AngloGold South Africa workers return to work after strike

September 6, 2013

AngloGold Ashanti confirms that it has made an offer to its unionized employees in South Africa with the aim of reaching a two-year wage settlement. The National Union of Mineworkers, Solidarity and United Association of South Africa have indicated their members will accept the improved offer and employees, who had embarked on a strike beginning September 3 at the Vaal River Operations, have reported for work. AngloGold Ashanti is awaiting receipt of a formal acceptance of the offer by the unions. Under the agreement, pay levels will rise by between 7.5% and 8% in the first year effective as at July 1 and employees will receive CPI-linked increases in the second year, effective July 1, 2014. AngloGold Ashanti's Vaal River Operations which were impacted by this brief strike accounted for about 16% of AngloGold Ashanti's production in 2012.