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 December 13, 2007
Commission File Number 1-14846
AngloGold Ashanti Limited
(Translation of registrant’s name into English)
76 Diagonal 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.
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 ANNOUNCES FURTHER CHANGES TO
THE COMPANY’S SENIOR MANAGEMENT TEAM
THE COMPANY’S SENIOR MANAGEMENT TEAM
news release
AngloGold Ashanti Limited \ (Incorporated in the Republic of South Africa)
(Reg. No.1944/017354/06) \ ISIN Number: ZAE000043485
Corporate Affairs Department: \ 3rd Floor \ 76 Jeppe Street \ Johannesburg \ 2001 \ South Africa
Tel +27 (0)11 637 6317 \ Fax +27 (0)11 637 6399/6400 \ www.AngloGoldAshanti.com
(Reg. No.1944/017354/06) \ ISIN Number: ZAE000043485
Corporate Affairs Department: \ 3rd Floor \ 76 Jeppe Street \ Johannesburg \ 2001 \ South Africa
Tel +27 (0)11 637 6317 \ Fax +27 (0)11 637 6399/6400 \ www.AngloGoldAshanti.com
13 December 2007
AGA17.07
ANGLOGOLD ASHANTI ANNOUNCES FURTHER CHANGES TO THE COMPANY’S SENIOR
MANAGEMENT TEAM
MANAGEMENT TEAM
AngloGold Ashanti today announced further changes to the company’s senior management team. Consistent with
the focus on improving operating performance CEO Mark Cutifani confirmed the establishment of a decentralised
regional operating structure with Robbie Lazare (Africa), Ron Largent (Americas) and Graham Ehm (Australia) as
the accountable Executive Vice Presidents for the operating regions, reporting direct to the CEO. This move is
designed to further strengthen the focus on delivering safety improvement and operating efficiencies. In addition
the following have been appointed to the roles of Executive Vice Presidents: Charles Carter (Business Strategy),
Richard Duffy (Business Development), Peter Rowe (Business Effectiveness), Thero Setiloane (Sustainability),
Nigel Unwin (Organisational Development).
the focus on improving operating performance CEO Mark Cutifani confirmed the establishment of a decentralised
regional operating structure with Robbie Lazare (Africa), Ron Largent (Americas) and Graham Ehm (Australia) as
the accountable Executive Vice Presidents for the operating regions, reporting direct to the CEO. This move is
designed to further strengthen the focus on delivering safety improvement and operating efficiencies. In addition
the following have been appointed to the roles of Executive Vice Presidents: Charles Carter (Business Strategy),
Richard Duffy (Business Development), Peter Rowe (Business Effectiveness), Thero Setiloane (Sustainability),
Nigel Unwin (Organisational Development).
These operational and functional EVPs, together with Mark Lynam (Treasurer) and Yedwa Simelane (Compliance
and Corporate Administration), are members of the company’s Executive Committee. Mark Cutifani and
Srinivasan Venkatakrishnan (CFO) will remain the only Executive Directors and will also be members of the
Executive Committee.
and Corporate Administration), are members of the company’s Executive Committee. Mark Cutifani and
Srinivasan Venkatakrishnan (CFO) will remain the only Executive Directors and will also be members of the
Executive Committee.
In respect of the management structure for operations in Africa, two decentralised teams reporting to Robbie
Lazare are being established. Johan Viljoen has been appointed Regional Head for Southern Africa and will
establish a lean technical and services team based in Potchefstroom. In respect of West Africa, Christian Rampa
Luhembwe has been appointed Regional Head for West Africa and will establish a similar technical and services
team based in Accra. These changes will involve ongoing restructuring and downsizing to the corporate services
provided from Johannesburg.
Lazare are being established. Johan Viljoen has been appointed Regional Head for Southern Africa and will
establish a lean technical and services team based in Potchefstroom. In respect of West Africa, Christian Rampa
Luhembwe has been appointed Regional Head for West Africa and will establish a similar technical and services
team based in Accra. These changes will involve ongoing restructuring and downsizing to the corporate services
provided from Johannesburg.
The company also announced that Brent Horochuk, managing Director at Geita Gold Mine in Tanzania, will be
leaving the company. Richard Le Sueur, formerly manager of the Morila joint venture in Mali, will be appointed
managing Director at Geita Gold Mine as from early January. Richard Le Sueur will report direct to Robbie
Lazare.
leaving the company. Richard Le Sueur, formerly manager of the Morila joint venture in Mali, will be appointed
managing Director at Geita Gold Mine as from early January. Richard Le Sueur will report direct to Robbie
Lazare.
Commenting on the management changes, CEO Mark Cutifani said “I have reconstituted the executive leadership
team to focus on business strategy and the associated framework for change and operational improvement. Our
first order of business must be to rebuild our business strategy to focus on improving the generation of value for
our shareholders. Consistent with delivering improved value we must ensure that we are delivering on our
commitments. This is the start of a process to realise the full potential of our people and assets. While we
currently have some underperforming operations, such as Geita, I am confident that with the right support to new
management on the ground we will start to see the kind of performance that I expect from the business.”
team to focus on business strategy and the associated framework for change and operational improvement. Our
first order of business must be to rebuild our business strategy to focus on improving the generation of value for
our shareholders. Consistent with delivering improved value we must ensure that we are delivering on our
commitments. This is the start of a process to realise the full potential of our people and assets. While we
currently have some underperforming operations, such as Geita, I am confident that with the right support to new
management on the ground we will start to see the kind of performance that I expect from the business.”
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) 11 637 6383
+27 (0) 83 350 0757
afine@AngloGoldAshanti.com
Certain statements made during this communication, including, without limitation, those concerning the economic outlook for the gold
mining industry, expectations regarding gold prices, production, 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, and its liquidity and capital resources and expenditure, contain certain forward-
looking statements regarding AngloGold Ashanti’s operations, economic performance and financial condition. 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 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 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 of such factors, refer to AngloGold Ashanti's annual report for the year
ended 31 December 2006, which was distributed to shareholders on 29 March 2007. 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.
mining industry, expectations regarding gold prices, production, 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, and its liquidity and capital resources and expenditure, contain certain forward-
looking statements regarding AngloGold Ashanti’s operations, economic performance and financial condition. 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 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 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 of such factors, refer to AngloGold Ashanti's annual report for the year
ended 31 December 2006, which was distributed to shareholders on 29 March 2007. 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: December 13, 2007
By:
/s/ L Eatwell
Name:
L EATWELL
Title: Company Secretary
Title: Company Secretary