2.2.0.7 false Related Party Transactions Disclosure 00960 - Disclosure - Related Party Transactions Disclosure true false false false 1 USD false false Monetary Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 EarninsPerShareUSD Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares xbrli 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 $ 2 Related Party Transactions Abstract 0 au_RelatedPartyTransactionsAbstract au false na duration No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false xbrli:stringItemType string No definition available. false 3 Related Party Transactions 1 us-gaap_RelatedPartyTransactionsDisclosureTextBlock us-gaap true na duration No definition available. false false false false false false false false false false false terselabel false 1 false false false false 0 0 RELATED PARTY TRANSACTIONSAs at December 31, 2008, Anglo American plc (AA plc) and its subsidiaries held an effective 16.17 percent interest in AngloGold Ashanti. On March 17, 2009, AA plc disposed of its entire remaining shareholding in the Company. The Company had the following transactions with related parties during the years ended December 31, 2009, 2008 and 2007:<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 202px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:202px;"> </td><td colspan="3" style="width: 157px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:157px;"> December 31, 2009</td><td style="width: 5px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:5px;"> </td><td colspan="3" style="width: 157px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:157px;"> December 31, 2008</td><td style="width: 5px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:5px;"> </td><td style="width: 111px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:111px;"> December 31, 2007</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 17px; text-align:left;border-color:#000000;min-width:17px;"> </td><td style="width: 185px; text-align:left;border-color:#000000;min-width:185px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">Purchases (by)/from related party</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">Amounts owed to/(by) related party</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">Purchases (by)/from related party</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">Amounts owed to/(by) related party</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 111px; text-align:right;border-color:#000000;min-width:111px;">Purchases (by)/from related party</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 202px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:202px;">(in millions)</td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">$</td><td style="width: 5px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">$</td><td style="width: 5px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">$</td><td style="width: 5px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">$</td><td style="width: 5px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 111px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:111px;">$</td></tr><tr style="height: 29px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 202px; text-align:left;border-color:#000000;min-width:202px;">Related party transactions of equity accounted joint ventures and associates</td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 111px; text-align:right;border-color:#000000;min-width:111px;"> </td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 202px; text-align:left;border-color:#000000;min-width:202px;">AGA Polymetal Strategic Alliance</td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"> -</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"> (3)</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"> -</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"> (3)</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 111px; text-align:right;border-color:#000000;min-width:111px;"> -</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 202px; text-align:left;border-color:#000000;min-width:202px;">Margaret Water Company</td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"> 1</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"> -</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"> 1</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"> -</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 111px; text-align:right;border-color:#000000;min-width:111px;"> -</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 202px; text-align:left;border-color:#000000;min-width:202px;">Oro Group (Proprietary) Limited</td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"> -</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"> (2)</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"> -</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"> (2)</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 111px; text-align:right;border-color:#000000;min-width:111px;"> -</td></tr><tr style="height: 29px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 202px; text-align:left;border-color:#000000;min-width:202px;">Societe d'Exploitation des Mines d'Or de Sadiola S.A.</td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"> (10)</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"> (3)</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"> (5)</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"> (2)</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 111px; text-align:right;border-color:#000000;min-width:111px;"> (7)</td></tr><tr style="height: 29px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 202px; text-align:left;border-color:#000000;min-width:202px;">Societe d'Exploitation des Mines d'Or de Yatela S.A.</td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"> (3)</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"> -</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"> (1)</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"> (1)</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 111px; text-align:right;border-color:#000000;min-width:111px;"> (3)</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 202px; text-align:left;border-color:#000000;min-width:202px;">Societe des Mines de Morila S.A.</td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"> (6)</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"> (1)</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"> (5)</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"> (1)</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 111px; text-align:right;border-color:#000000;min-width:111px;"> (5)</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 202px; text-align:left;border-color:#000000;min-width:202px;">Trans-Siberian Gold plc</td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"> -</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"> (1)</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"> -</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"> (1)</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 111px; text-align:right;border-color:#000000;min-width:111px;"> (1)</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 202px; text-align:left;border-color:#000000;min-width:202px;">Orpheo (Proprietary) Limited</td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"> -</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"> (1)</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"> -</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;">-</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 111px; text-align:right;border-color:#000000;min-width:111px;"> -</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td colspan="2" style="width: 202px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:202px;">AuruMar (Proprietary) Limited</td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;"> -</td><td style="width: 5px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;"> (2)</td><td style="width: 5px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;"> -</td><td style="width: 5px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 76px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:76px;">-</td><td style="width: 5px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 111px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:111px;"> -</td></tr></table></div>Amounts owed to/due by joint venture related parties are unsecured, non-interest bearing and under terms that are no less favorable than those with third parties.The loan balance due to Goldmed Medical Scheme of $1 million as of December 31, 2008, was repaid during 2009.The AGA-Polymetal Strategic Alliance (joint venture) loan of $3 million advanced during 2008, is interest free and is repayable on demand at any time after profits have been generated by the joint venture.The Oro Group (Proprietary) Limited loan of $2 million (2008: $2 million) bears interest at a rate determined by the Oro Group (Proprietary) Limited's board of directors and is repayable at their discretion.The AuruMar (Proprietary) Limited loan of $2 million (2008: $nil million) is unsecured, interest free and there are no fixed terms of repayment.The Orpheo (Proprietary) Limited loan of $1 million (2008: $nil million) is unsecured, interest free and there are no fixed terms of repayment.The Company, which holds an equity interest of 29.7 percent (2008: 29.7 percent) in Trans-Siberian Gold plc (TSG), entered into a transaction during the quarter ended June 30, 2007 with TSG in which two companies were acquired from TSG for a consideration of $40 million. The companies acquired consist of Amikan and AS APK. In connection with the relocation of Roberto Carvalho Silva, a former executive director of the Company who retired in 2007, to Nova Lima, Brazil, in 2000, Mr. Carvalho Silva commenced renting a house in Nova Lima from a Brazilian subsidiary of the Company. Mr. Carvalho Silva purchased the house from the Company's subsidiary in January 2005. The total purchase price of the house was BRL1,150,000 ($429,923). Mr. Carvalho agreed to pay the purchase price of the house in 60 installments, the first being BRL19,167.70 and 59 installments of BRL19,166.65 each, starting on January 28, 2005. Such monthly installments were adjusted annually by the cumulative INPC (a Consumer Price Index in Brazil) in lieu of interest.  All outstanding balances were repaid on or about August 31, 2007.A Brazilian subsidiary of the Company received marketing, communications and corporate affairs services from a Brazilian company in which a son of Roberto Carvalho Silva owns a one-third interest. The amounts paid by the Company's subsidiary to this company in respect of such services during 2007 was BRL634,023 ($329,055). The Company terminated the agreement with the Brazilian marketing, communications and corporate affairs services company effective July 2007. RELATED PARTY TRANSACTIONSAs at December 31, 2008, Anglo American plc (AA plc) and its subsidiaries held an effective 16.17 percent interest in AngloGold false false false us-types:textBlockItemType textblock This element may be used for the entire related party transactions disclosure as a single block of text. Disclosure may include: the nature of the relationship(s), a description of the transactions, the amount of the transactions, the effects of any change in the method of establishing the terms of the transaction from the previous period, stated interest rate, expiration date, terms and manner of settlement per the agreement with the related party, and amounts due to or from related parties. If the entity and one or more other entities are under common ownership or management control and this control affects the operating results or financial position, disclosure includes the nature of the control relationship even if there are no transactions between the entities. Disclosure may also include the aggregate amount of current and deferred tax expense for each statement of earnings presented where the entity is a member of a group that files a consolidated tax return, the amount of any tax related balances due to or from affiliates as of the date of each statement of financial position presented, the principal provisions of the method by which the consolidated amount of current and deferred tax expense is allocated to the members of the group and the nature and effect of any changes in that method. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph b -Article 3A Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph k -Article 4 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 57 -Paragraph 1-4 false 1 2 false UnKnown UnKnown UnKnown false true