GEITA GOLD MINE

Geita Gold Mine ChallengesIn Tanzania, threats by illegal miners and trespassers haveescalated, primarily driven by a higher gold price in recent years.A study on behalf of Geita Gold Mine found 17 small scaleartisanal (ASM) mine sites in and around the Geita Gold Minesite, directly involving more than 6500 people in illicit mining andprocessing activities. Illegal ASM activity negatively impacts theenvironment, particularly downstream water quality whenmercury use is used in processing. There were 24 third partycommunity fatalities within the GGM Special Mining Lease in2012, many of which were the result of unsafe illegal miningmethods including void collapses. Further fatalities were theresult of drowning in the Nyankanga Dam. The Police andResident Mines Officer (MADINI) are routinely called toinvestigate all fatalities that occur on the mine site.

In response Geita Gold Mine is undertaking a number ofmeasures including the development of an Artisanal and Small-Scale Mining strategy which includes working in partnership withthe Ministry of Energy and Minerals, the World Bank, AfricanBarrick Gold and the ASM Sector to identify opportunities tosupport ASM formalisation. Geita Gold Mine also signed aMemorandum of Understanding with the Tanzanian PoliceService in December 2012 to formalise cooperative measuresbetween the company and the Tanzanian police. Geita GoldMine adheres to the Voluntary Principles on Security and HumanRights in all security-related matters.

Geita Gold Mine Future AngloGold Ashanti is working hard to ensure a prosperous futurefor Geita Gold Mine. Our geologists are working hard to identifynew reserves to extend the life of our current assets.

For more information please see www.anglogoldashanti.com

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Headquartered in Johannesburg South Africa, AngloGoldAshanti Limited (AngloGold Ashanti) is the largest goldproducer in Africa, with further operations around theglobe. Geita Gold Mine is AngloGold Ashanti’s whollyowned and managed operation in Tanzania, it is thelargest single gold mining operation within the group andis Tanzania’s most productive mine. The mine is located inNorth West Tanzania, near the shores of Lake Victoria.

AngloGold Ashanti has invested $ 600 million in Geita Gold Minesince 2000. Geita Gold Mine is an open cast mine, with threepits, it currently employees 1,721 people directly, with a further1,820 contractors and 155 casuals and apprentices.Approximately 95% of these employees are Tanzanian.

Geita Gold Mine has paid $683 million in direct contributions tothe Tanzanian government through taxes and royalties since2000; in 2012 our contributions totalled $213.8 million, asignificant increase on 2011’s $101.1 million.

Geita Gold Mine Q4 2012 Quarterly Update

Financial and Operational PerformanceGeita Gold Mine produced 118,000 oz gold in Q4 2012. Outputfrom the mine fell 18% compared to the same period last year,and fell 7% compared to the previous quarter. These results areconsistent with our business planning in which we arestockpiling higher grade material for a scheduled replacement ofthe primary mill in Q1 2013. Annual production was 531 koz, anincrease of 7.5% on 2011.

Output costs for the quarter were $825 /oz. This is a 70%increase compared to the same period last year, and a 21%increase on the last quarter. Rising costs are attributed to acombination of factors, on one hand there was a plannedslowdown in output and the impact of increased royalties on ahigher gold price. This was further compounded by the supplychain write down of year-end consumables stock. Annual cashcosts were $653 /oz, an increase of 22% on 2011.

Safety and Environmental PerformanceIn 2012 Geita Gold Mine’s ‘All injury frequency rate’ was 1.62per million hours worked, tragically there was one fatality on siteduring this year, in a light vehicle accident. Safety is our numberone priority, and we are proud of the fact that safety incidentrates have fallen 75% since 2009.

Only one reportable environmental incident occurred during2012. The incident, in which excess vegetation was cleared,was reported to Geita authorities, compensation was paid andthe area was revegetated using indigenous tree species. Geitaretained its ISO 14001 certification which remains valid untilJune 2013.

Social PerformanceGeita Gold Mine is proud of its positive social investments in andaround the mine site. We believe that our host community will bebetter off for Geita Gold Mine having been there, and we achievethis by aligning our community investments to the MillenniumDevelopment Goals (MDGs).

Our health investments cover all medical areas, from HIV/AIDSand malaria, to personal wellbeing and fatigue, both for ouremployees and our host community’s benefit. In 2012 weinvested in a number of health related projects, including:

• Geita malaria control program, in partnership with theNational Institution of Medical Research

• Voluntary counselling and testing for HIV/AIDS, in partnershipwith AMREF

• Rafiki cleft palate surgical missions, in partnership withAfrican Barrick Gold

• Nyakabale Dispensary• Geita District Hospital

Elsewhere, we have allocated $1.25 million for the NyankumbuGirls Secondary School. While Nyakabale market gardens, is aGeita Gold Mine project to provide additional livelihoods in theGeita community. To support local communities in achieving theMDGs, Geita Gold Mine has entered into a partnership with theMillennium Promise Alliance to develop a strategy for integrateddevelopment around the mine.

Our flagship water project in partnership with the government ofTanzania saw continued progress of the construction of a cleanwater supply to Geita town.130 000 residents will benefit fromthe project that Geita Gold Mine has invested $4.5 million in.

Skills DevelopmentWe train our Tanzanian staff through partnerships andprogrammes with education establishments such as theIntegrated Mining Technical Training Course (IMTT) at theVocation Education and Training Authority (VETA) in Moshi; withJames Cook University, Australia and through our internalmanagement training programs at Wits University South Africa.

Tanzania ‘Indaba’Geita Gold Mine was a proud sponsor of the Tanzania ‘Indaba’,a mining, oil, gas and infrastructure conference in Arusha inOctober 2012. Managing Director Gary Davies led aninternational AngloGold Ashanti delegation, showcasing ourcommitment to Tanzania in front of senior governmentdelegates, industry peers and other stakeholders.

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