Data assurance

Where indicated on this site, certain data parameters have been assured by a third party, in 2010 by Ernst & Young. Their assurance statement is given below.

External assurance statement

Independent assurance report to the directors and management of AngloGold Ashanti Limited for the period ended 31 December 2010

Scope of our engagement

We have completed our independent assurance engagement to enable us to express our assurance conclusions on the following subject matter:

1. Limited assurance on whether: AngloGold Ashanti Limited’s (‘AngloGold Ashanti’) policies are aligned with the International Council on Mining and Metals (‘ICMM’) five Sustainable Development Principles as indicated by the symbol in the Supplementary Information; AngloGold Ashanti’s reporting of material sustainable development risks and opportunities and views and expectations of its stakeholders are in accordance with the criteria; AngloGold Ashanti’s performance for identified risks and opportunities by way of selected key performance indicators as marked for assurance by the symbol in the Supplementary Information are in accordance with the criteria; AngloGold Ashanti’s group-level report (‘the Report’) and Supplementary Information for the period ended 31 December 2010, has been prepared, in all material respects, in accordance with the self-declared Global Reporting Initiative (GRI) G3 Guidelines A+ application level using the principles of materiality, completeness and sustainability context; and
2. Reasonable assurance on whether AngloGold Ashanti’s performance for identified risks and opportunities by way of selected key performance indicators as marked for assurance by the symbol in the Supplementary Information as well as the number of operations certified under the Cyanide Code (the Report, Our sustainability performance in 2010 and Environmental and natural resource stewardship) and corporate social investment spend (the Report, AngloGold Ashanti and communities and Supplementary Information, Community investment) are in accordance with the criteria.

The criteria used are as set out by both the ICMM Sustainable Development Assurance Framework Procedure and the GRI G3 guidelines. AngloGold Ashanti’s internal corporate reporting procedures were applied as criteria for testing the selected key performance indicators in the scope of the assurance and are indicated in the Supplementary Information as footnotes where relevant.

Our responsibility in performing our independent limited and reasonable assurance engagements is to AngloGold Ashanti only and in accordance with the terms of reference for this engagement as agreed with them. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AngloGold Ashanti, for our work, for this report, or for the conclusions we have reached.

Directors’ responsibility

The directors are responsible for the preparation and presentation of the Report and the Supplementary Information; and the information and assessments contained in the Report and the Supplementary Information in accordance with the relevant criteria. This responsibility includes: designing, implementing and maintaining appropriate performance management systems to record, monitor and improve the accuracy, completeness and reliability of the sustainability data and to ensure that the information and data reported meet the requirements of the relevant criteria, and contain all relevant disclosures that could materially affect any of the conclusions drawn.

Assurance provider’s responsibility

Our responsibility is to express our limited and reasonable assurance conclusions on the areas as highlighted under the scope above. Our independent limited and reasonable assurance engagement was performed in accordance with the International Federation of Accountants’ (IFAC’s) International Standard on Assurance Engagements (ISAE) 3000 Assurance Engagements Other Than Audits or Reviews of Historical Financial Information. This standard requires us to comply with ethical requirements and to plan and perform our engagements to obtain limited and reasonable assurance regarding the Report and Supplementary Information, as well as the specified KPIs contained in the Report and Supplementary Information, as expressed in this report.

Basis of work and limitations

The procedures selected depend on our judgement, including the assessment of the risks of material misstatement of the subject matter and the purpose of our engagement. In making these assessments, we have considered internal control relevant to the entity’s preparation and presentation of the Report and Supplementary Information, and the information contained therein, in order to design procedures appropriate for gathering sufficient appropriate assurance evidence to determine that the information in the Report and Supplementary Information is not materially misstated or misleading as set out in the summary of work performed below. Our assessment of relevant internal control is not for the purpose of expressing a conclusion on the effectiveness of the entity’s internal controls.

We planned and performed our work to obtain all the information and explanations that we considered necessary to provide a basis for our limited and reasonable assurance conclusions pertaining to the Report, the Supplementary Information and the specified KPIs, as indicated with the symbol or in the Supplementary Information. We have no responsibility to update this report for events and circumstances occurring after the date of the report, nor will we perform any work in this regard.

Where a limited assurance conclusion is expressed, our evidence gathering procedures are more limited than for a reasonable assurance engagement, and therefore less assurance is obtained than in a reasonable assurance engagement.

Our report does not extend to providing assurance on prior years’ data.

We provide no assurance over any web-related content except for the specific information included as part of the scope of our engagement above.

Summary of work performed

Set out below is a summary of the procedures performed pertaining to the Report, the Supplementary Information and the specified KPIs which were included in the scope of our assurance engagement.

• We obtained an understanding of:
  • the entity and its environment;
  • entity-level controls;
  • the stakeholder dialogue process;
  • the selection and application of sustainability reporting policies;
  • how management has aligned itself with the requirements of the ICMM; and
  • the significant reporting processes including how information is initiated, recorded, processed, reported and incorrect information is corrected, as well as the policies and procedures within the reporting processes.

• We made such enquiries of management, employees and those responsible for the preparation of the Report, the Supplementary Information and the specified KPIs, as we considered necessary.

• We inspected relevant supporting documentation and obtained such external confirmations and management representations as we considered necessary for the purposes of our engagement.

• We performed analytical procedures and limited tests of detail responsive to our risk assessment and the level of assurance required, including comparison of judgementally selected information to the underlying source documentation from which the information has been derived.

• We tested the key performance indicators indicated by the symbols or in the Supplementary Information and the number of operations certified under the Cyanide Code (the Report, Environmental and natural resource stewardship, by testing the indicators at a group level and at selected sites and business units in South Africa at Moab Khotsong, Kopanang and Mponeng, the Obuasi operation in Ghana and the Siguiri operation in Guinea.

• We considered whether AngloGold Ashanti has applied the GRI G3 Guidelines to a level described on the GRI content index of the Supplementary Information.

We believe that the evidence obtained as part of our assurance engagement, is sufficient and appropriate to provide a basis for our findings and our limited and reasonable assurance conclusions expressed below.

Conclusions

Limited assurance

Based on our limited assurance procedures performed and subject to the limitations above, nothing has come to our attention that causes us to believe that the subject matter has not been prepared in all material aspects in accordance with the criteria for the year ended 31 December 2010.

Reasonable assurance

Basis for qualification

In respect to the key performance indicator: the percentage of security personnel trained in aspects of human rights (GRI indicator HR8) indicated on page 34, we were unable to inspect appropriate supporting documentation at Obuasi, in Ghana relating to the percentage of security personnel trained on human rights aspects.

Qualified conclusion

In our opinion, except for the effects of the matter described in the basis for our qualified conclusion paragraph, the key performance indicators as indicated by the symbol in the Supplementary Information, the number of operations certified under the Cyanide Code (the Report, Our sustainability performance in 2010 and Environmental and natural resource stewardship) and the corporate social investment spend (Supplementary Information, Community investment), are fairly stated in all material aspects in accordance with the criteria for the year ended 31 December 2010.

Ernst & Young Inc

Director: Alasdair Stewart
Registered Auditor Chartered Accountant (SA)
Ernst & Young
52 Corlett Drive Johannesburg

11 March 2011