Annual Financial Statements

Scope of the report

AngloGold Ashanti Limited (AngloGold Ashanti) has produced a suite of complementary reports to communicate on all aspects of its operating and financial performance for the year 1 January 2008 to 31 December 2008.

The 2008 suite of annual reports includes:

  • Annual Financial Statements which provides a comprehensive review of the year from operational, business and market perspectives.
  • Abridged Annual Report 2008, and a CD containing the suite of annual reports and the four quarterly reports produced during 2008, which will be distributed to shareholders.
  • Notice of Meeting 2008.
  • Mineral Resource and Ore Reserve Report 2008.
  • Report to Society 2008 which incorporates:
    • An expanded, comprehensive web-based report that provides a broad overview of AngloGold Ashanti's sustainable development initiatives at all its operations.
    • A condensed printed report based on the above.
    • Country reports which provide an overview of operational and sustainable development initiatives in each country in which the group operates.

The entire suite of reports is available electronically at Hard copies of these reports can also be requested from the contacts detailed at the end of this report.

Business partners and other interested parties with whom the company seeks to communicate include shareholders, investors, employees and their representatives, the communities in which AngloGold Ashanti operates, and regional and national governments.

The Annual Financial Statements 2008 were prepared in accordance with International Financial Reporting Standards (IFRS), the South African Companies Act No. 61 of 1973 and the Listings Requirements of the JSE Limited (JSE). The guidelines of the King Report on Corporate Governance 2002 (King Code) were also taken into account in compiling both the Annual Financial Statements 2008 and the Report to Society 2008. The latter was produced in accordance with the Global Reporting Initiative (GRI) and the principles of the International Council of Metals and Mining (ICMM) and the UN Global Compact, both of which AngloGold Ashanti is a member. The Annual Financial Statements are submitted to the JSE and to the London, New York, Ghanaian and Australian stock exchanges as well as to the Paris and Brussels bourses. They are also submitted to the US Securities and Exchange Commission (SEC) on Form 6-K.

In addition to the Mineral Resource and Ore Reserve Report 2008, the Annual Financial Statements 2008 contain a summary of the group's Mineral Resources and Ore Reserves. Mineral Resources and Ore Reserves in both documents are reported in accordance with the South African Code for Reporting of Mineral Reserves and Resources (SAMREC 2000) and the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC 2004). Competent persons in terms of these codes have prepared, reviewed and confirmed the Mineral Resources and Ore Reserves reported.

Significant events during 2008

AngloGold Ashanti prepares an annual report on Form 20-F in compliance with the rules governing its listing on the New York Stock Exchange and in accordance with the accounting principles generally accepted in the United States. The Form 20-F must be filed with the SEC by no later than 30 June 2009.

AngloGold Ashanti posts information that is important to investors on the main page of its website at 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.


  • Unless otherwise stated, $ or dollar refers to US dollars throughout this report.
  • References to “group” and “company” are used interchangeably in the narrative, except in the financial statements of the group and company.
Please refer to the section on Non-GAAP disclosure and the Glossary of terms respectively to familiarise yourself with the terminology used in this report.
Annual Financial Statements 2008

Annual Financial Statements 2008

Report to Society 2008

Report to Society 2008

Mineral Resource and Ore Reserve Report 2008

Mineral Resource and Ore Reserve Report 2008

Introductory spread

Iduapriem, Ghana

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ANGLOGOLD ASHANTI Annual Report 2008