masking the simple things we need to do well in our business. Sustainability is about living our values, making sure we treat all of our business and social partners with dignity and respect. If we respect people, the environment and the communities in which we work we will never be far from our goal of leading a sustainable business... and living our vision of being “the leading mining company”

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Richard Duffy

Executive Vice President – Continental Africa

“Lessons learnt at Geita are being applied at Obuasi... [where] we have the opportunity to become a lot more efficient and productive... and to turn it [Obuasi] into a modern operation.”

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Karen Hayes

Technical director, Mines to Markets Initiative, Pact

“When large-scale mining (LSM) operations move in to do their exploration, they will often follow the traces and tracks of where artisanal miners have been. When the LSM find a concession they are hoping to work on, they have hundreds of thousands of artisanal miners already there, who feel entitled to those minerals and feel they have a claim to those minerals. The negotiation involved in coming to some sort of a peaceful solution for that site is extremely important.”

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Terry Heymann

Director: Responsible Gold, World Gold Council

“Responsibly undertaken, mining and related activities can and should play a crucial role in achieving sustainable development and alleviating poverty in developing countries. Conformance with the World Gold Council Conflict-Free Gold Standard provides further confidence that professional gold mining can be an agent for social and economic development at both a national and community level. ”

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Michael Parker

Senior Vice President: Safety and Environment, AngloGold Ashanti

“The business and leadership at all levels of the organisation are relentlessly committed to the safety and health of our employees. We strive for zero injuries and incidents each day, every day, everywhere we operate in the world. ”

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Sipho Pityana

Non-Executive Director, AngloGold Ashanti

“We seek to enhance the welfare, dignity and interests of our stakeholders including workers, shareholders and communities as a consequence of our business operations, providing socio-economic benefits that are sustainable.”

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Yedwa Simelane

Senior Vice President: Corporate Affairs, AngloGold Ashanti

“Constructive engagement between governments, business and civil society, and collaboration across industries will help us to collectively find innovative solutions and appropriate regulatory frameworks to address the Resource Nationalism challenge. The mining industry has a big task in demonstrating the benefits it brings to society.”

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© AngloGold Ashanti Annual Reports 2011