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 September 6, 2006
This Announcement on Form 6-K shall be incorporated by reference in our automatic shelf Registration
Statement on Form F-3 as amended (File No. 333-132662) and our Registration Statements on Form S-8
(File Nos. 333-10990 and 333-113789) as amended, to the extent not superseded by documents or reports
subsequently filed by us under the Securities Act of 1933 or the Securities Exchange Act of 1934, in each
case as amended
This Announcement on Form 6-K shall be incorporated by reference in our automatic shelf Registration
Statement on Form F-3 as amended (File No. 333-132662) and our Registration Statements on Form S-8
(File Nos. 333-10990 and 333-113789) as amended, to the extent not superseded by documents or reports
subsequently filed by us under the Securities Act of 1933 or the Securities Exchange Act of 1934, in each
case as amended
Commission File Number 1-14846
AngloGold Ashanti Limited
(Translation of registrant’s name into English)
11 Diagonal Street
Johannesburg, 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.
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):
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):
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.
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 UPDATES GUIDANCE ON POWER SHORTAGE
IN GHANA
news release
AngloGold Ashanti Limited \ (Incorporated in the Republic of South Africa)
(Reg. No.1944/017354/06) \ ISIN Number: ZAE000043485
Corporate Affairs Department: \ 16th Floor \ 11 Diagonal Street \ Johannesburg \ 2001 \ South Africa
Tel +27 (0)11 637 6261 \ Fax +27 (0)11 637 6399/6400 \ www.AngloGoldAshanti.com
(Reg. No.1944/017354/06) \ ISIN Number: ZAE000043485
Corporate Affairs Department: \ 16th Floor \ 11 Diagonal Street \ Johannesburg \ 2001 \ South Africa
Tel +27 (0)11 637 6261 \ Fax +27 (0)11 637 6399/6400 \ www.AngloGoldAshanti.com
AGA16.06
6 September 2006
AngloGold Ashanti updates guidance on power shortage in Ghana
In discussions between the Volta River Authority (VRA) and the Chamber of Mines in Ghana, the
industry has agreed to collaborate with the authority and the Government in a range of activities
designed to minimise the impact of the power shortage on the economy and the mining industry and
provide for a sustainable solution for the future.
industry has agreed to collaborate with the authority and the Government in a range of activities
designed to minimise the impact of the power shortage on the economy and the mining industry and
provide for a sustainable solution for the future.
In the short term, although there are indications that the water level of the Akosombo Dam is beginning
to rise, the Chamber and its members have undertaken to assist with expediting the repair of the
thermal unit at the Aboadze plant in Takoradi.
to rise, the Chamber and its members have undertaken to assist with expediting the repair of the
thermal unit at the Aboadze plant in Takoradi.
In the longer term, Chamber member companies have offered project and logistical management
capacity to assist with the repair and maintenance of various facilities and with the construction of
additional permanent energy capacity in the country.
capacity to assist with the repair and maintenance of various facilities and with the construction of
additional permanent energy capacity in the country.
In respect of AngloGold Ashanti’s Ghanaian operations, the following should be noted.
Obuasi is currently achieving power savings from the grid in the region of 25% without substantial
production losses. Standby power is being generated by diesel-driven generator sets, at a cost of
some $1.8m per month. This is not a sustainable solution due to the reliability of the generator sets
and the risks associated with reliance on deliveries of diesel fuel by road transport. In the event that a
significantly higher cut in power became necessary, this would result in a substantial loss in gold
production. In the event that the 25% power reduction continues for the remainder of this month, we
are forecasting production at Obuasi for the quarter of approximately 90,000oz, some 10,000oz down
on our previous expectation.
production losses. Standby power is being generated by diesel-driven generator sets, at a cost of
some $1.8m per month. This is not a sustainable solution due to the reliability of the generator sets
and the risks associated with reliance on deliveries of diesel fuel by road transport. In the event that a
significantly higher cut in power became necessary, this would result in a substantial loss in gold
production. In the event that the 25% power reduction continues for the remainder of this month, we
are forecasting production at Obuasi for the quarter of approximately 90,000oz, some 10,000oz down
on our previous expectation.
As a surface operation, Iduapriem’s production is more sensitive to power reductions as some 60% of
the energy consumption is consumed by the mills. Because of this, a reduction in power consumption
of 25% would result in a 30% reduction in production, while a cut of more than 25% is likely to result in
stopping the operation’s remaining mill, leading to a shut down of the mine. The company is in ongoing
discussions with the Electricity Company of Ghana (ECG) regarding potential reductions in power
consumption. Thus while Iduapriem is currently on track with its budgeted production for the quarter, a
25% cut in power would result in a reduction in production from around 52,000oz to approximately
48,000oz, for the third quarter.
the energy consumption is consumed by the mills. Because of this, a reduction in power consumption
of 25% would result in a 30% reduction in production, while a cut of more than 25% is likely to result in
stopping the operation’s remaining mill, leading to a shut down of the mine. The company is in ongoing
discussions with the Electricity Company of Ghana (ECG) regarding potential reductions in power
consumption. Thus while Iduapriem is currently on track with its budgeted production for the quarter, a
25% cut in power would result in a reduction in production from around 52,000oz to approximately
48,000oz, for the third quarter.
At Bibiani, in terms of a daily power management agreement with the ECG that has the effect of
reducing consumption by around 25%, the mine will be able to mill close to its daily target and it is
possible that production for the month will not be significantly affected by this situation. Budgeted
production and costs for the quarter therefore remain on track.
reducing consumption by around 25%, the mine will be able to mill close to its daily target and it is
possible that production for the month will not be significantly affected by this situation. Budgeted
production and costs for the quarter therefore remain on track.
ENDS
Queries
South Africa
Tel:
Mobile:
E-mail:
Charles Carter
+27 (0) 11 637 6385
+27 (0) 82 330 5373
cecarter@AngloGoldAshanti.com
Alan Fine
+27 (0) 11 6376383
+27 (0) 83 250 0757
afine@AngloGoldAshanti.com
Disclaimer
Except for historical information contained herein, there are matters discussed in this news release that are forward-looking statements. Such
statements are only predictions and actual events or results may differ materially. For discussion of important factors including, but not limited to
development of the Company’s business the economic outlook in the gold mining industry, expectations regarding gold prices and production, and
other factors, which could cause actual results to differ materially from such forward-looking statements, refer to the Company’s annual report on the
Form 20-F for the year ended 31 December 2005, dated 17 March 2006 and which was filed with the Securities and Exchange Commission (SEC) on
20 March 2006. AngloGold Ashanti undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect
events or circumstances after today’s date or to reflect the occurrence of unanticipated events.
statements are only predictions and actual events or results may differ materially. For discussion of important factors including, but not limited to
development of the Company’s business the economic outlook in the gold mining industry, expectations regarding gold prices and production, and
other factors, which could cause actual results to differ materially from such forward-looking statements, refer to the Company’s annual report on the
Form 20-F for the year ended 31 December 2005, dated 17 March 2006 and which was filed with the Securities and Exchange Commission (SEC) on
20 March 2006. AngloGold Ashanti undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect
events or circumstances after today’s date or to reflect the occurrence of unanticipated events.
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 authorized.
report to be signed on its behalf by the undersigned, thereunto duly authorized.
AngloGold Ashanti Limited
Date: September 6, 2006
By:
/s/ C R Bull
Name: C R Bull
Title: Company
Secretary