2007 Annual Report
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Report of the independent assurers

To the Board of Directors and Management of AngloGold Ashanti Limited

Introduction

We have been engaged by AngloGold Ashanti  to conduct an assurance engagement on selected subject matter reported in AngloGold Ashanti’s Report to Society 2007, for the purposes of expressing a statement of independent assurance, for the year ended 31 December 2007. This assurance report is made solely to AngloGold Ashanti in accordance with the terms of our engagement.

The following subject matter reported in the Report to Society was selected for an expression of reasonable assurance:

Economic performance:

Ethics and governance:

Safety and health:

Regional health:

HIV/AIDS – South African operations:

Malaria – African operations

Human resources:

Environment:

Community:

Case studies:

GRI Application:

Directors’ responsibility

AngloGold Ashanti’s directors are responsible for the preparation and presentation of the identified selected subject matter in accordance with internal corporate policies and procedures, and the Global Reporting Initiative’s (GRI) new generation (G3) guidelines.

Responsibility of the independent assurers

Our responsibility is to express to the Directors an opinion on the selected subject matter contained in the Report to Society based on our reasonable assurance procedures.

Work performed

We conducted our engagement in accordance with the International Standards for Assurance Engagements 3000, “Assurance Engagements other than audits or reviews of historical financial information” (ISAE 3000) issued by the International Auditing and Assurance Standards Board. This standard requires that we comply with ethical requirements and plan and perform the assurance engagement to obtain reasonable assurance on the selected subject matter as per our terms of engagement.

AngloGold Ashanti’s internal corporate policies and procedures were used as criteria to evaluate the selected subject matter. In terms of evaluating the ‘A+’ application level, the specific application level criteria as stipulated by the GRI new generation (G3) guidelines has been used.

Our work consisted of:

  • obtaining an understanding of the systems used to generate, aggregate and report data at four operations in South Africa, one operation in Ghana, one operation in Tanzania, one operation in Brazil and at the corporate head office in South Africa;
  • conducting interviews with management at the sampled operations and at group level;
  • applying the assurance criteria in evaluating the data generation and reporting processes;
  • performing key controls testing; and
  • testing the accuracy of data reported on a sample basis.

Inherent limitations

Non-financial data is subject to more inherent limitations than financial data, given both the nature and the methods used for determining, calculating, sampling or estimating such data. We have not carried out any work on data reported for prior reporting periods, nor in respect of future projections and targets. We have not conducted any work outside of the agreed scope and therefore restrict our opinion to the agreed subject matter.

Conclusion – Reasonable Assurance

On the basis of our reasonable assurance procedures, the subject matter selected for assurance for the year ended 31 December 2007, has been prepared, in all material respects, in accordance with corporate policies and procedures and is free from material misstatements.

PricewaterhouseCoopers Inc.
Director: Carmen Le Grange
Registered Auditor
Johannesburg
7 March 2008

What is assurance?

A document describing the value of the assurance process to us is available, see What is assurance?


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AngloGold Ashanti Annual Report 2007 – Report to Society