Edgar Filing: ANGLOGOLD ASHANTI LTD

Page 1

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 March 29, 2007

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.

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 notice of meeting for US distribution

Notice of
meeting for
ADS holders

Scope of AngloGold Ashanti Annual Reports 2006

AngloGold Ashanti Limited (AngloGold Ashanti) has produced

a suite of complementary reports to communicate with a

range of stakeholders on all aspects of its operating and

financial performance for the period January 1 to

December 31, 2006. These reports are:

Annual Financial Statements 2006, which includes an

operational review of the group

Supplementary Information: Mineral Resources and Ore

Reserves 2006, which provides a detailed breakdown of

the group’s Mineral Resources and Ore Reserves

Report to Society 2006 which incorporates

an expanded, comprehensive web-based version of

the 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, and

a series of country reports, which provides an

overview of the group’s operational and sustainable

development initiatives in each country in which it

operate.

The stakeholders with which the company seeks to communicate includes stockholders, employees and their representatives, the communities in which AngloGold Ashanti operates, regional and national governments as well as other interested parties.

The Annual Financial Statements 2006 presents AngloGold Ashanti’s operating and financial results for the period January 1 to December 31, 2006, prepared in accordance with International Financial Reporting Standards, 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 have also been taken into account in the

compilation of both the Annual Financial Statements 2006 and the

Report to Society 2006. The Annual Financial Statements 2006

are submitted to the JSE as well as to the London, New York,

Ghanaian and Australian stock exchanges and the Paris and

Brussels bourses. It is also filed with the US Securities and

Exchange Commission (SEC) on Form 6-K.

In the report entitled, Supplementary Information: Mineral Resources

and Ore Reserves, AngloGold Ashanti’s resources and reserves are

reported on 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 all these codes have prepared, reviewed and confirmed the

report of the Mineral Resources and Ore Reserves.

In addition to the Annual Financial Statements 2006, 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 the accounting principles generally accepted in the

United States. The Form 20-F must be filed with the SEC by no

later then June 30, 2007.

This document contains summary information on AngloGold

Ashanti’s performance in 2006, the Chairman and Chief Executive

Officer’s letter, certain stockholder information and the formal Notice

of Meeting.

All of these AngloGold Ashanti reports and documents are available

electronically on the corporate website, www.anglogoldashanti.com.

as well as on the 2006 Annual Report website, www.aga-reports.com.

Printed copies may be requested from the contact persons

listed on the inside back cover of this report or by e-mailing

companysecretary@anglogoldashanti.com.

Throughout this document, dollar or $ refers to US dollars, unless otherwise stated.

Contents

Scope of report

Inside front cover

Contents and forward-looking statements

Operational performance review – 2006

Letter from the chairman and

chief executive officer

Notice of annual general meeting

Stockholder information

Administrative information

Inside back cover

Proxy Insert

Forward-looking statements

Certain statements contained in this document and documents referenced herein other than statements of historical fact contain forward-looking statements regarding AngloGold Ashanti's operations, economic performance or financial condition, including, without limitation, those concerning the economic outlook for the gold mining industry, expectations regarding gold prices, production, total cash costs and other operating results, growth prospects and the outlook of AngloGold Ashanti’s operations, including the completion and commencement of commercial operations of certain

of AngloGold Ashanti’s exploration and production projects, its

liquidity and capital resources and expenditure, and the outcome

and consequences of any pending litigation or enforcement

proceedings. Although AngloGold Ashanti believes that the

expectations reflected in such forward-looking statements are

reasonable, no assurance can be given that such expectations will

prove to be 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 and market conditions, success

of business and operating initiatives, changes in the regulatory

environment and other government actions, fluctuations in gold

prices and exchange rates, and business and operational risk

management. For a discussion on such factors, refer to the risk

management section in the Annual Financial Statements 2006.

AngloGold Ashanti is not obliged to update publicly or release any

revisions to these forward-looking statements to reflect events or

circumstances after the date of the Annual Financial Statements or

to reflect the occurrence of unanticipated events. 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.

Contents and forward-looking statements

Page 1

Page 2

45%

10%

32%

SOUTH AFRICA

AUSTRALIA

SOUTH AMERICA

USA

REST OF AFRICA

Operational performance
review – 2006

Annual production (000 oz)

Mining operations here are divided into two regions, West Wits and Vaal River, which together have seven mines, namely Great Noligwa, Kopanang, Moab Khotsong, Mponeng, Savuka, Tau Lekoa and TauTona.

· As at 31 December 2006, Ore Reserves for these operations totalled 27.2 million ounces of gold –

41% of group reserves.

· Combined, these mines employed 35,968 people and produced 2,554,000 ounces of gold in 2006,
equivalent to 45% of total group output.

· The South African operations contributed $549 million – 52% – to group adjusted gross profit.

· Capital expenditure for the year totalled $313 million.

The operations here are Sunrise Dam and the Boddington joint venture expansion project, both in

the state of Western Australia.

As at 31 December 2006, Ore Reserves totalled 6.4 million ounces of gold – 9% of group reserves.

Sunrise Dam and Boddington together employed 479 people and Sunrise Dam produced

465,000 ounces of gold in 2006, equivalent to 8% of total group output.

This operation contributed $137 million – 13% – to group adjusted gross profit.

Capital expenditure at both Sunrise Dam and Boddington totalled $84 million for the year.

The mining operations here are located in Brazil (AngloGold Ashanti Brasil Mineração Ltda and

Serra Grande) and Argentina (Cerro Vanguardia).

As at 31 December 2006, Ore Reserves in Brazil and Argentina totalled 4.7 million ounces of gold

– 7% of group reserves.

Combined, these mines employed 5,334 people and produced 554,000 ounces of gold in 2006,

equivalent to 10% of total group output.

The operations together contributed $175 million – 17% – to group adjusted gross profit.

Capital expenditure for the year totalled $205 million.

The one mining operation here is Cripple Creek & Victor (CC&V) in the state of Colorado.

As at 31 December 2006, Ore Reserves at CC&V totalled 3.8 million ounces of gold – 6% of group

reserves.

This operation employed 369 people and produced 283,000 ounces of gold in 2006, equivalent to

5% of total group output.

This operation contributed $23 million – 2% – to group adjusted gross profit.

Capital expenditure for the year totalled $13 million.

This region includes the mining operations in Ghana (Obuasi, Iduapriem and Bibiani for 11 months),

Guinea (Siguiri), Mali (Morila, Sadiola, Yatela), Namibia (Navachab) and Tanzania (Geita).

As at 31 December 2006, Ore Reserves for all these operations totalled 24.8 million ounces of gold

– 37% of group reserves.

Combined, these mines employed 17,157 people and produced 1,779,000 ounces of gold in 2006,

equivalent to 32% of total group output.

The operations in Africa (outside of South Africa) contributed $144 million – 14% – to group adjusted

gross profit.

Capital expenditure for the year totalled $191 million.

Capital expenditure ($m)

Page 3

Letter from the chairman and chief executive officer

Page 4

AngloGold Ashanti’s adjusted headline earnings for 2006, at $413 million, were the

highest in the nine-year history of the company. In a 12-month period in which the

spot price of gold rose by 36%, the company’s adjusted headline earnings increased

by 105%, clearly demonstrating AngloGold Ashanti’s leverage to a rising gold price.

These sound financial results were achieved in a year during which AngloGold

Ashanti’s gold production was 9% lower than 2005 at 5.6 million ounces.

Although total cash costs for the year increased by 10% to $308/ounce, the

company’s continued cost management programme, which achieved savings of

$160 million in 2005, yielded a further $73 million in savings during 2006. We are

particularly pleased with this performance in the face of rising global commodity input

prices. $50 million of these savings was derived from the South African operations,

which yielded some $144 million savings in 2005.

AngloGold Ashanti’s workplace safety performance during 2006 is of concern to us.

Over the last eight years, the company has seen a steady improvement in both its lost

time injury statistics and in the number of serious and fatal accidents. In 2006,

however, we experienced a deterioration in these trends; during the year 37 of our

employees lost their lives in work-related accidents. On our South African mines,

where 32 of these occupational fatalities occurred, 78% were as a result of falls of

ground, many caused by underground seismic activity. The company's management

is comprehensively reviewing its safety strategy and we are determined to return to

the improving, downward trend. That this is possible is indicated by the solid

performance of several operations, including Cripple Creek & Victor in Colorado –

which has operated without a lost-time injury since November 2003. Our employees

and the trade unions that represent them will be our full and equal partners in the

revitalised safety programmes. We want each employee to become a safety

supervisor looking after his own safety and that of the colleague working next to him.

Reversing the trend in 2005, when the company’s ore reserves decreased by

15.6 million ounces, in 2006 AngloGold Ashanti recorded an increase in total ore

reserves before depletion of 10.1 million ounces. After depletion, this represents a 6%

increase year-on-year, from 63.3 million ounces in 2005 to 66.9 million ounces in

2006. Significant additions included 2.9 million ounces at Mponeng due to the

inclusion of the VCR Below 120 Level project, and 1.1 million ounces at Cripple Creek

& Victor as a result of a planned extension of that operation’s life.

This increase is evidence of the increasing achievement of our growth objective,

which is central to ensuring sustainable returns for stockholders and benefits to all of

our stakeholders. We have in place a strong pipeline of organic growth projects,

where the focus is on bringing to account value-accretive ounces at reasonable

costs. With five major capital projects currently under way at operations in South

Africa, Brazil and Australia, we believe we are doing this effectively. Additionally, we

continue to maintain and expand our cost-effective brownfields exploration

programme, which is focused on continuing to increase our reserve and resource

base around our existing operations, and our greenfields exploration initiatives under

way in seven countries around the world, with substantial resources in 2007

Investor and

speculator interest

in gold led to

the price reaching

a 26-year high of

$725 per ounce

in May 2006,

with an annual

average price for 2006

of $604 per ounce,

36% higher than

in 2005.

Russell Edey, Chairman

Page 5

earmarked for our sites in the Democratic Republic of Congo, Colombia and

Tropicana in Western Australia.

An effect of this growth strategy is to place the group in its highest-ever capita investment phase. However, we will continue to balance our capital expenditure and our dividend allocation on the basis of both prudent financial management and ensuring strong total returns to stockholders. In this spirit, a dividend of 240 South African cents (or 33 US cents) per share has been declared for the six months ended December 31, 2006, resulting in a total dividend for the year of 450 South African cents (or 62 US cents). This compares with a total dividend paid in 2005 of 232 South African cents (36 US cents).

We continue to take a positive view of the market for and price of our product. The spot price for the year of $604 per ounce was 36% higher than the average for 2005 and the greatest annual gain since 1980. With the key drivers of the price – the investment and physical market, currencies and interest rates – all continuing to sustain demand, we are confident that gold will continue to trade in its present range, or higher, for the foreseeable future. In this market context, AngloGold Ashanti’s strategy of actively managing its hedge book so as to reduce our forward sale commitments and expose more of our production to a rising price will be maintained.

In April 2006 Anglo American sold, via a placement, approximately 14.6% of its shares in AngloGold Ashanti, worth some $1 billion, reducing its holding to 41.8% and giving effect to its decision to reduce its shareholding in this company and, consequently, to provide us with greater strategic flexibility. Simultaneously with this secondary placement, AngloGold Ashanti raised some $500 million via a primary placement. This $1.5 billion placement involving nearly 30 million shares, was priced at an impressive 1% discount to both the price the day before and the 30-day weighted average price.

Another key challenge which management continues to successfully address is the health of our employees and the communities in which they live. In South Africa during 2006, 23,389 (or 75% of the workforce) tested their HIV/AIDS status, illustrating the company’s success of campaigns promoting counselling and testing. Over 4,500 employees are enrolled in wellness programmes and nearly 1,500 are receiving anti-retroviral therapy (ART). Of those on ART, 88% have been declared fit to work by their attending clinician. 80% of patients on ART have undetectable viral loads after two years of treatment.

The malaria control programme now in operation in the Obuasi district in Ghana, which we implemented in April 2006, is one of the largest private sector malaria control programmes. This initiative has reduced the number of malaria cases being treated at the company's hospital by 50% and it is expected that further reductions will be achieved during 2007 and beyond. A similar programme will be initiated at the Geita mine in Tanzania.

Bobby Godsell, Chief Executive Officer

Letter from the chairman and chief executive officer cont.

Page 6

These issues related to employee and community health, as well as the other social

and environmental aspects of AngloGold Ashanti’s commitments to its stakeholders

are comprehensively addressed in the Report to Society component of our Annual

Report, carried on the company’s website.

To strengthen the partnership with our employees in South Africa, on January 30,

2007 we launched the Bokamoso Employee Share Ownership Plan. In terms of this

plan, which includes all employees except for managers already benefiting from share

schemes, each employee has become the outright owner of 30 of the company’s

shares, currently worth just over R10,000. The employee will benefit from the

dividends paid on these shares, and will be required to hold them for three years

following which they will vest in five equal annual tranches. Each employee will also

benefit from the value uplift on another 90 shares, which will vest in the same

proportions over the same periods. This scheme was fully developed with the three

unions who represent our employees in South Africa and further deepens the

partnership we have with these unions.

We are pleased to welcome to our board three new directors: Joseph Henry Mensah,

who is the Chairman of the National Development Planning Commission in Ghana

and a member of the Ghana Parliament; Sipho Pityana, Chairman of Izingwe

Holdings, a BEE investment company which holds 0.5% of AngloGold Ashanti’s

shares as a result of the empowerment transaction which included the introduction of

the Bokamoso Employee Share Ownership Plan; and Professor Wiseman Nkuhlu,

who is a certified chartered accountant with The South African Institute of Chartered

Accountants and a past national president of that Institute, and a respected South

African academic, professional and business leader. Professor Nkuhlu was also

appointed deputy chairman of the Audit and Corporate Governance Committee, with

effect from August 4, 2006.

We also note the resignation from the board of Lazarus Zim and Sam Jonah.

Colin Brayshaw and Tony Trahar will retire from the board at the upcoming annual

general meeting. We record our thanks to them for their contribution to the company

during their tenure.

Looking ahead to the rest of 2007, gold production is estimated to be 5.8 million

ounces at an average total cash cost of $309 per ounce. Capital expenditure is

estimated at $1,070 million and will be managed in line with profitability and cash flow.

We continue to have a positive outlook for the gold price and confidently anticipate

another year of growth and improved value for our stockholders.

Russell Edey

Bobby Godsell

Chairman

Chief Executive Officer

March 20, 2007

Page 7

Notice of annual general meeting

Notice is hereby given that the 63rd annual general meeting of shareholders of

AngloGold Ashanti Limited will be held at The Country Club Johannesburg,

Napier Road, Auckland Park, Johannesburg, South Africa, on Friday, May 4,

2007, at 11:00, to consider and, if deemed fit, pass, with or without

modification, the following ordinary and special resolutions in the manner

required by the Companies Act No. 61 of 1973, as amended, and subject to the

Listings Requirements of the JSE Limited (JSE Listings Requirements) and other

stock exchanges on which the company’s ordinary shares are listed.

Ordinary business

Ordinary resolution number 1

Adoption of financial statements

“Resolved that the consolidated audited annual financial statements of the

company and its subsidiaries, incorporating the auditors’ and directors’ reports for

the year ended December 31, 2006, be received and adopted.”

The reason for proposing ordinary resolution number 1 is to receive and adopt the

consolidated annual financial statements of the company and its subsidiaries for the

last completed financial year. These are contained within the annual report.

Ordinary resolution number 2

Re-election of director

“Resolved that Mr FB Arisman, who retires in terms of the Articles of Association

and who is eligible and available for re-election, is hereby re-elected as a director of

the company.”

The reason for proposing ordinary resolution number 2 is because Mr FB Arisman,

retires as a director of the company by rotation at the annual general meeting.

Frank Arisman, MSc (Finance), has been a member of the AngloGold Ashanti board

since April 1998. He resides in New York and retired after 32 years of service, from

JP Morgan Chase, where he held the position of managing director.

Ordinary resolution number 3

Re-election of director

“Resolved that Mr RE Bannerman, who retires in terms of the Articles of Association

and who is eligible and available for re-election, is hereby re-elected as a director of

the company.”

The reason for proposing ordinary resolution number 3 is because Mr RE Bannerman

retires as a director of the company by rotation at the annual general meeting.

Reginald Bannerman, (MA) (Oxon), LLM (Yale) was appointed to the board on

February 10, 2006. He has been in law practice since 1968 and is currently the

AngloGold Ashanti Limited

(Incorporated in the Republic of South Africa)

Registration number 1944/017354/06

ISIN: ZAE000043485

JSE Share code: ANG

NYSE Share code: AU

CUSIP number: 035128206

(“AngloGold Ashanti” or “the company”)

This document is important and requires your

immediate attention

If you are in any doubt about what action you

should take, consult your broker, banker, financial

adviser, accountant or other professional adviser

immediately

If you have disposed of all your ADRs in AngloGold Ashanti, please forward this document together with the enclosed proxy card to the purchaser of such ADRs or the broker, banker or other agent through whom you disposed of such ADRs

Included in this document is:

the notice of meeting setting out the resolutions to be proposed, together with explanatory notes.

Proxy card for completion, signature and submission to the Bank of New York is enclosed separately.

Registered and corporate office

11 Diagonal Street, Johannesburg, 2001

(PO Box 62117 Marshalltown, 2107) South Africa.

INVITATION

Friday, May 4, 2007, 11:00 (South African time), The Country Club Johannesburg, Napier Road Auckland Park, Johannesburg, South Africa

principal partner at Bruce-Lyle, Bannerman & Thompson Attorneys in Ghana.

Ordinary resolution number 4

Re-election of director

“Resolved that Mr WA Nairn, who retires in terms of the Articles of Association and who is eligible and available for re-election, is hereby re-elected as a director of the company.”

The reason for proposing ordinary resolution number 4 is because Mr WA Nairn retires as a director of the company by rotation at the annual general meeting.

Bill Nairn, BSc (Mining Engineering) has been a member of the AngloGold board since January 2000. He was reappointed to the board in May 2001, having previously been alternate director to Tony Trahar. He was technical director of Anglo American plc, prior to his retirement in 2004.

Ordinary resolution number 5

Re-election of director

“Resolved that Mr SR Thompson, who retires in terms of the Articles of Association and who is eligible and available for re-election, is hereby re-elected as a director of the company.”

The reason for proposing ordinary resolution number 5 is because Mr SR Thompson retires as a director of the company by rotation at the annual general meeting.

Simon Thompson, BA (Hons), (Geology), is the chief executive of Anglo American Base Metals Division. He is also a director of Anglo American South Africa Limited, a member of the executive board of Anglo American plc, chairman of the Exploration Division and a member of the executive committee of the Industrial Minerals Division. He was appointed to the AngloGold board in April 2004.

Ordinary resolution number 6

Election of director

“Resolved that Mr JH Mensah, who retires in terms of Article 92 of the Articles of Association and who is eligible and available for election, is hereby elected as a director of the company.”

The reason for proposing ordinary resolution number 6 is because Mr JH Mensah, having been appointed a director since the previous

annual general meeting, holds office only until this year's annual

general meeting.

Joseph Mensah, MSc (Economics), London University, was

appointed to the board in August 2006. He has extensive experience

in international and local economic management. He is the Chairman

of the National Development Planning Commission in Ghana and a

member of the Ghana Parliament representing the Sunyani East

constituency. He was until recently the Senior Minister in the current

government.

Ordinary resolution number 7

Election of director

“Resolved that Prof WL Nkuhlu, who retires in terms of Article 92 of

the Articles of Association and who is eligible and available for

election, is hereby elected as a director of the company.”

The reason for proposing ordinary resolution number 7 is because

Prof WL Nkuhlu, having been appointed a director since the previous

annual general meeting, holds office only until this year's annual

general meeting.

Wiseman Nkuhlu, BCom (University of Fort Hare), CA (SA) is a past

president of The South African Institute of Chartered Accountants.

He also holds an MBA from the University of New York and is a

respected South African academic, professional and business

leader. He was appointed to the AngloGold Ashanti board and

deputy chairman of the Audit and Corporate Governance Committee

with effect from August 4, 2006.

Ordinary resolution number 8

Election of director

“Resolved that Mr SM Pityana, who retires in terms of Article 92 of

the Articles of Association and who is eligible and available for

election, is hereby elected as a director of the company.”

The reason for proposing ordinary resolution number 8 is because

Mr SM Pityana, having been appointed a director since the previous

annual general meeting, holds office only until this year's annual

general meeting.

Sipho Pityana, BA (Hons) (Essex), MSc (London), was appointed to

the AngloGold Ashanti board on February 13, 2007. He is the

Executive Chairman of Izingwe Holdings (Proprietary) Limited and

has occupied strategic roles in both the public and private sector,

Page 8

Notice of annual general meeting cont.

Page 9

including the positions of Director General of the national departments of Labour and Foreign Affairs. He was formally a senior executive of Nedbank and is currently a non-executive director of several companies including Bytes Technology Group (BTG), African Oxygen (Afrox), Munich Re and Aberdare Cables.

Ordinary resolution number 9

Placement of shares under the control of the directors “Resolved that subject to the provisions of the Companies Act No. 61 of 1973, as amended, and the JSE Listings Requirements, from time to time, the directors of the company are hereby, as a general authority and approval, authorised to allot and issue, in their discretion, and for such purposes as they may determine, up to 10% of the authorised but unissued ordinary shares of 25 cents each in the share capital of the company remaining after setting aside so many ordinary shares of 25 cents each as may be required to be allotted and issued by the company pursuant to the AngloGold Limited Share Incentive Scheme, the Long-Term Incentive Plan, the Bonus Share Plan, the Bokamoso Employee Share Ownership Plan, the Black Economic Empowerment transaction, the Employee Share Ownership Plan to be implemented in countries other than South Africa and for purposes of the conversion of the US$1,000,000,000, 2.375% Guaranteed Convertible Bonds issued by AngloGold Ashanti Holdings plc.”

The reason for proposing ordinary resolution number 9 is to seek a general authority placing a portion of the unissued ordinary shares of the company under the control of the directors. The directors consider it advantageous to renew this authority to enable the company to take advantage of business opportunities which might arise in the future.

10. Ordinary resolution number 10

Issuing of shares for cash

“Resolved that, subject to Ordinary Resolution No. 9 being passed and in terms of the JSE Listings Requirements, from time to time, the directors are hereby authorised to allot and issue for cash without restrictions to any public shareholder, as defined by the JSE Listings Requirements, as and when suitable opportunities arise, in their discretion, the authorised but unissued ordinary shares of 25 cents each in the share capital of the company which were placed under the control of the directors as a general authority in terms of Ordinary Resolution No. 9, subject to the following conditions:

(a) this authority shall only be valid until the next annual general

meeting but shall not extend beyond 15 months;

(b) a paid press announcement giving full details, including the

impact on net asset value and earnings per share, be published

after any issue representing, on a cumulative basis within one

financial year, 5% or more of the number of ordinary shares in

issue prior to the issue concerned;

shall not exceed 10% of the number of shares of the company’s

unissued ordinary share capital;

(d) in determining the price at which an issue of shares for cash will

be made in terms of this authority, the maximum discount

permitted shall be 10% of the weighted average traded price of

the ordinary shares on the JSE (adjusted for any dividend

declared but not yet paid or for any capitalisation award made to

shareholders), over the 30 business days prior to the date that

the price of the issue is determined or agreed by the directors of

the company; and

(e) this authority includes the issue of shares arising from any

options or convertible securities issued for cash other than in

respect of which a specific authority for such issue has

been obtained.”

The reason for proposing ordinary resolution number 10 is that the

directors consider it advantageous to renew this authority to enable

the company to take advantage of any business opportunity which

might arise in the future. The proposed renewal of this authority is in

compliance with the JSE Listings Requirements relating to the issue

of shares for cash.

A 75% majority of the votes cast by shareholders present or

represented by proxy at the meeting is required for the approval of

this ordinary resolution.

Special business

11. Ordinary resolution number 11

Increase in directors' remuneration

“Resolved that, subject to Article 73 of the Articles of Association of

the company, the following remuneration shall be payable

to directors of the company quarterly in arrears with effect from

1 June 2007:

(a) R135,000 per annum for each director, other than for the incumbents of the offices of chairman, deputy chairman and a director qualifying for remuneration under (d) below.

(b) US$150,000 per annum for the office of the chairman.

(d) Incumbents holding the office of director and who are non-residents of South Africa will receive US$25,000 per annum.

(e) An additional travel allowance of US$5,000 per meeting for each director, including the chairman and deputy chairman travelling internationally to attend board meetings.

The remuneration payable in terms (a), (b), (c), and (d) shall be in proportion to the period during which the offices of director, chairman or deputy chairman, as the case may be, have been heldduring the year.”

The reason for proposing the ordinary resolution is to ensure that directors’ remuneration, which has not been changed since 2004, remains competitive. It is proposed that the annual remuneration payable to directors (R110,000), the chairman (US$130,000) and the deputy chairman (R300,000), be increased to R135,000, US$150,000 and R360,000 respectively. A director resident outside South Africa would receive US$25,000 per annum instead of US$16,000. On the basis of the present number of non-executive directors, the aggregate annual remuneration would increase from R1,180,000 and US$178,000 to R1,440,000 and US$225,000 respectively. In addition, it is proposed that the current travel allowance of US$4,000 per meeting, payable to directors, including the chairman and deputy chairman, who travel internationally to attend board meetings, be increased to US$5,000 per meeting. The increase of this allowance represents additional remuneration of some US$12,000.

Fees payable in respect of the position of president have been excluded.

Executive directors do not receive payments of directors’ fees.
The company will disregard any votes cast by:

the chairman, deputy chairman, non-executive directors and executive directors; or

an associate of that person or group of persons stated above.

However, the company will not disregard a vote if:

it is cast by a person as proxy for a person who is entitled to

vote in accordance with the directions on the form of proxy; or

it is cast by the person chairing the meeting as a proxy of a

person who is entitled to vote in accordance with a direction on

the form of proxy to vote as the proxy decides.

12. Special resolution number 1

Acquisition of company’s own shares

“Resolved that the acquisition in terms of Section 85 of the

Companies Act No. 61 of 1973, as amended, (the Act) and the JSE

Listings Requirements, from time to time, by the company of

ordinary shares issued by the company, and the acquisition in terms

of Section 89 of the Act and the JSE Listings Requirements by the

company and any of its subsidiaries, from time to time, of ordinary

shares issued by the company, is hereby approved as a general

approval, provided that:

any such acquisition of shares shall be implemented through

the order book operated by the JSE trading system and done

without any prior understanding or arrangement between the

company and the counter party; and/or on the open market of

any other stock exchange on which the shares are listed or may

be listed and on which the company may, subject to the

approval of the JSE and any other stock exchange as

necessary, wish to effect such acquisition of shares;

this approval shall be valid only until the next annual general

meeting of the company, or for 15 months from the date of this

resolution, whichever period is shorter;

an announcement containing details of such acquisitions will be

published as soon as the company, or the subsidiaries

collectively, shall have acquired ordinary shares issued by the

company constituting, on a cumulative basis, not less than 3%

of the number of ordinary shares in the company in issue as at

the date of this approval; and an announcement containing

details of such acquisitions will be published in respect of each

subsequent acquisition by either the company, or by the

subsidiaries collectively, as the case may be, of ordinary shares

issued by the company, constituting, on a cumulative basis, not

less than 3% of the number of ordinary shares in the company

in issue as at the date of this approval;

Notice of annual general meeting cont.

Page 10

Page 11

the company, and its subsidiaries collectively, shall not in any year be entitled to acquire ordinary shares issued by the company constituting, on a cumulative basis, more than 20% of the number of ordinary shares in the company in issue as at the date of this approval;

shares issued by the company may not be acquired at a price greater than 10% above the weighted average market price of the company’s shares for the five business days immediately preceding the date of the relevant acquisition.”

The reason for this special resolution is to grant the directors of the company a general authority for the acquisition of the company’s ordinary shares by the company, or by a subsidiary of the company.

The effect of this special resolution will be to authorise the directors of the company to procure that the company or any of its subsidiaries may purchase ordinary shares issued by the company on the JSE or any other stock exchange on which the company’s shares are or may be listed.

The directors, after considering the effect of a repurchase, up to the maximum limit, of the company’s issued ordinary shares, are of the opinion that if such repurchases were implemented:

the company and the group would be able in the ordinary course of business to pay its debts for a period of 12 months after the date of the notice issued in respect of the annual general meeting;

the assets of the company and the group would be in excess of the liabilities of the company and the group for a period of 12 months after the date of the notice issued in respect of the annual general meeting. For this purpose, the assets and liabilities would be recognised and measured in accordance with the accounting policies used in the latest audited group annual financial statements;

the ordinary capital and reserves of the company and the group would be adequate for a period of 12 months after the date of the notice issued in respect of the annual general meeting; and

the working capital of the company and the group would be adequate for a period of 12 months after the date of the notice issued in respect of the annual general meeting.

At the present time the directors have no specific intention with

regard to the utilization of this authority which will only be used if the

circumstances are appropriate.

By order of the board

Ms Y Z Simelane

Managing Secretary

Johannesburg

March 26, 2007

Registered and corporate office

11 Diagonal Street

Johannesburg

2001

South Africa

Voting instructions

Enclosed herewith is a Proxy card provided by the Bank of New

York, which includes all the relevant details.

Queries about the AGM

If you have any queries about the AGM, please contact the Bank of

New York on 1-888-BNY-ADRS in the US or for International allers,

1-212-815-3700.

AngloGold Ashanti annual financial statements

The annual financial statements 2006 is available electronically on

the company’s websites: http://www.AngloGoldAshanti.com or

http://www.aga–reports.com. Hard copy reports are available on

request from the Bank of New York, at the address shown on the

inside back cover.

Page 12

Stock exchange listings

The primary listing of the company's ordinary shares is on the JSE Limited (JSE). Its ordinary shares are also listed on stock exchanges in London, Paris and Ghana, as well as being quoted in Brussels in the form of International Depositary Receipts (IDRs), on the New York Stock Exchange (NYSE) in the form of American Depositary Shares (ADSs), in Australia, in the form of Clearing House Electronic Subregister System Depositary Interests (CDIs) and in Ghana, in the form of Ghanaian Depositary Shares (GhDSs).

Stock exchange information at December 31

2006

2005

2004

2003

2002

JSE (Share code: ANG)

Rands per share:

Market price

– high

387.00

319.90

319.00

339.00 347.00

– low

247.00

187.00

192.05

191.00 200.00

– year end

329.99

314.00

199.01 313.99 290.50

Shares traded

– 000

131,476 88,946 102,811 88,025 117,543

New York Stock Exchange (Share code: AU)

US dollars per ADS:

Market price

– high

62.20

49.88

48.25

49.95 35.33

– low

35.58

30.50

29.91

32.80 17.62

– year end

47.09

49.33

36.35

46.70 34.26

ADSs traded

– 000

348,040

191,698

225,286

249,791 210,933

Each ADS is equal to one ordinary share

More detailed stock exchange information is available in the Annual Financial Statements 2006, which is also available electronically on the corporate websites, www.anglogoldashanti.com and www.aga–reports.com

Stockholder information

Shareholders’ diary

Financial year-end

December 31, 2006

Annual financial statements

posting on or about

March 26, 2006

Annual general meeting

11:00 SA time

May 4, 2007

Quarterly reports

Released on or about

– Quarter ended March 31, 2007

May 5, 2007

– Quarter ended June 30, 2007

July 31, 2007

– Quarter ended September 30, 2007

November 1, 2007

– Quarter ended December 31, 2007

*February 1, 2008

Dividends

Last date

to trade

Date ordinary

Payment

dividend

date to

Dividend number

declared

cum dividend

shareholders

ADS holders

Final – number 101

February 12, 2007

March 2, 2007

March 16, 2007

March 26, 2007

Interim – number 102

July 30, 2007*

August 17, 2007*

August 31, 2007*

September 10, 2007*

Final – number 103

January 31, 2008*

February 15, 2008*

February 29, 2008*

March 10, 2008*

* Approximate dates

Administrative information

AngloGold Ashanti Limited

Registration No. 1944/017354/06
Incorporated in the Republic of South Africa

Share codes:

ISIN: ZAE000043485
JSE: ANG
LSE: AGD
NYSE: AU
ASX:

AGG

GSE (Shares):

AGA

GSE (GhDS):

AADA

Euronext Paris:

Euronext Brussels:

ANG

JSE Sponsor:

UBS

Auditors:

Ernst & Young
Registered
Auditor Inc

Offices

Registered and Corporate
11 Diagonal Street
Johannesburg 2001
(PO Box 62117, Marshalltown 2107)
South Africa
Telephone: +27 11 637 6000
Fax: +27 11 637 6624

Australia
Level 13, St Martins Tower
44 St George's Terrace
Perth, WA 6000
(PO Box Z5046, Perth WA 6831)
Australia
Telephone: +61 8 9425 4602
Fax: +61 8 9425 4662

Ghana
Gold House
Patrice Lumumba Road
(PO Box 2665)
Accra
Ghana
Telephone: +233 21 772190
Fax: +233 21 778155

United Kingdom Secretaries
St James's Corporate Services Limited
6 St James's Place
London SW1A 1NP
England
Telephone: +44 20 7499 3916
Fax: +44 20 7491 1989

Directors

Executive
RM Godsell (Chief Executive Officer)
R Carvalho Silva §
NF Nicolau
S Venkatakrishnan *

Non-Executive
RP Edey * (Chairman)
Dr TJ Motlatsi (Deputy Chairman)
FB Arisman #
RE Bannerman ‡
Mrs E le R Bradley
CB Brayshaw
R Médori † (Alternate: P G Whitcutt)
JH Mensah ‡
WA Nairn (Alternate: A H Calver *)
Prof WL Nkuhlu
SM Pityana
SR Thompson *
AJ Trahar

* British

# American

‡ Ghanaian

† French

§ Brazilian

Officers
Managing Secretary:

Ms Y Z Simelane

Company Secretary:

Ms L Eatwell

Contacts

South Africa
Charles Carter
Telephone: +27 11 637 6385
Fax: +27 11 637 6400
E-mail: cecarter@AngloGoldAshanti.com

Michael Clements
Telephone: +27 11 637 6647
Fax: +27 11 637 6400
E-mail: mclements@AngloGoldAshanti.com

General E-mail enquiries
investors@AngloGoldAshanti.com

AngloGold Ashanti website
http://www.AngloGoldAshanti.com
AngloGold Ashanti annual report webhsite
http://www.aga–reports.com

Company secretarial e-mail
companysecretary@anglogoldashanti.com

Share Registrars

South Africa
Computershare Investor Services 2004 (Pty)
Limited
Ground Floor, 70 Marshall Street
Johannesburg 2001
(PO Box 61051, Marshalltown 2107)
South Africa
Telephone: 0861 100 724 (in SA)
Fax: +27 11 688 5222
web.queries@computershare.co.za

United Kingdom
Computershare Investor Services PLC
PO Box 82
The Pavilions
Bridgwater Road
Bristol BS99 7NH
England
Telephone: +44 870 702 0000
Fax: +44 870 703 6119

Australia
Computershare Investor Services
Pty Limited
Level 2, 45 St George's Terrace
Perth, WA 6000
(GPO Box D182 Perth, WA 6840)
Australia
Telephone: +61 8 9323 2000
Telephone: 1300 55 7010 (in Australia)
Fax: +61 8 9323 2033

Ghana
NTHC Limited *
Martco House
Off Kwame Nkrumah Avenue
PO Box K1A 9563 Airport
Accra
Ghana
Telephone: +233 21 238492-3
Fax: +233 21 229975

* GhDS registrars

ADR Depositary

The Bank of New York (BoNY)
Investor Services, P O Box 11258
Church Street Station
New York, NY 10286-1258
United States of America
Telephone: +1 888 269 2377 (Toll free in
USA) or +1 212 815 3700 (outside USA)
E-mail: shareowners@bankofny.com
Website: http://www.stockbny.com

Global BuyDIRECT SM

BoNY maintains a direct share purchase
and dividend reinvestment plan for
AngloGold Ashanti.

Telephone: +1-888-BNY-ADRS

The Annual Financial Statements 2006 is available in printed or CD format from the contacts whose details appear above or on the Internet at the above website address. In addition, AngloGold Ashanti must by no later than 30 June 2007 produce a Form 20-F (a report required by the Securities and Exchange Commission in the United States), copies of which will be available free of charge on EDGAR at www.sec.gov, or from the contacts detailed above.

Supplementary information on Mineral Resources, Ore Reserves and development, prepared on a business unit basis, is obtainable from the above sources as well as in PDF format on the AngloGold Ashanti website. Plans of the South Africa region underground workings are also available on request.

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.

AngloGold Ashanti Limited

Date: March 29, 2007

By:

/s/ L Eatwell

Name: Lynda Eatwell
Title: Company Secretary