UNITED STATES
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 February 04, 2019
Commission File Number 1-14846
AngloGold Ashanti Limited
(Name of registrant)
76 Rahima Moosa 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):
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.
Yes
No X
Enclosure: Press release:
ANGLOGOLD ASHANTI TRADING STATEMENT FOR THE YEAR
ENDED 31 DECEMBER 2018
AngloGold Ashanti Limited
(Incorporated in the Republic of South Africa)
Reg. No. 1944/017354/06
ISIN. ZAE000043485 – JSE share code: ANG
CUSIP: 035128206 – NYSE share code: AU
JSE Bond Company Code – BIANG
(“AngloGold Ashanti” or the “Company”)
4 February 2019
NEWS RELEASE
ANGLOGOLD ASHANTI TRADING STATEMENT FOR THE YEAR ENDED 31 DECEMBER
2018
2018
AngloGold Ashanti will release results for the year ended 31 December 2018
(“the period”)
on the
Johannesburg Stock Exchange News Service on 19 February 2019.
With reference to the Listings Requirements of the JSE Limited, issuers are required to publish
a trading statement as soon as they become reasonably certain that the financial results for the
period to be reported on next will differ by at least 20% from those of the previous corresponding
reporting period.
Expected headline earnings and basic earnings
Shareholders are advised that the Company has reasonable certainty that the headline earnings for the
period are expected to be between $207 million and $224 million, with headline earnings per share
With reference to the Listings Requirements of the JSE Limited, issuers are required to publish
a trading statement as soon as they become reasonably certain that the financial results for the
period to be reported on next will differ by at least 20% from those of the previous corresponding
reporting period.
Expected headline earnings and basic earnings
Shareholders are advised that the Company has reasonable certainty that the headline earnings for the
period are expected to be between $207 million and $224 million, with headline earnings per share
(“HEPS”)
of between 50 cents and 54 cents. Headline earnings and HEPS for the comparative period
were $27 million and 6 cents, respectively.
The basic earnings for the period are expected to be between $120 million and $137 million, resulting
in basic earnings per share of between 29 cents and 33 cents. Basic loss and loss per share for the
comparative period were $191 million and 46 cents, respectively.
The expected overall increases in headline earnings and basic earnings for the period compared to the
comparative period were primarily due to the following reasons:
The basic earnings for the period are expected to be between $120 million and $137 million, resulting
in basic earnings per share of between 29 cents and 33 cents. Basic loss and loss per share for the
comparative period were $191 million and 46 cents, respectively.
The expected overall increases in headline earnings and basic earnings for the period compared to the
comparative period were primarily due to the following reasons:
·
Lower amortisation levels for South Africa with the closure of TauTona in 2017 and the sale of
the Moab Khotsong and Kopanang operations early in 2018, as well as a reduction of Ore
Reserve Development amortisation in Brazil resulted in increased earnings of $78 million (post-
tax) or 19 cents per share (non-cash impact); and
the Moab Khotsong and Kopanang operations early in 2018, as well as a reduction of Ore
Reserve Development amortisation in Brazil resulted in increased earnings of $78 million (post-
tax) or 19 cents per share (non-cash impact); and
·
Income from Kibali increased by $95 million (post-tax) or 23 cents per share.
Significant once-off items affected basic earnings for the period as follows:
·
In 2018, a non-cash impairment of the Uranium plant of Mine Waste Solutions affected basic
earnings by $66 million (post-tax) or 16 cents per share compared to 2017, where non-cash
impairments and derecognition of certain of the South African assets and goodwill, largely as a
result of the restructuring and disposal of the related assets, affecting basic earnings by an
amount of $221 million (post-tax) or 53 cents per share; and
earnings by $66 million (post-tax) or 16 cents per share compared to 2017, where non-cash
impairments and derecognition of certain of the South African assets and goodwill, largely as a
result of the restructuring and disposal of the related assets, affecting basic earnings by an
amount of $221 million (post-tax) or 53 cents per share; and
·
In 2018, retrenchment costs related to the restructured South African operations were
$25 million (post-tax) or 6 cents per share; while in 2017 the impact was $71 million (post-tax) or
17 cents per share.
$25 million (post-tax) or 6 cents per share; while in 2017 the impact was $71 million (post-tax) or
17 cents per share.
In addition, for 2017, a once-off non-cash provision in respect of the estimated costs of the settlement
of the silicosis class action claims and related expenditure, of $46 million (post-tax) or 11 cents per
share, affected both basic earnings and HEPS.
The forecast financial information on which this trading statement is based has not been reviewed or
reported on
by AngloGold Ashanti’s external auditors.
Johannesburg
4 February 2019
JSE Sponsor: The Standard Bank of South Africa Limited
CONTACTS
Media
Chris Nthite
+27 11 637 6388/+27 83 301 2481
cnthite@anglogoldashanti.com
Stewart Bailey
+27 81 032 2563/+27 11 637 6031
sbailey@anglogoldashanti.com
General inquiries
media@anglogoldashanti.com
Investors
Stewart Bailey
+27 81 032 2563/+27 11 637 6031
sbailey@anglogoldashanti.com
Sabrina Brockman
+1 646 880 4526/+1 646 379 2555
sbrockman@anglogoldashanti.com
Fundisa Mgidi
+27 11 637 6763/+27 82 821 5322
fmgidi@anglogoldashanti.com
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, all-in sustaining costs, all-in 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, dispositions or joint
venture transactions, 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 health and safety 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.
economic outlook for the gold mining industry, expectations regarding gold prices, production, cash costs, all-in sustaining costs, all-in 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, dispositions or joint
venture transactions, 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 health and safety 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 AngloGold Ashanti’s annual report on Form 20-F for the year ended 31 December 2017, which
was filed with the United States Securities and Exchange Commission (“SEC”). 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.
The financial information contained in this news release has not been reviewed or reported on by the Company's external auditors.
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.
Incorporated in the Republic of South Africa Reg No: 1944/017354/06
ISIN. ZAE000043485
ISIN. ZAE000043485
–
JSE share code: ANG CUSIP: 035128206
–
NYSE share code: AU
Website: www.anglogoldashanti.com
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 authorised.
Date: February 04, 2019
AngloGold Ashanti Limited
By:
/s/ M E SANZ PEREZ
Name:
M E Sanz Perez
Title:
EVP: Group Legal, Commercial & Governance