OVERVIEW

Over the past few months, AngloGold Ashanti has embarked on a strategic ownership review of its South African operations with a view to transfer these operations to new and capable hands in the interest of preserving their long-term value for all stakeholders.

The company has now entered into a sale purchase agreement for all South African assets with Harmony Gold, an established South African company with experience in open pit and underground mines.

We believe that in Harmony Gold’s hands, these assets will continue to benefit stakeholders. Harmony Gold has the necessary technical capability, financial strength and a well-aligned capital allocation strategy to ensure these assets achieve their full potential.

Importantly, Harmony Gold is a responsible mining company and is committed to operating safely and sustainably. AngloGold Ashanti is committed to undertaking the transaction in a manner that is open, transparent and in line with the company’s values.

It is in all stakeholders’ interest that operations continue safely and productively.

AngloGold Ashanti’s global operations will continue to be run from Johannesburg, the head office being a centre of excellence in the global mining industry.

It was really important to us right from the beginning of the process that these South African operations were placed in the hands of a strong and responsible operator, and we are very confident that Harmony meets these requirements. Harmony has both the financial capacity as well as a proven technical capability in operating ultra-deep, hard-rock mining assets in South Africa.

Moses Madondo, Senior Vice President South Africa

FAQs

A sales agreement has been entered into with Harmony Gold for all of the South African operations. We believe that in Harmony’s hands, these assets will continue to benefit stakeholders.

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