2.2.0.7 false Assets Held For Sale 01070 - Disclosure - Assets Held For Sale 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 Assets Held For Sale Abstract 0 us-gaap_AssetsHeldForSaleCurrentAbstract us-gaap true 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 Assets Held For Sale 1 us-gaap_DisclosureOfLongLivedAssetsHeldForSaleTextBlock 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 <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 style="width: 484px; text-align:left;border-color:#000000;min-width:484px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;">2009</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;">2008</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 484px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:484px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;">$</td><td style="width: 5px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;">$</td></tr><tr style="height: 5px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 484px; text-align:left;border-color:#000000;min-width:484px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td></tr><tr style="height: 90px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 484px; text-align:left;border-color:#000000;min-width:484px;">Effective February 17, 2009, the interest in the Tau Lekoa mine together with the adjacent Weltevreden, Jonkerskraal and Goedgenoeg project areas (“Tau Lekoa”) in South Africa was classified as held for sale. Tau Lekoa was previously recognized as a combination of tangible assets, current assets and current and long-term liabilities. The Company has agreed to sell Tau Lekoa, subject to conditions precedent usual to a transaction of this nature, to Simmer and Jack Mines Limited (“Simmers”).</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td></tr><tr style="height: 5px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 484px; text-align:left;border-color:#000000;min-width:484px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td></tr><tr style="height: 27px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 484px; text-align:left;border-color:#000000;min-width:484px;">Purchase consideration consists of two components: an initial cash payment or combination of cash payment and Simmers shares together with future royalty payments.</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td></tr><tr style="height: 5px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 484px; text-align:left;border-color:#000000;min-width:484px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td></tr><tr style="height: 75px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 484px; text-align:left;border-color:#000000;min-width:484px;">The effective date will occur on the later of January 1, 2010, or the first day in the calendar month following the fulfillment of all conditions precedent to the transaction. The Company will continue to operate Tau Lekoa until the effective date with appropriate joint management arrangements with Simmers. Following the effective date of the disposal, Simmers will treat all ore produced from the assets at its own processing facilities. As a result, AngloGold Ashanti will have increased processing capacity available at its Vaal River plants, allowing for the processing of additional material from its surface sources and the other Vaal River mines.</td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td></tr><tr style="height: 5px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 484px; text-align:left;border-color:#000000;min-width:484px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td></tr><tr style="height: 61px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 484px; text-align:left;border-color:#000000;min-width:484px;">The additional treatment capacity will ensure significant continuing direct cash flows from the same gold commodity in an active market. Consequently, due to the migration of cash flows and in accordance with the FASB ASC guidance on discontinued operations, Tau Lekoa is not classified as a discontinued operation.</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td></tr><tr style="height: 5px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 484px; text-align:left;border-color:#000000;min-width:484px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td></tr><tr style="height: 54px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 484px; text-align:left;border-color:#000000;min-width:484px;">During 2009, an impairment loss of $4 million was recognized in earnings to reduce the carrying amount of Tau Lekoa to fair value less costs to sell. Refer to "Note 5  Costs and expenses: Impairment of assets". At December 31, 2008, net assets for Tau Lekoa amounted to $46 million.</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> 64</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; border-color:#000000;min-width:74px;"> -</td></tr><tr style="height: 5px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 484px; text-align:left;border-color:#000000;min-width:484px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td></tr><tr style="height: 97px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 484px; text-align:left;border-color:#000000;min-width:484px;">Effective December 2007, Rand Refinery Limited in South Africa (a subsidiary of the Company) transferred parts of its premises that were no longer utilized (previously recognized as a tangible asset), to held for sale. On April 1, 2008, a sale agreement was concluded subject to achievement of the suspensive condition regarding rezoning of the land and transfer of title deeds. Rand Refinery Limited currently awaits the rezoning transfer notification from the municipal and deeds office in order to conclude the sales transaction.</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> 1</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; border-color:#000000;min-width:74px;"> 1</td></tr><tr style="height: 5px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 484px; text-align:left;border-color:#000000;min-width:484px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td></tr><tr style="height: 87px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 484px; text-align:left;border-color:#000000;min-width:484px;">Effective December 31, 2008, the 33.33 percent interest in the unincorporated joint venture in Boddington Gold Mine in Australia was classified as held for sale. The interest in Boddington Gold Mine was previously recognized as a combination of tangible assets, goodwill, current assets and current and long-term liabilities. The Company agreed to sell the 33.33 percent interest, subject to conditions precedent, to Newmont Mining Corporation. </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td></tr><tr style="height: 5px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 484px; text-align:left;border-color:#000000;min-width:484px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td></tr><tr style="height: 64px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 484px; text-align:left;border-color:#000000;min-width:484px;">On June 26, 2009, the Company announced that the sale had been completed in accordance with the sale agreement with all conditions precedent being met. A profit on disposal of $56 million was realized on the sale of Boddington. Refer to "Note 5  Costs and expenses: (Profit)/loss on sale of assets, realization of loans, indirect taxes and other".</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> -</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; border-color:#000000;min-width:74px;"> 739</td></tr><tr style="height: 5px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 484px; text-align:left;border-color:#000000;min-width:484px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td></tr></table></div><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 484px; text-align:left;border-color:#000000;min-width:484px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;">2009</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;">2008</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 484px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:484px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;">$</td><td style="width: 5px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;">$</td></tr><tr style="height: 7px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 484px; text-align:left;border-color:#000000;min-width:484px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td></tr><tr style="height: 29px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 484px; text-align:left;border-color:#000000;min-width:484px;">As at December 31, 2009 and 2008 the carrying amounts of major classes of assets and liabilities classified as held for sale, included:</td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td rowspan="2" style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td></tr><tr style="height: 7px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 484px; text-align:left;border-color:#000000;min-width:484px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 484px; text-align:left;border-color:#000000;min-width:484px;">Cash and cash equivalents</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> -</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> 2</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 484px; text-align:left;border-color:#000000;min-width:484px;">Trade and other receivables</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> -</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> 10</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 484px; text-align:left;border-color:#000000;min-width:484px;">Inventories</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> 3</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> 2</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 484px; text-align:left;border-color:#000000;min-width:484px;">Property, plant and equipment</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> 70</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> 651</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 484px; text-align:left;border-color:#000000;min-width:484px;">Acquired properties</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> 1</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> 14</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 484px; text-align:left;border-color:#000000;min-width:484px;">Goodwill</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> -</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> 103</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 484px; text-align:left;border-color:#000000;min-width:484px;">Trade and other payables</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (3)</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (31)</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 484px; text-align:left;border-color:#000000;min-width:484px;">Provision for environmental rehabilitation</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (6)</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (11)</td></tr><tr style="height: 15px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 484px; text-align:left;border-color:#000000;min-width:484px;">Net assets</td><td style="width: 74px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"> 65</td><td style="width: 5px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"> 740</td></tr></table></div>   2009 2008  $ $      Effective February 17, 2009, the interest in the Tau Lekoa mine together with false false false us-types:textBlockItemType textblock Description and amounts of long lived assets held for sale. Disclosure may include the description of the facts and circumstances leading to the expected disposal, manner and timing of disposal, the carrying value of the assets held for sale, the gain or loss recognized in the income statement and the income statement caption that includes that gain or loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 144 -Paragraph 33, 47 false 1 2 false UnKnown UnKnown UnKnown false true