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Non-current assets and liabilities held for sale

 Effective 17 February 2009, the interest in the Tau Lekoa mine together with the adjacent Weltevreden, Jonkerskraal and Goedgenoeg project areas in South Africa were classified as held for sale. Tau Lekoa was previously recognised as a combination of tangible and current assets, and current and long-term liabilities.
  
 The purchase consideration consists of two components: an initial cash payment or combination of cash payment and Simmer & Jack Mines Limited (Simmers) shares together with future royalty payments.
  
 The Department of Mineral Resources has transferred the mining rights for its Tau Lekoa mine to Buffelsfontein Gold Mines Limited, a wholly owned subsidiary of Simmers. Full ownership of Tau Lekoa and the adjacent properties of Weltevreden, Jonkerskraal and Goedgenoeg passed to Simmers on 1 August 2010.
20092010Figures in million20102009
SA Rands US Dollars
529Following the classification of Tau Lekoa as held for sale, an impairment loss of $8m, R58m (2009: $27m, R200m) was recognised to reduce the carrying amount of the disposal group to fair value less costs to sell (notes 6 and 13).71
1010Effective December 2007, Rand Refinery allocated parts of its premises that were no longer utilised $1m, R10m (previously recognised as tangible assets), to assets held for sale. On 1 April 2008, a sale agreement was concluded subject to the suspensive condition regarding rezoning of the land and transfer of title deeds. Rand Refinery currently awaits the rezoning transfer notification from the municipal and deeds office in order to conclude the sales transaction.11
111Effective 2 December 2009, Amikan Holding Limited (Amikan) was classified as held for sale. AngloGold Ashanti Holdings plc, a wholly owned subsidiary entered into a memorandum of understanding with Polyholding Limited relating to the disposal of Amikan. Amikan was previously recognised as an equity accounted investment. Completion was expected to occur on or before 30 April 2010, but agreement could not be reached and the transaction was subsequently cancelled.15
100Effective 3 November 2010, ISS International Limited (ISSI) was classified as held for sale. AngloGold Ashanti Limited entered into a memorandum of understanding with The Institute of Mine Seismology (IMS) relating to the disposal of ISSI. The transaction was completed on 28 February 2011.15
650110Total non-current assets held for sale1687
  Non-current liabilities held for sale:  
56– Tau Lekoa mine7
22– ISSI3
5622Total non-current liabilities held for sale37